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The Period of Economic Growth for the U.S. Has Ended

added: 09-06-2008

Hopes for a quick economic turnaround were essentially dashed on Friday when the Labor Department reported that American employers axed 49,000 jobs in May, the fifth straight month of job losses, an event that signals a recession and inspired a 394-point decline in the Dow Jones Industrial Average.

Spherion Survey Shows First Increase in Overall Employee Confidence Index in Nine Months

added: 09-06-2008

The Spherion(R) Employee Confidence Index rose 0.7 points to 46.9 in May, showing the first increase in nine months. The survey, conducted by Harris Interactive(R) on behalf of Spherion Corporation, reflects workers' increasing confidence in the economy, as more workers report that the economy is getting stronger in May.

US: Commissioner's Statement on the Employment Situation in May

added: 08-06-2008

The labor market continued to weaken in May. The unemployment rate increased by half a percentage point to 5.5 percent, and jobless rates rose for most major demographic groups. Over the month, nonfarm payroll employment continued to trend down (-49,000). Thus far in 2008, job losses have totaled 324,000. In May, employment declined in construction, manufacturing, retail trade, and temporary help services. Health care continued to add jobs.

US: Employment Situation in may 2008

added: 08-06-2008

The unemployment rate rose from 5.0 to 5.5 percent in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported. In May, employ- ment continued to fall in construction, manufacturing, retail trade, and temporary help services, while health care continued to add jobs. Average hourly earnings rose by 5 cents, or 0.3 percent, over the month.

As Gas Prices Soar, CPA Financial Planners Offer Advice

added: 07-06-2008

Now that the average cost of a gallon of gas is heading closer to $4, are you thinking about buying a more fuel-efficient vehicle? The American Institute of Certified Public Accountants advises that you consider all the costs involved in trading in the old for the new.

Under Heavy Economic Pressure, Hispanics 45+ Look To Workplace, Families

added: 07-06-2008

While many middle-aged and older Hispanics are trying to work their way through the recent economic slump, many are also being forced to make difficult decisions with dire long-term consequences, according to a new survey by AARP.

IDC Predicts Weaker Economy and Rising Gas Prices Will Drive Landline Displacement

added: 06-06-2008

In a recent IDC survey of more than 1,500 U.S. households, people who cut the cord cited the cost of keeping both landline and wireless as the number one reason for giving up landline service.

Bankrate: Mortgage Rates Nudge Higher

added: 06-06-2008

Fixed mortgage rates moved higher for the second week in a row, with the average conforming 30-year fixed mortgage rate rising to 6.26 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points.

Consumer Confidence Continues its Slump as Financial Worries Mount

added: 05-06-2008

U.S. consumer confidence eroded this month as Americans' worries over every facet of their financial situation mounted, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index. Economic attitudes soured across the board, with consumers viewing the current economy negatively and displaying deep pessimism about the future. As a result, the overall RBC CASH Index for June 2008, released today by RBC, stands at an all-time low of 22.5, dropping nearly 17 points below May's 39.0 level.

CEO Confidence in May Stabilizes After Unprecedented Consecutive Declines

added: 05-06-2008

After enduring a six-month free-fall, the monthly Chief Executive magazine CEO Index showed signs of stabilization in May. The Index, which surveyed 334 U.S. top executives, barely budged in May, coming in at 95.8 points, or just 0.6 percent below April results.

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