The Government Shutdown Is Over. For Now.
Have you ever heard of the five stages of grief? It’s a hypothesis for what people go through when faced with some awful event, like death or trauma. They are denial, anger,...
Los Angeles CD Rates Survey for the week of January 9, 2012
According to a recent Primerates.com survey of Los Angeles CD rates, banks offered rates between 0.05% and a highly competitive 0.75%.
Fed Beige Book – Consumer Spending Up While Real Estate Sector Remains Depressed
The first Fed Beige Book release of the year indicates that the economy is recovering at a moderate pace.
Consumer Credit Surges to Largest Level in Ten Years
The Federal Reserve Board’s Consumer Credit Report revealed a 9.9 percent increase in people making credit card purchases in November 2011.
January 2012 Employment Picture Brightens Over 2011
The 2012 employment picture is starting to look better than the start of 2011 – so far, jobs are up and unemployment is down.
Decline in New Jobless Claims Show Evidence of Additional Economic Improvement
A recent report by the US Department of Labor details encouraging information regarding jobless claims that occurred during December.
US Job Cuts in December Reach 6-Month Low
The new Challenger Job-cut report highlights a 6-month low in job reductions. The number of job cuts was the lowest since June 2011.
December Jobs Increase Highest Monthly Increase Since 2001
A monthly report by payroll-processing company ADP showed the highest monthly jobs increase going back in records to 2001.
US Auto Industry 2011 Shows Best Performance Since 2008
Details of the Motor Vehicle Sales Report
Obama’s Controversial Appointment: Richard Cordray Becomes Consumer Agency Head
On January 4th, President Obama named Richard Cordray as interim head of the new Consumer Financial Protection Bureau (CFPB). Obama acted against the wishes of the Republican-controlled Senate, which opposed...
Consumers Unhappy About ATM Fees Increasing
Recently there has been a lot of news in the media and complaints from consumers about various banks raising their fees or considering fee increases. Three recent surveys demonstrate that...
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Most Recent
Consumer Sentiment Plunges on Fears of Fiscal Cliff
the overall index for consumer sentiment unexpectedly fell to 74.5 percent in early December, as the negotiations about the fiscal cliff have dominated the news
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Employment Situation Improves Despite Hurricane Sandy
The Bureau of Labor Statistics released the employment situation report for November, and the numbers are looking as good as they have been for the past several months.
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Jobless Claims Fall for Third Straight Week
According to the Labor Department, jobless claims decreased sharply— and more than anticipated.
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Motor Vehicle Sales Jump 8.7% in November
Reports from Autodata Corporation show that the motor vehicle sales increased dramatically in November.
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Hurricane Sandy Flattens Consumer Spending in October
Hurricane Sandy also flattened income and consumer spending for the month of October 2012.
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Third Quarter GDP Growth Rate at 2.7 Percent
Most economists concur that the an annual GDP growth rate of 3% or more is necessary to bring down the unemployment rate and create a strong economy.
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