Claims for New US Unemployment Benefits Surge
The US Labor Department reported today that new claims for unemployment insurance jumped to 654,000 for the week eclipsing last week’s total of 639,000. Over 5.3 million Americans now receive unemployment benefits. More
Retail Sales in US Fall by 0.1%
The US Commerce Department announced today that retail sales for February fell by 0.1 percent. This is less than projected and analysts say that the recent rise in gasoline prices helped inflate the monthly results. More
Germany’s Industrial Output Drops 7.5%
Industrial output for Germany dropped by a whopping 7.5 percent for the month of January. This is the worst single-month drop Europe’s largest economy has faced and continued weak demand for exports suggests that Germany’s economy will continue to suffer for the remainder of the year at least. More
Foreclosures Increase by 30% in February
Foreclosure proceedings against US homeowners during the month of February increased by 30 percent over the same month last year. This also represents a 6 percent increase in foreclosures from January 2009. More
