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US Employment Situation in October 2008

added: 10-11-2008

Nonfarm payroll employment fell by 240,000 in October, and the unemployment rate rose from 6.1 to 6.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Fannie and Freddie Will be Important in Economic Recovery

added: 10-11-2008

At the 2008 REALTORS(R) Conference & Expo, Federal Housing Finance Agency Director James B. Lockhart III assured Realtors(R) that government-sponsored enterprises Fannie Mae and Freddie Mac and the Federal Home Loan Banks will continue to play a critical role in the country's economic recovery.

US Jobs Worsen

added: 10-11-2008

There should now be no doubting the depth of the approaching US recession. Friday's employment data suggests that could be a little light on: in short it was the most horrific report in years.

US Economy: Obama's Large Budget Deficit

added: 10-11-2008

George W Bush's legacy for investors: a 40% drop in the US share market from 2000 to this week, as shown by the key indicator, the Standard & Poor's 500, and a 30% drop in the value of the US dollar in the same time.

US Car Crisis Approaches

added: 10-11-2008

The red warning light is flashing at an increasing pace for the US car industry as Ford, GM and Chrysler burn through the cash and get close to just the fumes left in the bank account.

Despite Opting for "Change", Voters Proved Cautious on Fiscal Issues

added: 10-11-2008

Spin-meisters are already arguing about what kind of "change" Americans voted for on Tuesday, but according to an analysis from the 362,000-member National Taxpayers Union (NTU), voters in ballot measure contests often chose prudent stability when it came to their pocketbooks.

Pending Home Sales Down on Tight Credit and Economic Slowdown

added: 10-11-2008

Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors(R).

Spherion Survey: Employee Confidence Index Drops to New Low

added: 10-11-2008

The Spherion Employee Confidence Index dropped to a new low in October, decreasing 5.8 points to 41.5.

76 Percent of Consumers Plan to Cut Back on Holiday Spending

added: 09-11-2008

This the season to tighten the belt on holiday spending for many Americans this year. Over three-quarters (76%) of Americans plan to cut back on spending on traditional holiday expenses such as gifts, travel, entertaining, decorations, charitable giving, holiday cards, and tipping, according to a new Consumer Reports Holiday Shopping Poll.

One Out of Four Workers Have Encountered Employment Discrimination

added: 09-11-2008

With unemployment rising and competition in the workplace increasing, it's tough to get a job - or get ahead - in today's market. More than one in four American adults - 27 percent - say they have encountered employment discrimination, according to a new survey by FindLaw.com. The most frequently cited forms of discrimination involved race, age and gender.

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