Jobless Claims Drop to 5-Year Low
The Labor Department reports that jobless claims for the week ending on January 12 fell to its lowest level in five years.
Housing Starts Drop in July
The US Census Bureau has released their report for housing starts during the month of July.
The New Foreclosure Challenge: The Increase in Older Americans Losing Their Homes
A major casualty of the foreclosure crisis, in which nearly 4.5 million Americans lost their homes, has been individuals close to retiring.
Consumer Confidence Sinks to Lowest Level This Year, Politics Blamed
Steady unemployment and continued sluggishness in the United States economy helped drive consumer confidence to its lowest level in 2012.
GDP Slows Down in Q2, Concerns about Sluggish Economy
The GDP measures the output of goods and services within U.S. borders.
Consumer Price Index Remains Steady in June
The Consumer Price Index represents the broadest measurement employed by the Labor Department because the gauge includes goods and services.
Third Time is Not the Charm – US Retail Sales Fall for Third Straight Month
With gasoline purchases excluded from the data retail sales slid by 0.3 percent in June.
FOMC Split on Need for New Financial Stimulus
A big cause in the split on whether QE3 was necessary is the possibility that another financial stimulus could lead to increased inflation.
US Economy Stumbles Along in June
The US economy appears stuck in a holding pattern – businesses and employers are on the sideline.
Weak June Hiring Bad News for President Obama
Weak hiring in June, 2012 added jobs to the economy, but not enough to budge the unemployment rate from 8.2 percent.
NFIB Reports “Stagnant” Small Business Optimism in May
The latest NFIB release shows a 0.1% decrease in small business optimism.
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Higher One to Repay $11 Million to 60,000 Students for Charging Excessive Overdraft Fees
Higher One has agreed to repay $11 Million in restitution to students who were victims of excessive overdraft fees.
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Existing Home Sales Rise in July
The National Association of Realtors announced today that existing home sales rose 2.4% in July.
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Fannie Mae and Freddie Mac See New Terms in Their Bailout Agreement
Fannie Mae and Freddie Mac have been a crucial part of the mortgage market, remaining important even through the housing crisis.
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August Index of Consumer Spending Reaches Highest Level Since May
The preliminary August index of consumer spending surprised economic forecasters by reaching its highest level since May.
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June 30th Jobless Claims Fall More Than Expected
The DOL issued a surprisingly upbeat jobless claims report today; first time applications for jobless benefits dropped by 14,000.
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Airlines Consider Luggage Fees for Oversize Carry-Ons
Airlines often find ways to increase revenues, and now they want to charge for over-size carry-on bags through airline luggage fees.
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