Day: April 17, 2012

The Recession of 2007-2009

A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold—these are all characteristics of a recession. According to the National Bureau of Economic Research, there were 10 recessions between 1948 and 2011. The most recent recession began in December 2007 and…

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How do U.S. expenditures compare with those of other countries?

In Japan, consumers spent more than 17% of every yen on groceries, twice the 8.6% of every dollar that Americans spent. In the United States, households spent over 7 cents of every dollar on health care, compared with just 1.4 pence of every pound in the United Kingdom. This article compares how consumers in the…

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Highest Paying and Fastest Growing Occupations in the U.S.

In its 2012-2013 Occupational Outlook Handbook, the U.S. Department of Labor’s Bureau of Labor Statistics published data on the highest paying as well as the fastest growing occupations in the U.S. in 2010. To read about the 20 occupations with the highest median annual pay in 2010, please click on the following link: Highest Paying…

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How to Take Advantage of the Home Price/Rent Gap

Home prices remain low while the cost to rent is high. For investors who can take advantage of this gap, there is a lot of money to be made. It could reach above $100 billion during this year alone, according to a new report by the real-estate-data firm CoreLogic. Read the full report: How to…

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Weekly Earnings of Wage and Salary Workers – First Quarter 2012

The Bureau of Labor Statistics reported that median weekly earnings of the nation’s 100.8 million full-time wage and salary workers were $769 in the first quarter of 2012. This was 1.9% higher than a year earlier. Read the full release: Weekly Earnings of Wage and Salary Workers – First Quarter 2012 SHARE THIS POST

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Home Construction Declines

According to the Department of Commerce, U.S. home building fell in March but new permits reached their highest level since September 2008. Home construction decreased by 5.8% from February to a seasonally adjusted annual rate of over 650,000. It was the second straight monthly decrease. Read the full article: Home Construction Declines SHARE THIS POST

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Euro-Zone Exports Boost Growth Hopes

A fourth consecutive increase in Euro-zone exports took the region’s trade balance into surplus in February, bolstering hopes that economic contraction will be short lived. According to Eurostat, the 17-nation currency bloc had a combined trade surplus of €2.8 billion ($3.66 billion) in February, compared with a €7.9 billion deficit in January and a €2.8…

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Retail Sales Increase

The Department of Commerce has reported that retail and food-service sales rose by 0.8% from February to a seasonally adjusted $411.07 billion. Sales were up by 6.5% year-to-year. Americans spent more on home improvement, gasoline, cars, and electronics in March, an indication of steady consumer confidence despite some mixed economic signals. Read the full article:…

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2012 Mid-Year Economic Update Breakfast

Join us for breakfast and a mid-year update on the local and national economy, along with a special demographics presentation from the SABÉR Research Institute. The event will take place on Thursday, June 28 beginning at 7:30 a.m. at the Plaza Club located at 100 W. Houston St. on the 21st floor of the Frost…

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