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International Automobile Dealers Announce Monthly Sales

added: 03-04-2009

The American International Automobile Dealers Association released March 2009 sales figures for the international automobile industry. AIADA represents over 11,000 international franchises, which so far this year account for 56.3 percent of all vehicles sold in the United States. Overall sales, including domestics and unadjusted for business days, were down 37 percent from March 2008.

U.S. Employees: Surprising Level of Optimism Despite Sliding Confidence in Future Job Security and Pay Increases

added: 03-04-2009

Despite lower employee confidence in the areas of job security and pay raises, the majority of employees have a surprising level of optimism relating to their ability to sidestep layoffs, the future outlook of their employer and expectations for pay increases, according to the Q1 Glassdoor.com Employee Confidence Survey of 1,576 employed adults conducted by Harris Interactive.

US Metropolitan Area Employment and Unemployment in February 2009

added: 03-04-2009

Unemployment rates were higher in February than a year earlier in all 372 metropolitan areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Monster Employment Index Dips Slightly in March 2009

added: 02-04-2009

The Monster Employment Index fell 4 points in March, and is now down 29% year-over-year, indicating a continued deceleration in online recruitment activity at the end of the first quarter.

Growing Up Is Never Easy: The Pains of Recession Should Lead to More Mature Financial Practices

added: 02-04-2009

Urging the country to put away childish things, President Obama could have been talking about poor spending habits. Like children, this nation demanded instant gratification. The retail concept of lay-away, popular just 30 years ago, went the way of the drive-in movie. No longer satisfied with buying what is affordable, Americans embraced run-away equity lines and defined themselves by what could be bought on credit. But those days are no more - and maybe it's for the better.

U.S. Companies Preparing to Adopt International Financial Reporting Standards (IFRS)

added: 02-04-2009

Chief financial officers and other executives of U.S.-listed companies believe the conversion from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS) will present an opportunity to transform their finance functions and create more value for their companies by mitigating financial reporting risk, increasing financial transparency and creating operational efficiencies, according to an Accenture study.

The Conference Board Consumer Confidence Index™ Relatively Unchanged in March 2009

added: 02-04-2009

The Conference Board Consumer Confidence Index™, which had declined sharply in February, was flat in March. The Index now stands at 26.0 (1985=100), up from 25.3 in February. The Present Situation Index declined to 21.5 from 22.3 last month. The Expectations Index increased to 28.9 from 27.3 in February.

30-Year Mortgage Rates Remain Low for Second Week

added: 02-04-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady for the second consecutive week at 5.09 percent, up slightly from 5.06 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

Americans Continue to Decrease Spending on Entertainment and Eating Out

added: 31-03-2009

The Obama Administration is focused on trying to stimulate the economy and is actively encouraging spending. Americans, however, are not that inclined to spend and are still decreasing the amount they will be spending on eating out and entertainment.

Public Favors 36% Cap On Consumer Loans

added: 31-03-2009

A CRL survey published today finds high levels of support for an annual interest rate cap on consumer loans of no higher than 36 percent. Three out of four Americans with an opinion think that Congress should cap interest rates at some level, and 72 percent think that level should be no higher than 36 percent.

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