Content about Macroeconomics

June 1, 2012

Employers should not assume that their employment practices liability (EPL) insurance excludes any cost related to a wage and hour claim, according to Barry Buchman, an attorney with Gilbert LLP in Washington, D.C.

It is very common these days for an EPL policy to have an exclusion for claims arising under the Fair Labor Standards Act (FLSA), he acknowledged. This has been partly in reaction to the rise in FLSA litigation over the past 10 years.

March 9, 2012

Data released Friday morning by the Bureau of Labor statistics show the unemployment rate for February holding at 8.3%. 

The Employment Situation Summary shows employers added 227,000 jobs in the month, slightly more than expected, according to analyst forecasts. It was also the third straight month that employers added more than 200,000 jobs. 

The 8.3% unemployment rate was unchanged from January, but down from 8.9% in February 2011, and way down from 9.7% in February 2010.

February 13, 2012

Orlando, Fla. -- Federal Reserve Chairman Ben Bernanke, addressing a crowd of home builders on the last day of the International Builders' Show here, did his best to explain how low mortgage rates -- his chief weapon to stimulate the housing market -- have fallen short of their goals. But Bernanke’s speech before a crowd of more than 200 attendees was not an apologie; on the contrary, Bernanke seemed a little frustrated about a lack of action in other government and business sectors and seemed worried about the overall effect of the housing crisis on the general economy.

February 3, 2012

Total nonfarm payroll employment rose by 243,000 in January as the nation's unemployment rate declined to 8.3%, the Bureau of Labor Statistics reported Friday.

The better-than-expected jobs report produced an unemployment rate that is down 0.2 percentage points from December and down 0.8 percentage points since August. It's also the lowest rate in almost three years. 

January 16, 2012

Transcripts unsealed from a May 2006 meeting of the Federal Reserve indicate some concern about the housing bubble and the use of “exotic” mortgages by home buyers, according to a Jan. 13 article in the Wall Street Journal. But Fed Chairman Ben Bernanke described the slowdown of the housing market “a healthy thing” and an “orderly decline” that posed little threat to the U.S. economy.

January 6, 2012

More jobs than expected were created in December as the national unemployment rate fell to its lowest level since February 2009.

According to the Employment Situation Summary released today by the Bureau of Labor Statistics, nonfarm payroll rose by 200,000 in December, and the unemployment rate declined slightly to 8.5% -- down from a revised 8.7% in November.

Analysts and economists had expected about 150,000 new jobs in December. 

January 6, 2012

The Federal Reserve, in a Jan. 4 report sent to members of Congress who sit on banking committees, warned that mortgage lending standards are holding back the nation’s economy.  

The 26-page white paper was an unusual foray into the housing sector for an agency concerned primarily with monetary policy. But Federal Reserve Chairman Ben Bernanke stated: “Restoring the health of the housing market is a necessary part of a broader strategy for economic recovery.”  

December 2, 2011

The U.S. Bureau of Labor Statistics Friday morning reported the lowest national unemployment rate since March 2009. 

The November rate of 8.6% is down 0.4 percentage points from 9.0% in October. A year ago, the unemployment rate stood at 9.8%, according to the bureau.

The employment situation report showed that the private sector added 140,000 jobs, as employment rose in a number of service-providing industries. Government employment continued to trend down.

October 7, 2011

The U.S. Department of Labor reported that nonfarm payroll employment edged up by 103,000 jobs in September, but the unemployment rate stayed at 9.1%.

Construction was one of the areas cited for job gains, according to the employment situation summary, released Friday morning. Other areas were professional and business services and health care. 

June 3, 2011

The nation's unemployment rate in May increased to 9.1%, up from 9.0% in April, according to government data released Friday.

The number of unemployed persons remained essentially unchanged at about 13.9 million, the Bureau of Labor Statistics reported in its latest employment situation summary. Construction employment was essentially unchanged in May. Employment in the industry has shown little movement on net since early 2010, after having fallen sharply during the 2007-to-2009 period.

In May 2010, the nation's unemployment rate stood at 9.7%. 

May 6, 2011

The unemployment rate in April edged up to 9.0%, compared with 8.8% in March 2011.

Construction employment was about unchanged in April, according to Friday's report from the Bureau of Labor Statistics. This industry has shown little net movement since early 2010, after having fallen sharply during the prior three years.

Overall, the economy added 244,000 jobs in April, a higher gain than anticipated by analysts.

March 30, 2011

Canadian economists have expressed concerns about a correction in the housing market north of the U.S. border, where record borrowing, low interest rates and eager home buyers have created a building boom over the last several years.

January 31, 2011

Figures released by the U.S. Commerce Department on Jan. 31 showed a 7% increase in consumer spending in December 2010, compared with the previous month. This continues an upward trend: Personal expenditures also rose in November 2010 by 4%.

Personal income increased 4% for the second straight month in a row, according to the Bureau of Economic Analysis.

October 7, 2010

The U.S. unemployment rate remained unchanged in September at 9.6%, according to the U.S. Department...

September 6, 2010

The U.S. unemployment rate rose to 9.6% in August, up from 9.5% in July, according...

December 29, 2008

The Conference Board's measure of consumer confidence fell to 38.0, an all-time low. The Present...

December 17, 2008

After years of robust growth, the Canadian housing market has cooled off significantly, new data...

October 7, 2007

A lot of people were talking about the economy at the 11th Annual ProDealer Conference,...

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