New Jobless Claims Continue to Slow
The number of people filing for unemployment benefits for the first time decreased last week from the previous week, according to a report released today by the Labor Department. In the week ending October 3,…
Mary Tomkins
Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
Unemployment Rate 9.8% for September
The job outlook remains poor as employment continued to decline for the month of September, according to a report released by the U.S. Labor Department on Friday. The largest losses were in construction, manufacturing, retail…
Pending Home Sales Up for Seventh Straight Month
Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to a report released on Thursday by the National Association of Realtors. The…
Consumer Delinquencies on the Rise
Consumer delinquencies are hitting record levels as continued job losses, shorter work weeks, and falling incomes take their toll on consumer’s ability to pay their debts on time, according to a report released Thursday by…
Ken Lewis to Retire from BofA at Year’s End
Ken Lewis, chief executive officer and president of Bank of America, announced today that he plans to retire effective December 31, 2009 after forty years of service to one of the world’s largest financial institutions.…
Over Half of Consumers Pay No Monthly Fees for Banking Services
While the average consumer may gripe about the interest charges on a typical credit card balance, it appears we’re getting a pretty good deal on other banking services. According to a recent survey by the…
Consumer Confidence Dips in September
Consumers’ confidence in the present economic situation dipped in September after some improvement in August, according to a report released today by the Conference Board. The Conference Board Consumer Confidence Index stands at 53.1, down…
Texas Leads with Largest Drop in New Jobless Claims
Initial claims for unemployment benefits for the week ending September 19 both decreased and increased, depending on whether we are comparing “seasonally-adjusted” or “unadjusted data,” according to a report released Friday by the U.S. Labor…
August Existing Home Sales Decline After Four-Month Gain
The pace of existing-home sales declined last month after four months of strong gains but still remained above what it was a year ago, according to a report released Thursday by the National Association of…
Bankers Concerned with Meeting Requirements of New Regulations
The American Bankers Association testified on Thursday about the impact that the economic situation and current regulatory environment are having on small business lending. Austin Roberts, III, president and CEO of Bank of Lancaster in…