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Expanding Transit Will Help Americans in Tough Economy and Cut Dependence on Foreign Oil

added: 10-09-2008

Expanding transit now will help Americans get through tough economic times and cut our dependence on foreign oil, according to hearing testimony by a green transportation expert before the Senate Banking Committee.

Fitch: US CREL CDO Delinquencies Rise Modestly in August 2008

added: 10-09-2008

Three new delinquent and two recently repurchased loans led to an increase in the U.S. commercial real estate loan (CREL) CDO delinquency rate to 1.79% for August 2008, according to the latest CREL CDO Delinquency Index (CREL DI) from Fitch Ratings.

US Pension Plans Hurt by Rising Liabilities in August 2008

added: 09-09-2008

Funding ratios at the typical U.S. pension plan declined 0.9 percentage points in August as liabilities increased more than assets, according to BNY Mellon Asset Management.

OECD Standardised Unemployment Rate Stable at 5.8% in July 2008

added: 09-09-2008

The standardised unemployment rate for the OECD area was 5.8% in July 2008, the same as the previous month and 0.2 percentage point higher than a year earlier.

The Conference Board Employment Trends Index™ Suggests No Turnaround in the Job Market Anytime Soon

added: 09-09-2008

The Conference Board Employment Trends Index (ETI)™ continued its year-long decline in August, suggesting even more softening to come in the labor market. The index fell in August to 110.8, down 0.5 percent from July's revised figure of 111.4, and down more than 8 percent from a year ago.

Hurricane Gustav Did Little Damage to the Oil Rigs

added: 09-09-2008

The tide turns? Hurricane Gustav did little damage to the oil rigs in the Gulf of Mexico and the price of a barrel of crude fell below $110. Meanwhile, slowing economic growth at home and abroad is slowing demand for energy and other commodities. In fact, the commodity index that was 30 percent higher in June than one year earlier was less than 1 percent higher in late August.

US Employment Situation in August 2008

added: 08-09-2008

The unemployment rate rose from 5.7 to 6.1 percent in August, and non-farm payroll employment continued to trend down (-84,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported. In August, employment fell in manufacturing and employment services, while mining and health care continued to add jobs. Average hourly earnings rose by 7 cents, or 0.4 percent, over the month.

Reinsurers Strong Amid Credit Crisis

added: 08-09-2008

Despite the impact of the ongoing credit and liquidity crisis to most financial services sectors, reinsurance companies are well-positioned to sustain reasonably significant property catastrophe losses or other large sequences of non-cat losses while continuing to meet the needs of reinsurance buyers, according to an analysis by Aon Re Global, the world's largest reinsurance intermediary.

US Mortgage Giants, Fannie and Freddie $US200 Billion Takeover

added: 08-09-2008

The $US200 billion takeover of US mortgage giants, Fannie Mae and Freddie Mac won't solve America's financial or economic woes, but it might be a start in stabilising the mess.

Spherion Survey Shows First Increase in Overall Worker Confidence Since May

added: 08-09-2008

The Spherion Employee Confidence Index jumped 2.4 points to 47.6 in August, representing the first increase in the Index since May.

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