Breaking News
  • U.S. expands investigation into money laundering by foreign cash buyers

    The federal government revealed Wednesday that its investigation into foreign buyers using high-end U.S. real estate as a means to launder money found that potentially illicit activity is behind a "significant" portion of the cash transactions in Manhattan and Miami, and plans to expand the investigation into Los Angeles, San Francisco, and several other areas. Click the headline to read more.

Lending The Ticker

August job growth below expectations

169,000 new jobs added

hiring sign

According to Yahoo! Finance, the number of jobs created in August came in below consensus estimates at 169,000 positions, following a huge downward revision for the month of July, with filings dropping from 162,000 to 102,000.   

“The labor market is just bumping along at the bottom of a very deep hole,” Heidi Shierholz, economist at the Economic Policy Institute in Washington says. “We are adding jobs every month. In no way are we in a recession, but we are also not adding enough jobs to dig out of the hole that was caused by the great recession.”

Source: Yahoo! Finance
Reprints

Services Guide

Comments powered by Disqus