jobs
A Record 533,000 Jobs Lost in November
12.05.08 – A Record 533,000 jobs vanished in November, bringing the total number of jobs lost to 1.87 million since the recession officially began last December. This marks 11th consecutive monthly decline, bringing the unemployment rate to 6.7 percent. (November’s whopping decline was the largest since 1974.)
Six Months of Job Losses and the Credit Bubble
Poof! That was the sound of approximately 62,000 jobs vanishing from the U.S. economy last month. June marks the sixth straight month of job losses. As for the month of May’s half percentage point spike in the unemployment rate to 5.5 percent – it stayed the same for June as well. Whaddya know? That huge [...]
Take my house, please!
The housing market has been cooling off as of late. The sale of single-family homes declined 5 percent from June to July, and are off 11.4 percent from a year ago. Although the national median home price rose 1.5 percent over the past twelve months, there are signs that the frothiest coastal markets are [...]
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