Category Archives: Economy

Amy Hoak’s Home Economics

By: Amy Hoak Jumbo mortgage rates experienced a jumbo hike when the meltdown in the mortgage market caused funding for these bigger loans to dry up. Slowly, rates have fallen, as banks have been more willing to fund the loans … Continue reading

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Jobs up 290,000; jobless rate rises to 9.9 pct

More confident U.S. employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as Americans streamed back into the market looking for work. The hiring of 66,000 … Continue reading

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US employment falls

WASHINGTON – UNITED States private payrolls rose less than expected last month and overall employment fell for the first time this year as thousands of temporary census jobs ended, showing the economic recovery is failing to gain traction. Private hiring … Continue reading

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Obama signs Iran sanctions

WASHINGTON – PRESIDENT Barack Obama warned Iran on Thursday it faced mounting pressure and isolation, as he signed tough new US sanctions he said would strike at Teheran’s capacity to finance its nuclear programme. The measures, on top of new … Continue reading

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Skilled vacancies fall 0.3% in June

Skilled job vacancies fell 0.3 per cent in June compared to a month earlier, national data shows. The Department of Education, Employment and Workplace Relations skilled vacancies index in June was 45.6 points, 22 per cent higher than in June … Continue reading

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Does Killing Unemployment Benefits Kill The Economy?

The House of Representatives failed to pass a bill to extend unemployment benefits for out-of-work Americans until November. The number of people that would be covered is over a 1.5 and increases by at least 100,00o a month. About 5.2 million people get federal unemployment benefits now. Continue reading

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The Twenty Most Productive Nations In The World

24/7 Wall St. decided to find the most productive countries in the world. 24/7 elected to use GDP per capita as the measurement and the International Monetary Fund as the source for the data. Continue reading

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