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US Employment Situation in September 2008

added: 06-10-2008

Nonfarm payroll employment declined by 159,000 in September, and the unemployment rate held at 6.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Employment continued to fall in construction, manufacturing, and retail trade, while mining and health care continued to add jobs.

Older Workers Worried About Promised Medicare and Social Security Benefits

added: 05-10-2008

Many older workers, particularly those without employer-sponsored retirement plans, retiree medical plans or other financial resources, do not expect to receive their full Social Security or Medicare payments after they retire. Confidence is especially low among those who are relatively younger, female or have a lower level of education, according to an analysis by Watson Wyatt.

World Bank: Leveling Opportunities, Key to Latin American Development

added: 05-10-2008

Between one fourth and one half of income inequality observed among Latin America and the Caribbean adults is due to personal circumstances endured during childhood that fell outside of their control or responsibility, such as race, gender, birthplace, parent’s educational level and their father’s occupation. These circumstances reveal the level of inequality of opportunity in the region.

2.3 Million Foreclosures Prevented in Past 14 Months by Mortgage Industry

added: 05-10-2008

HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors that has been working aggressively to prevent foreclosures, announced that nearly 2.3 million homeowners have avoided foreclosure and have been able to stay in their homes due to the continuing efforts of HOPE NOW and the broader mortgage industry.

Employees No Longer Want a Paycheck

added: 04-10-2008

Employees favor electronic payments over traditional paychecks, according to results from the recent "Getting Paid In America" survey. The survey, conducted by the American Payroll Association, showed that ninety percent of employees are paid by either direct deposit or paycard.

More Than 44% of Small Business Owners Say $700 Billion Dollar Financial Bailout Will Not Help Them

added: 04-10-2008

Only 20.1% of local business owners surveyed around the nation believe the U.S. Government's proposed $700 billion bailout of the financial industry will help them, according to new survey results set to be released next Tuesday.

US Consumers Turn More Conservative With Investments

added: 04-10-2008

The current state of downbeat financial news is leading many consumers to shift toward a more conservative investment strategy, according to recent survey data, though a majority claims to be sticking with the same investing approach despite market conditions.

Fitch Downgrades Estonia, Latvia and Lithuania

added: 04-10-2008

itch Ratings has downgraded the Long-term foreign and local currency Issuer Default ratings (IDRs) and Country Ceilings of Estonia, Latvia and Lithuania by one notch. The Outlooks remain Negative.

EU Boosts National Efforts to Fight Poverty and Social Exclusion

added: 03-10-2008

The European Commission has put forward a set of common principles to help guide EU countries in their strategies to tackle poverty. The Recommendation is based around three key aspects: adequate income support, inclusive labour markets and access to quality services.

Volume of Retail Trade up by 0.3% in Euro Area in August 2008

added: 03-10-2008

In August 2008, compared with July 2008, the volume of retail trade rose by 0.3% in the euro area (EA15) and by 0.4% in the EU27. In July retail trade increased by 0.1% and 0.3% respectively. In August 2008, compared with August 2007, the retail sales index fell by 1.8% in the euro area and by 0.2% in the EU27.

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