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Higher Percentage of Employees to Get Pay Raises as Pay Freeze Thaws

added: 08-07-2011

Salary increases are slowly trending upward toward pre-recession levels, according to the 38th Annual WorldatWork Salary Budget Survey. Participating organizations reported awarding at least some base salary increase to 88% of all employees in 2011 on average, compared to 86% of all employees in 2010, 80% in 2009 (all-time low), and 91% from 2006 to 2008. This year’s 88% figure shows not all organizations are fully recovered.

Bankrate: Mortgage Rates Hit a 2-Month High

added: 08-07-2011

Mortgage rates increased for the second week in a row, with the benchmark conforming 30-year fixed mortgage rate now 4.79 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and origination points.

Global Consumers Increasingly Polarized by Economic Conditions

added: 07-07-2011

American consumers are facing the double whammy of still feeling the effects of recession even as rising costs fuel inflationary worries. They are not alone in the world, though, according to GfK Roper Consulting's 2011 Mood of the World® Report, which is based on a global survey of more than 32,000 consumers, ages 15 and older in 25 countries.

OECD GDP Continued to Grow in the First Quarter of 2011

added: 07-07-2011

Real GDP in the OECD area grew by 0.5% in the first quarter of 2011. Although private consumption remained the main driver of growth in the OECD as a whole, its contribution to growth fell in nearly all major economies. At 0.2 percentage point, private consumption’s contribution to OECD growth fell to its lowest level since the second quarter of 2009. The fall in the contribution from private consumption was offset by a large swing in the contribution from inventories.

comScore Reports May 2011 U.S. Mobile Subscriber Market Share

added: 07-07-2011

comScore, Inc., a leader in measuring the digital world, released data from the comScore MobiLens service, reporting key trends in the U.S. mobile phone industry during the three month average period ending May 2011. The study surveyed more than 30,000 U.S. mobile subscribers and found Samsung to be the top handset manufacturer overall with 24.8 percent market share. Google Android led among smartphone platforms with 38.1 percent market share.

Euro Area MFI Interest Rate Statistics: May 2011

added: 07-07-2011

In May 2011 the most significant MFI interest rates on new deposits remained basically unchanged. MFI interest rates on smaller loans to non-financial corporations and new loans to households increased, while MFI interest rates on new loans to non-financial corporations of amounts higher than EUR 1 million showed uneven developments. MFI interest rates on new loans to sole proprietors and unincorporated partnerships increased.

Volume of Retail Trade Down by 1.1% in Both Euro Area and EU27

added: 06-07-2011

In May 2011, compared with April 2011, the volume of retail trade fell by 1.1% in both the euro area (EA17) and the EU27. In April retail trade rose by 0.7% and by 0.9 respectively.

OECD Annual Inflation Accelerates to 3.2% in May 2011

added: 06-07-2011

Consumer prices in the OECD area rose by 3.2% in the year to May 2011, compared with 2.9% in April - the highest rate since October 2008. This increase was mainly driven by a sharp acceleration of inflation in Canada (to 3.7% in May, up from 3.3% in April) and the United States (to 3.6%, up from 3.2%) with high food and energy prices being the main drivers.

Economic Activity in the Manufacturing Sector Expanded in June 2011

added: 06-07-2011

Economic activity in the manufacturing sector expanded in June for the 23rd consecutive month, and the overall economy grew for the 25th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

Industrial Producer Prices Down by 0.2% in Euro Area in May 2011

added: 05-07-2011

In May 2011 compared with April 2011, the industrial producer price index fell by 0.2% in the euro area (EA17) and by 0.3% in the EU27. In April prices increased by 0.9% and 1.0% respectively. In May 2011 compared with May 2010, industrial producer prices gained 6.2% in the euro area and 7.1% in the EU27.

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