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IT Employee Confidence Index Rebounds in Second Quarter of 2009

added: 24-07-2009

The IT Employee Confidence Index increased 6.1 points to 45.8 in the second quarter of 2009, according to a recent survey commissioned by Technisource((R)), the technology placement division of Spherion Corporation.

Economic Recovery Funds Help Feed the Nation's Hungry

added: 24-07-2009

Funding from the American Reinvestment and Recovery Act has significantly increased the amount of food purchased by the U.S. Department of Agriculture for distribution to food banks throughout the nation, in an effort to support the growing needs of the nation's hungry, many of whom are accessing emergency food assistance for the first time.

Bankrate: Mortgage Rates Inch Lower

added: 24-07-2009

The average 30-year fixed mortgage rate continued to move lower, coming in at 5.55 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.

International Venture Capital Investment Continues Decline, Down 63% in Q2

added: 23-07-2009

Venture capital investments in the international markets continued to slow in the second quarter of 2009, according to new global data from industry tracker Dow Jones VentureSource. Investors put $1.46 billion to work in 250 deals for emerging companies in Europe, Canada, Israel, China and India in the second quarter, less than the $1.99 billion invested in the first quarter of 2009 and down 63% from the $3.95 billion invested in 452 deals during the second quarter last year. This marks the lowest non-U.S. quarterly investment total since at least the height of the tech boom fallout in 2003.

Five Million Young People Unemployed in the EU27 in the First Quarter 2009

added: 23-07-2009

After three years of decline, the EU unemployment rate started to rise in the first quarter of 2008 in the wake of the economic crisis. Since then the unemployment rate, especially for young people, has increased sharply in the EU.

Emerging East Asia Entering Transition from Recession to Recovery

added: 23-07-2009

Although economic growth is continuing to slow this year, emerging East Asia has already entered the transition from recession to recovery, says the July issue of the Asia Economic Monitor.

EU27 Current Account Deficit 58.2 bn Euro in the First Quarter of 2009

added: 23-07-2009

According to the latest revisions, the EU27 external current account recorded a deficit of 58.2 billion euro in the first quarter of 2009, compared with a deficit of 46.2 bn in the first quarter of 2008 and a deficit of 68.3 bn in the fourth quarter of 2008.

Gas Price Impact on Demand for Economy Cars Not as Strong as Expected

added: 23-07-2009

An analysis of vehicle sales and gas prices by Experian Automotive has found that while higher gas prices may create an immediate demand for small cars, this demand is not sustained, as many might think. Measuring vehicle sales against the erratic fluctuations in gas prices in 2008 and early 2009, Experian Automotive's research showed that as fast as market share for vehicles in the Small Car - Economy class escalated, it normalized just as quickly - even as gas prices remained 25 percent higher than at the beginning of the year.

Mature Job Seekers Considering Entry-Level Jobs, Internships, Relocation and Starting Their Own Business

added: 23-07-2009

In a market shaped by mass job loss, mature workers are a critical workforce segment that has been hit particularly hard. Twenty-eight percent of workers age 55 and older who were laid off in the last 12 months found new jobs, the lowest of all age groups. This compares to 71 percent of those ages 25 to 34. A new study from CareerBuilder shows mature workers are expanding their job search to include entry-level positions, internships, relocation and other options to secure gainful employment - and employers are open to it.

China's Oil Demand Rises Again in June 2009, Establishing New Growth Phase

added: 23-07-2009

China consumed 33.35 million metric tons of crude oil in June, which was up nearly 2.6% from the corresponding month of 2008, and the third month in a row to register a year-on-year increase in demand, a Platts analysis of official data showed July 22.

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