Economic Recovery is Weak, According to Factory and US Housing Data
Recent economic reports show that US housing and factory activity is still weak. Due to a continuing backlog of foreclosed homes, sales of previously owned…
housing slump
Home Prices to Hit Another Low
Currently the housing market is about to experience what is known as a "double dip". That means that housing prices are about to hit another…
Unemployment up in 23 States
23 states saw an increase in their jobless rate last month. 43 states lost jobs in September while only 7 states saw an increase. Because…
California Unemployment Highest Since 1941
California's unemployment rate skyrocketed to 11.2% in March, the highest since before World War II. The national rate was 8.5%. The Employment Development Department says…
Berkshire Hathaway Will Cut More Jobs in 2009
Gazillionaire Warren Buffett's Berkshire Hathaway cut staff last year in half of its operating units, and says more job cuts are coming. The deepest cuts…
Fannie Mae Fires “Hundreds” in DC, Hires in Dallas
Fannie Mae, the mortgage-finance company now under direct Federal control, cut several hundred jobs today at its Washington headquarters as it adds workers elsewhere to…