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E-Commerce Spending Jumps 15 Percent on Cyber Monday to $846 Million, the Second Heaviest Online Spending Day on Record

added: 04-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 31 days of the November - December 2008 holiday season. For the holiday season-to-date, $12.03 billion has been spent online, marking a 2 percent decline versus the corresponding days last year. However, Cyber Monday saw $846 million in online spending, up 15 percent. The four-day period from Black Friday through Cyber Monday saw e-commerce spending jump 13 percent as both weekend days and Monday all achieved double-digit gains.

Two-Thirds of Companies Will Scale Back Hiring in Next Six Months

added: 04-12-2008

Two-thirds of U.S. employers and recruiters plan to scale back hiring plans over the next six months, according to a new survey. One-third of companies believe that layoffs are likely.

US Productivity and Costs - Third Quarter 2008

added: 04-12-2008

The Bureau of Labor Statistics of the U.S. Department of Labor reported revised productivity data - as measured by output per hour of all
persons - for the third quarter of 2008. The seasonally adjusted annual rates of productivity growth in the third quarter were: 1.5 percent in the business sector and 1.3 percent in the nonfarm business sector.

Black Friday Sees Alarming Levels of Attempted Online Fraud - up 40% From Last Year

added: 04-12-2008

Retail Decisions (ReD) reports that the online retail market experienced a staggering 40 percent increase in attempted online fraud on one of the USA's busiest shopping days, Black Friday.

Branded Gift Card Sales Predicted to Remain Steady

added: 04-12-2008

Reflecting current economic conditions and reduced spending by consumers, retailers are preparing for a holiday gift season distinguished by lower budgets and more practical gifts.

Cyber Monday Drives 10 Percent Increase in Web Traffic to Online Shopping Sites, According to Nielsen Online

added: 03-12-2008

Nielsen Online reported that as people headed back to work after the holiday weekend, Web traffic from home and work to the Holiday eShopping Index increased 10 percent year over year on Cyber Monday. Unique visitors to the sites included in the Index reached 35.9 million, a 13 percent increase over this year's Black Friday Web traffic.

Compensation Committees Adjusting CEO Pay Programs Prior to Financial Crisis

added: 03-12-2008

Compensation committees at U.S. companies had been making significant adjustments to how they compensate their chief executives even prior to the recent financial crisis, according to an annual study by Watson Wyatt.

IT Industry Experiences Growth Despite Economy Woes

added: 03-12-2008

While many U.S. job seekers are struggling to find employment, and workers can attest that it’s a tough economy to work in, industry experts say that certain sectors – like information technology (IT) – are experiencing growth and moving along this economic rollercoaster headstrong.

US Metropolitan Area Employment and Unemployment in October 2008

added: 03-12-2008

Unemployment rates were higher in October than a year earlier in 361 of the 369 metropolitan areas and lower in 8 areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Thirteen areas recorded jobless rates of at least 10.0 percent, while 11 areas registered rates below 3.0 percent. The national unemployment rate in October was 6.1 percent, not seasonally adjusted, up from 4.4 percent a year earlier.

Mortgage Rates Drop to Lowest Level This Year

added: 03-12-2008

Mortgage rates fell dramatically last week, due to the government's decision to purchase mortgage-backed securities. Rates for 30-year fixed mortgages declined to 5.53 percent, down from 5.92 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

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