News

Articles in "The Economy"

May 3, 2012 07:54 AM
Applications for jobless benefits decline

Fewer people applied for unemployment last week as the economy continued its slow recovery.

Seasonally adjusted initial jobless claims declined by 27,000 for the week ended April 28 to 365,000, down from the previous week's revised figure of 392,000.

The numbers take claims back to...

Read More
May 1, 2012 12:51 PM
Residential construction grows slightly in March

Residential construction spending rose modestly in March from February, but continued its trend of year-to-year growth.

The Commerce Department reported Tuesday that the seasonally adjusted annual measure rose 0.7% to $251.2 billion from $249.5 billion a month earlier....

Read More
April 27, 2012 08:30 AM
GDP report mixed for U.S. households

Real gross domestic product increased at an annual rate of 2.2% in the first quarter of 2012, according to the Bureau of Economic Analysis.

In the fourth quarter of 2011, real GDP increased 3%. Despite the slowdown, economist are still positive that the current economic...

Read More
April 26, 2012 09:12 AM
Mortgage rates hold near record lows

Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations.

The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday...

Read More
April 26, 2012 09:04 AM
Mortgage rates hold near record lows

Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations.

The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday...

Read More
April 26, 2012 07:48 AM
Jobless claims decline slightly: BLS

Jobless claims declined slightly, by 1,000 during the week ending April 21, according to the Bureau of Labor Statistics.

The slight change may suggest a cooling off of the economy recovery.

The advance figure for seasonally adjusted initial claims was 388,000, down...

Read More
April 24, 2012 10:04 AM
Consumer confidence takes slight dip for April

Consumer confidence fell for the second-straight month in April, according to The Conference Board, as people grew more pessimistic about economic expectations.

The index fell to 69.2 from a downwardly revised 69.5 for March. An initial report...

Read More
April 24, 2012 09:56 AM
Consumer confidence takes slight dip for April

Consumer confidence fell for the second-straight month in April, according to The Conference Board, as people grew more pessimistic about economic expectations.

The index fell to 69.2 from a downwardly revised 69.5 for March. An initial report...

Read More
April 23, 2012 09:46 AM
Americans more secure with debt, fear job losses

Americans today are more secure with their debt levels and net worth, but fear job losses and escalating gas prices, according to Bankrate.

The company released its Financial Security Index, which measures Americans' attitudes about their own financial situations. The...

Read More
April 23, 2012 08:23 AM
Americans more secure with debt, fear job losses

Americans today are more secure with their debt levels and net worth, but fear job losses and escalating gas prices, according to Bankrate.

The company released its Financial Security Index, which measures Americans' attitudes about their own financial situations. The...

Read More
April 23, 2012 05:00 AM
Monday Morning Cup of Coffee: MBIA trial just around the corner

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

The New York State Supreme Court Judge Barbara Kapnick held that a trial should begin on May 14 in the action brought against the New York Department of...

Read More
April 22, 2012 06:35 PM
Monday Morning Cup of Coffee: MBIA trial just around the corner

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

The New York State Supreme Court Judge Barbara Kapnick held that a trial should begin on May 14 in the action brought against the New York Department of...

Read More
April 22, 2012 11:15 PM
Employers optimistic as sales, profit margins rise

About 60% of employers surveyed by the National Association of Business Economics reported rising sales and 40% reported rising profit margins in NABE's April survey.

The numbers, significantly higher than the last survey conducted in January, indicate growing optimism...

Read More
April 20, 2012 10:35 AM
Regional, state unemployment rates hold steady

Thirty states recorded unemployment rate decreases in March from February while eight states posted rate increases, the U.S. Bureau of Labor Statistics reported Friday.

Another 12 states and the District of Columbia had no change.

Forty-nine states and the District...

Read More
April 20, 2012 10:11 AM
Regional, state unemployment rates hold steady

Thirty states recorded unemployment rate decreases in March from February while eight states posted rate increases, the U.S. Bureau of Labor Statistics reported Friday.

Another 12 states and the District of Columbia had no change.

Forty-nine states and the District...

Read More