For more recent articles relating to economy, click here (updaed 8/7/08). From the Boston Globe “If oil prices stay at $100 a barrel, gasoline prices could rise to $4 a gallon, sucking about $100 billion from the US economy – about the same amount as the stimulus [package] would put into consumers’ hands.” “Nothing’s more difficult [...]
Filed under: Construction economy, Economy | Leave a Comment »
11/18/08 – Over the last month or so there has been too much news on this subject to cover on this post. Here are previous updates that seem mild compared to recent events. Banks may have write down untold billions due to new accounting rule (10/10/08) Fed Leaves Key Interest Rate Unchanged (9/16/08) The Federal [...]
Filed under: Bank Credit, Economy | Leave a Comment »
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) Nov. 2 reported that nonfarm payroll employment grew by 166,000 in October, increasing from the seasonally adjusted September rate of 138.25 million to 138.42 million. Additionally, BLS reported that construction industry employment dropped by 5,000 jobs in October, after declining by 14,000 in September and [...]
Filed under: Economy | Leave a Comment »
Filed under: Bank Credit, Economy | 1 Comment »
