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U.S. Consumer Sentiment Remains Under Siege After Plunging in October, According to RBC Cash Index

added: 14-11-2008

Although energy prices have declined sharply, consumer sentiment remains under siege due to persistent negative forces ranging from the escalating job crisis to the prolonged housing debacle and the growing credit crunch, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index.

More Than 7 in 10 Americans Who Start at the Bottom of the Income Ladder Remain Below Middle Income Status 10 Years Later

added: 14-11-2008

Despite notable changes in the U.S. economy over the past two decades, such as the ongoing shift from manufacturing to service sector jobs, women’s increasing participation in the workforce and rising immigrant populations, the ability of Americans to move up in the income distribution has changed little since the 1980s according to a new report released by the Economic Mobility Project, an initiative of The Pew Charitable Trusts.

Foreclosure Activity Increases 5 Percent in October 2008

added: 14-11-2008

RealtyTrac® released its October 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 279,561 U.S. properties during the month, a 5 percent increase from the previous month and a 25 percent increase from October 2007. The report also shows one in every 452 U.S. housing units received a foreclosure filing in October.

China: Total Retail Sales of Consumer Goods Kept Climbing in October 2008

added: 14-11-2008

The total retail sales of consumer goods in October reached 1008.3 billion yuan, a year-on-year increase of 22.0 percent.

The Leading Index for Korea Declined 0.7 Percent in September 2008

added: 14-11-2008

The Conference Board announced that the leading index for Korea declined 0.7 percent and the coincident index declined 0.4 percent in September.

Despite Slight Dip in October, IT Employment Continues to Outperform General Employment Market

added: 14-11-2008

While the news in the general employment market in October was horrific, IT employment dipped only slightly, according to the National Association of Computer Consultant Businesses (NACCB), which tracks monthly IT employment.

Reduced Gap in Employment Rates Between Men and Women in the EU27

added: 13-11-2008

In 2007 in the EU27, the employment rate was 72.5% for men and 58.3% for women, compared with 70.7% and 53.6% respectively in 2000. This means that employment rates for both men and women have increased over this period, and that the difference in rates between men and women has narrowed from 17.1 percentage points in 2000 to 14.2 pp in 2007.

Monster Employment Index: Germany Reports Significant Fall in Online Recruitment Activity

added: 13-11-2008

With the global financial crisis hitting Europe with full force during October, recruitment activity continued to moderate across the EU as the Monster Employment Index Europe fell to a nine-month low of 152.

Growing Financial Crime Threats: New Payment Methods, Identity Theft, and Eastern Europe

added: 13-11-2008

New types of payment methods, including mobile banking, pre-paid cards, and "virtual world" transactions, are expected to be a hot area of regulatory interest, according to a new survey of senior anti-money laundering (AML) compliance officers in North America and Europe, conducted by risk and compliance specialist Fortent. Survey respondents also cited identity theft as "presenting the greatest emerging threat" to their institutions in the area of financial crime.

Global Theft Costs Retailers and Consumers US$104 Billion Annually

added: 13-11-2008

The level of global retail theft reached $104.5 billion in the past year, leading to increased costs for both retailers and consumers alike. The second annual Global Retail Theft Barometer found that while global retail shrink as a percentage of total sales has declined slightly in the past 12 months, the overall cost of retail crime has increased substantially.

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