Pending Home Sales Unexpectedly Fall – Bloomberg Copper Extends Declines – Bloomberg Jobless Claims Fall to 469,000 – Business Week Retail Fared Better in February – Wall Street Journal M&A Activity Highest Since 2008 – CNBC Greece Starts 10-Yr Bond Sale – Bloomberg Greece’s Epic Battle Against Debt – CNBC Market Bubbles Might Not Be [...]

It’s no mystery that the job market has been in a slump. With unemployment hovering near 10 percent, the economy continues to suffer from the decrease in consumer spending. Although nationwide unemployment is near 10 percent, the unemployment rate differs city-to-city. Here’s an interesting breakdown of unemployment by city. Click the image below to see [...]

Interesting blog post today from the Enterprise Blog. Despite all the references we’ve had to this being the biggest downturn since the Great Depression, many are overlooking the harsh economic conditions of the early 1980s. Here’s an interesting chart that compares today’s economic indicators with those in the early 1980s. (click to enlarge)

Retail Sales Dip Unexpectedly – Yahoo Finance Jobless Claims Rise Unexpectedly – RealClearMarkets Foreclosures Set a Record High – Bloomberg Gold Gains as Dollar Declines – Bloomberg Dollar Down in Volatile Market – Wall Street Journal Fed Shows a Little Optimism – CNN Money A ‘Jobless’ and ‘Wageless’ Recovery? – Nouriel Roubini, Forbes An Anti-Greenspan [...]

The unemployment rate fell to 9.4 percent in July, according to the Labor Department today. The report showed that the economy shed a less-than-expected 247,000 jobs in July, compared to the 443,000 loss in June. The fall in the unemployment rate (previously 9.5 percent) was unexpected and the stock market rallied at the open. Of [...]