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Half of Workers Who Were Laid Off in the Last Three Months Found Jobs

added: 08-04-2009

Despite it being one of the most challenging hiring environments in the nation's history, 41 percent of workers who were laid off from full-time jobs in the last three months reported they found a new full-time, permanent position while another 8 percent found part-time work. This is according to a survey from CareerBuilder that included 807 workers who were laid off from full-time jobs within the last 12 months.

With Affordability Up, Home Buyers Are Starting to Return to the Market

added: 08-04-2009

Thanks to record low mortgage rates and declining home prices, 55 million families – or half of all U.S. households – can afford today's $200,000 median-priced new home, according to figures released by the National Association of Home Builders (NAHB).

Many Employees and Employers Out of Synch on Range of Retirement Issues

added: 08-04-2009

At a time in our country’s history when alignment of retirement issues between employers and their employees is becoming increasingly important, findings from MetLife’s 7th Annual Employee Benefits Trends Study highlight the fact that the two groups are out of synch on some key retirement issues ranging from advice to income. The annual study found that many employees and employers see the retirement landscape quite differently, with a gap between what employees are seeking and what employers are currently willing to offer.

Fitch: Debt Relief Orders Unlikely to Have Major Impact on UK Credit Card ABS Ratings

added: 08-04-2009

Fitch Ratings says it does not expect the introduction of debt relief orders (DROs) in the UK to have an immediate impact on its ratings of UK credit card ABS transactions but reiterates its Negative Outlook for the sector in light of wider economic factors.

The Conference Board Leading Economic Index™ (LEI) for Japan Decreased 5.4 Percent in February 2009

added: 08-04-2009

The Conference Board Leading Economic Index™ (LEI) for Japan decreased 5.4 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 1.9 percent in February.

Economic Turmoil Changing the Way 401(k) Investors Think About Retirement Needs

added: 08-04-2009

Barclays Global Investors, N.A. (BGI), one of the world's largest asset managers, released the results of a comprehensive survey showing how the ongoing economic downturn is eroding the retirement confidence of 401(k) participants. Notably, the survey indicates that participants give equal importance to guaranteed retirement income and to covering their health care costs when it comes to improving retirement confidence.

US Job Openings and Labor Turnover in February 2009

added: 08-04-2009

On the last business day of February, there were 3.0 million job openings in the United States, and the job openings rate was 2.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

30-Year Mortgages Stay Low and Stable

added: 08-04-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained stable for the third consecutive week at 5.08 percent, down slightly from 5.09 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

Executives See Big Spike in Downsizing in 2009

added: 08-04-2009

Companies worldwide seem poised to wring out large numbers of additional jobs from the global economy in 2009; this according to the 12th edition of Bain & Company’s Management Tools & Trends survey. Fifty-nine percent of the 1,430 executives interviewed globally said they plan to downsize in 2009, up from the 34% who conducted layoffs in 2008. Only 37% of executives reported that their companies did not downsize in 2008 nor plan to in 2009.

Euro Area MFI Interest Rate Statistics: February 2009

added: 08-04-2009

In February 2009 almost all the average MFI interest rates on new deposits and new loans were substantially lower than in the previous month.

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