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U.S. Metropolitan Area Employment and Unemployment in October 2009

added: 04-12-2009

Unemployment rates were higher in October than a year earlier in all 372 metropolitan areas, the U.S. Bureau of Labor Statistics reported. Fifteen areas recorded jobless rates of at least 15.0 percent, while 13 areas registered rates below 5.0 percent. The national unemployment rate in October was 9.5 percent, not seasonally adjusted, up from 6.1 percent a year earlier. Among the 369 metropolitan areas for which nonfarm payroll employment were available, 361 areas reported over-the-year decreases in employment and 8 reported increases.

Bankrate: Mortgage Rates Remain Near Record Lows

added: 04-12-2009

The average conforming 30-year fixed mortgage moved a touch higher from 5 percent to 5.01 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Discover® U.S. Spending MonitorSM Flat in November; Upper-Income Consumers Show Big Decline in Economic Confidence

added: 03-12-2009

The Discover U.S. Spending Monitor was flat in November, rising only a half point to 86.3 (based out of 100) as a majority of consumers continued to be pessimistic about the economy and their personal finances. Overall, 59 percent of consumers rated the economy as poor, a 3-point increase from October. Forty-nine percent of consumers felt economic conditions were getting worse, a 3-point rise from October and second consecutive increase.

92 Percent of Small-Medium Business CEOs Say Washington Is Not Listening to Their Needs

added: 03-12-2009

Main Street CEOs are regaining economic confidence in their businesses, but 92 percent of them say Washington is not listening to the needs of small-to-medium-sized businesses, according to the Vistage CEO Confidence Index Survey for the 4th quarter. The CEOs are mainly concerned about the costs of healthcare legislation, increased taxes, regulatory burdens, and continued tightening of credit.

Online Shopper Satisfaction Down on Cyber Monday

added: 03-12-2009

Cyber Monday shoppers were less satisfied this year than they were at the same time last year, according to ForeSee Results’ annual benchmark of satisfaction with online holiday shopping. The study collected responses from more than 350,000 people who shopped online at more than 110 retailers from November 24-30, 2009.

Industrial Producer Prices up by 0.2% in Both Euro Area and EU27

added: 03-12-2009

In October 2009 compared with September 2009, the industrial producer price index rose by 0.2% in both the euro area (EA16) and the EU27. In September, prices fell by 0.4% in both zones.

Email and Social Media Marketing Are Top Areas of Investment in 2010

added: 03-12-2009

The majority of businesses plan to increase marketing spend in email marketing and social media in 2010, making them the top two areas of investment according to the November "2010 Marketing Trends Survey" released by StrongMail, a leading provider of online marketing solutions for email and social media. Signaling a positive economic outlook for 2010, the industry survey of more than 1,000 global business leaders also found that 89 percent of respondents plan to increase or maintain budgets in the New Year.

Frost & Sullivan: Environment Policies and Virtualisation of Workplace Drive the Uptake of Web Conferencing Services in Europe

added: 03-12-2009

As companies look for ways to reduce their travel expenses while maintaining their productivity levels, web conferencing is becoming an engrossing topic in the European market. Hosted services are the dominant model in delivering web conferencing services to customers, as significant reduction in companies' capital expenditure (CAPEX) has spurred growth across the enterprise communication sector. Hosted services have gained popularity, as they do not require expensive in-house maintenance and upgrades.

Asia's Bonds Markets Must Tackle Trio of Challenges, ADB Says

added: 03-12-2009

"Developing Asia's bond markets must overcome low liquidity, a narrow investor base and limited borrower access if they are to support sustainable economic development in the region," said Bindu N. Lohani, the Asian Development Bank's (ADB) Vice-President, Finance and Administration.

Thirty-Year Fixed Mortgage Rate Continues Rapid Fall

added: 03-12-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased seven basis points last week to 4.62 percent, down from 4.69 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell four basis points to 4.19 percent from 4.23 percent, while 5-1 adjustable rate mortgages increased five basis points to 3.74 percent, from 3.69 percent the week prior.

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