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UK House Price Index in July 2007
added: 11-09-2007

The mix-adjusted average house price in the UK in July 2007 stood at £218,479, up from £214,222 in June 2007 (not seasonally adjusted).
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OECD Standardised Unemployment Rate Remains Stable at 5.4% in July 2007
added: 10-09-2007

The standardised unemployment rate for the OECD area was 5.4% in July 2007, the same as the previous month and 0.6 percentage point lower than a year earlier.
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US Jobs Shock Continues
added: 10-09-2007

The pressures on US jobs aren't going away. While August saw 4,000 jobs lost in the US, the first monthly jobs loss in four years, that's only part of the story.
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Euro Area MFI Interest Rate Statistics: July 2007
added: 10-09-2007

In July 2007 the large majority of euro area average MFI interest rates on new deposits and new loans were higher than in the previous month.
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US: Employment Situation in August
added: 10-09-2007

Nonfarm payroll employment was essentially unchanged (-4,000) in August, and the unemployment rate remained at 4.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Over the last 3 months, total payroll employment changes have averaged 44,000 per month and private sector employment changes have averaged 72,000 per month (as revised). In August, employment in manufacturing, construction, and local government education declined, while job growth continued in health care and food services.
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Total OPEC Output Dips 40,000 b/d to 30.46 mb/d in August
added: 10-09-2007

OPEC crude production fell by 40,000 barrels per day (b/d) in August, to 30.46 million b/d from 30.5 million b/d in July, mainly because of lower exports from Iraq, a Platts survey showed September 7.
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Canadian Internet Has a Ways to Go
added: 10-09-2007

If you like to drink redeye with Digby chicken followed by a Nanaimo bar, you are probably north of the US-Canada border. But online things get even stranger up there ...
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Employee Confidence Index Decreases 0.3 Points in August
added: 10-09-2007

For the first time since May, the confidence level of U.S. workers dipped slightly in August, according to a recent survey from Spherion Corporation. The Spherion(R) Employee Confidence Index, a monthly gauge of overall worker confidence, decreased by 0.3 to 58.5 points in August, compared to 56.7 one year ago.
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Fed Will Help Economy Avoid Worst of Crisis
added: 10-09-2007

"So much has happened since Mesirow Financial's Economics Group published its Mid-Year Economic Review on June 6, 2007 - credit market conditions tightened, more than 60 mortgage lenders went bankrupt, the European Central Bank and the Federal Reserve increased their repurchasing activities to buoy short-term borrowing in credit markets, fears of a recession intensified - all of which caused economists to revise their forecasts downward," says Diane Swonk, chief economist of Mesirow Financial.
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Bank Exposure To ABCP Is Manageable For Majority of Banks
added: 10-09-2007

Fitch Ratings said in a new report that while a number of banks have varying degrees of exposure to ABCP (asset-backed commercial paper) programmes, Fitch believes that for the majority of institutions, potential exposures are manageable, both from a funding and a capital perspective.
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