Changes in home prices, forecasts, for 20 citiesOctober 9th, 2009 Changes in home prices, forecasts, for 20 citiesHome price data from 20 U.S. metropolitan statistical areas (median existing single-family home price at the end of the second quarter, or June 30; price change from a year earlier; percent change forecast for the year ahead):
CITY2Q20091YrChange1YrAhead¤Atlanta$120,010-$36,540-1.00percentBoston$328,770-$29,730-1.29percentCharlotte$198,220-$1,640-0.18percentChicago$199,920-$50,720-1.09percentCleveland$100,730-$11,120-0.43percentDallas$145,140-$550-0.24percentDenver$219,850-$1,049-1.28percentDetroit$117,210-$12,490-1.03percentLas Vegas$140,430-$92,730-5.16percentLos Angeles$313,110-$107,680-2.76percentMiami$202,890-$100,570-6.95percentMinneapolis$182,270-$25,930-1.27percentNew York$398,670-$66,390-2.92percentPhoenix$129,650-$73,080-5.16percentPortland, Ore.$243,360-$39,370-1.71percentSan Diego$340,210-$86,340-1.17percentSan Francisco$448,380-$201,080-1.79percentSeattle$316,050-$52,130-0.63percentTampa$139,200-$39,480-5.99percentWashington D.C.$307,200-$50,160-1.86percent— Sources: National Association of Realtors (prices), Moody's Economy.com (forecast)
Jobless rates improve in most metro areas in August, though many workers likely discouragedSeptember 30th, 2009 Jobless rates drop in most metro areas in AugustWASHINGTON — The August unemployment rate fell in about 60 percent of metropolitan areas from the previous month, as layoffs ease nationwide. The jobless rate dropped in 232 of 380 metro areas, according to an Associated Press analysis of Labor Department data released Wednesday.
Unemployment rate drops in 17 states in July as layoffs slow, but jobs remain scarceAugust 21st, 2009 July unemployment dips in 17 states, rises in 26WASHINGTON — The unemployment rate fell in 17 states and the District of Columbia last month, a positive sign even as the pain of joblessness remains widespread. The Labor Department said Friday that the jobless rate fell in July in New York, Oregon, Minnesota and Virginia, among other states.
Sonus Networks to cut more jobs as restructuring activities wind downAugust 13th, 2009 Sonus Networks to lay off 10 percent of workforceWESTFORD, Mass. — Sonus Networks Inc.
Wholesale inflation rises less than expected in May; gasoline prices jumpJune 16th, 2009 Wholesale inflation up less than expected in MayWASHINGTON — Wholesale prices rose less than expected in May as a drop in food costs helped keep overall prices down. The Labor Department said Tuesday that the Producer Price Index increased by a seasonally adjusted 0.2 percent from April.
Productivity increases more than expected in 1st-qtr, as layoffs rise faster than output fallsJune 4th, 2009 Productivity increases more than expected in 1QWASHINGTON — U.S. workers were more productive in the first quarter than previously estimated, the government said Thursday, as rapid layoffs meant companies were forced to make do with fewer employees.
15 percent jobless in 13 US cities: ReportJune 4th, 2009 WASHINGTON - Thirteen American cities saw their unemployment rates topping 15 percent in April with nine of the highest in California alone. In another 93, joblessness climbed above 10 percent, according to a new government report.
State Bank plans to raise Rs.20,000 croreMay 8th, 2009 KOLKATA - State Bank of India (SBI), the country's largest lender, wants to raise Rs.20,000 crore in the current fiscal, a top company official said here Friday. 'SBI wants to raise Rs.20,000 crore this fiscal.
Job losses slow to 539,000 in April; jobless rate rises to 8.9 percent, highest since 1983May 8th, 2009 Layoffs slow to 539K in April; jobless rate risesWASHINGTON — The pace of layoffs slowed in April, with employers cutting 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent as many businesses remained wary of hiring given all the economic and financial uncertainties.
Severstal announces plans to idle plants in W.Va., Ohio, bringing total layoffs to 3,100May 8th, 2009 Severstal announces plans to idle WVa, Ohio plantsCHARLESTON, W.Va. — Russian-owned steelmaker Severstal lnternational said Thursday it is idling mills West Virginia and Ohio because of the continuing slump in the steel industry.
Singapore unemployment jumps to 3.2 percent in 1st quarter as manufacturing sheds jobsApril 30th, 2009 Singapore unemployment jumps to 3.2 percentSINGAPORE — The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state's exports and sparked manufacturing layoffs. The unemployment rate rose to a seasonally adjusted 3.2 percent in March from 2.5 percent in December and 1.9 percent in March 2008, Singapore's Manpower Ministry said in a statement Thursday.
India Inc against layoffs, but freezes hiring: SurveyApril 30th, 2009 NEW DELHI - Most Indian companies have decided not to resort to any more job cuts even as they have put a cap on fresh hiring and staff incentives with a curb on outstation travel for executives, says a survey released Thursday. More than 75 percent of the respondents in the survey by PricewaterhouseCoopers (PwC) said they were reviewing their recruitment strategy to manage costs.
Gujarat truckers raise freight charges by 20 percentMarch 13th, 2009 AHMEDABAD - Gujarat truck operators have hiked freight rates by up to 20 percent for trucks leaving for Delhi, Punjab, Haryana and Maharashtra 'with immediate effect', a truckers' representative here said Thursday. Akhil Gujarat Truck Transporters Association (AGTTA) vice-president Mukesh Dave told IANS that the truckers were forced to raise charges as they did not get sufficient load while returning from these states after unloading goods.
GM cutting 10,000 jobs; Nike another 1,400February 10th, 2009 WASHINGTON - Troubled automaker General Motors is cutting 10,000 workers or 14 percent of its salaried jobs worldwide, with a third of layoffs coming in the US. Nike Inc, the world's largest athletic shoe and clothing maker, is also planning to slash 1,400 jobs out of about 35,000 globally.
One in four US companies plan salary freezeFebruary 9th, 2009 WASHINGTON - About a quarter of businesses in America have frozen workers' salaries for 2009 in the wake of a pessimistic economic outlook, according to a new survey. Outsourcing and consulting firm Mercer in a survey released Monday said 25 percent of organizations surveyed said they have already decided not to raise their employees' pay, and another 20 percent are considering a salary freeze this year.
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