Summary Box: Economic recovery in progress after recession eased in spring; bumpy road aheadSeptember 30th, 2009 Summary Box: Economic recovery looks bumpyTHE WAY WE WERE: The economy contracted at a pace of 0.7 percent in the second quarter, a vast improvement from the first three months of this year, when the economy shrank at a pace of 6.4 percent, the biggest downhill slide in nearly three decades. THE RECOVERY PHASE: Many analysts predict the economy returned to growth in the just-ended third quarter at a pace of at least 3 percent.
Summary Box: US households see wealth grow for first time in nearly 2 yearsSeptember 17th, 2009 Summary Box: Net worth grew in springWHAT HAPPENED? Americans got wealthier. Household net worth grew in the second quarter for the first time in nearly two years, a Federal Reserve report showed.
Summary Box: Retail sales jump in August, but increase may be temporarySeptember 15th, 2009 Summary Box: Retail sales jump in AugustSPENDING REBOUNDS: The Commerce Department said retail sales rose 2.7 percent in August, the most in more than three years. A spike in auto sales, spurred by the Cash for Clunkers program, and higher gas prices drove the increase.
Summary Box: Productivity, factory orders increase in latest hopeful signs of recession's endSeptember 2nd, 2009 Summary Box: Productivity, factory orders riseMORE STRONG NUMBERS: Productivity in the second quarter posted its best showing since 2003, while cost-cutting by companies pushed labor costs down by the most in nine years. A separate report showed factory orders climbed in July, the fifth gain in six months.
Missouri banks record net loss in second quarter while S&L profits surgeAugust 28th, 2009 Missouri banks record net lossKANSAS CITY, Mo. — Missouri banks recorded a net loss in the second quarter of 2009 as bad loans continued to hurt lenders' bottom lines.
Summary Box: Plunge in GDP slows in spring while jobless claims dip slightly last weekAugust 27th, 2009 Summary Box: Economists encouraged by GDP activityECONOMY SHRINKS: The gross domestic product, the total output of goods and services, dropped at an annual rate of 1 percent in the April-June quarter. The number of newly laid-off workers filing for unemployment benefits dropped slightly to 570,000 last week.
Summary Box: Weak job market could dampen consumer spending and hamper recoveryAugust 21st, 2009 Summary Box: Jobless claims bad sign for recoveryWHAT HAPPENED?: New jobless claims rose for the second straight week, disappointing analysts who were expecting a drop. At the same time, an index of leading economic indicators and a regional manufacturing index rose, providing more evidence that the economy may be recovering.
Summary Box: Sharp drop in wholesale prices adds to evidence of no inflation threatAugust 19th, 2009 Summary Box: Wholesale prices signal low inflationWHAT HAPPENED?: Wholesale inflation dropped 0.9 percent in July, reflecting big declines in energy and food costs. Construction of single-family homes rose for a fifth straight month, though overall housing construction fell 1 percent because of weakness in apartment building.
Summary Box: Retail sales drop unexpectedly as consumers keep wallets closedAugust 13th, 2009 Summary Box: Unexpected drop in retail salesWHAT HAPPENED?: Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last week. The reports raised concerns about the ability of consumers to fuel a broad economic recovery.
Realtors group says home sales increase from 1st quarter to 2nd, sign of stabilizationAugust 12th, 2009 Home sales rise from 1st quarter to 2ndWASHINGTON — U.S. home sales grew in the second quarter in 39 states, another sign that the ailing housing market is finally coming to life.
Summary Box: Jobless claims drop in positive sign for economyAugust 6th, 2009 Summary Box: Jobless claims drop as layoffs slowWHAT HAPPENED: The government said Thursday that initial jobless claims fell to 550,000 last week from 588,000 the previous week. While still high, new claims have dropped by about 50,000 in the past month.
Summary Box: Clunker cash delivers a boost, but it's no long-term economic solutionAugust 5th, 2009 Summary Box: Clunker cash is no long-term solutionWHAT'S HAPPENING: The "cash-for-clunkers" program provides rebates of up to $4,500 to drivers who trade in a gas-guzzler for a more fuel-efficient vehicle. That's boosting car sales and generating much-needed sales taxes.
Summary Box: Refiner Valero Energy Corp. reports 2Q loss as fuel demand wanesJuly 28th, 2009 Summary Box: Refiner Valero reports 2Q lossWHAT HAPPENED?: Valero Energy Corp., the nation's largest independent refiner, said Tuesday it lost $254 million in the second quarter — usually a robust period for refiners because of strong demand for products such as gasoline and jet fuel. WHAT WENT WRONG?: The recession has simply crushed energy consumption.
Summary Box: Layoffs slow, but jobless rate rises to 9.4 percent and will move higherJune 6th, 2009 Summary Box: Layoffs slow as recession easesJOB CUTS SLOW: Employers cut 345,000 jobs last month, the fewest since September and the fourth straight month that the pace of layoffs slowed. UNEMPLOYMENT RATE RISES: The jobless rate rose to 9.4 percent, from 8.9 percent in April.
Taiwan's jobless rate hits record of 5.8 percent in March amid recessionApril 22nd, 2009 Taiwan's jobless rate hits record high of 5.8 pctTAIPEI, Taiwan — Taiwan's jobless rate hit a record high of 5.8 percent in March, rising for the eleventh straight month amid an economic slump, the government said Wednesday. The Directorate-General of Budget, Accounting and Statistics said in a statement the number of unemployed workers rose to 630,000 from 624,000 in February with the increase coming from company closures and layoffs.
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August 21st, 2009 at 8:56 pm
Foreclosures are high again. Things are complicated for those who have debt with mortgage. Something must be done, cause all the Government actions were fail up to now!