News Tag: factory orders
March 5, 2010
The Labor Department has today revealed the US unemployment rate remained unchanged at 9.7% in February and lower than the 10% rate reported in December.
According to the Labor Department, employers cut 36,000 jobs last month - fewer than the 50,000 analysts had been expecting and compares to a revised 26,000 job cuts in January.
In the meantime, since the onset ...
US unemployment rate holds steady at 9.7%
by Kay Murchie
US home sales in surprise fall in January
by Kay Murchie
January 5, 2010
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell sharply by 16% in November to 96.0 from 114.1 in October, ending a nine-month rise.
The NAR attributed the fall on the end of a rush to beat the original expiration of the $8,000 tax credit for first-time buyers. The tax credit had been due ...
US Pending Home Sales Index falls sharply in November
by Kay Murchie
December 4, 2009
Figures published today by the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October.
Figures show that US employers cut the lowest number of jobs during the month since the onset of the recession two years ago.
The world’s largest economy lost only 11,000 jobs ...
US unemployment rate falls in November
by Kay Murchie
July 22, 2009
Figures released by the Confederation of British Industry (CBI) today revealed a significant fall in manufacturing orders in July.
According to the CBI, orders fell at their fastest rate since January 1992, raising new concerns about the state of the economy.
In its quarterly health check of industry, the CBI found that in the three months to July, 43% of ...
Decline in factory orders raises fears about economy
by Kay Murchie
January 30, 2009
Official figures from the Commerce Department have revealed that the world’s largest economy contracted at its sharpest rate in over 26 years in the last three months of 2008.
The figures show that US economic output plummeted 3.8%, the worst quarterly contraction since 1982, when output fell by 6.4%. While the figure was not as bad as analysts had ...
US heads for deepening recession as economy slows further
by Kay Murchie
