The Labor Department reported Friday that the nation’s unemployment rate was mostly unchanged, falling slightly to 9.4 % during  July. According to the latest government figures, 331,000 jobs were lost nationwide last month across a wide variety of industries. However, the current job loss figure is still significantly lower than the 645,000...

The impacts of the contraction are being felt in the airline industry, with employee cutbacks continuing to be a trend. This week, the Bureau of Transportation Statistics reported that in June, passenger airlines employed 6.3 %fewer worker than they did in June 2008. This was said to be the 12th consecutive year over year fall. The trend was said t...

Australia’s dollar may fall to the lowest level as implied volatility surges, according to technical analysts at Citigroup Inc. Implied volatility on 3-month Australian dollar-yen options is “on the cusp of a surge” as it faces resistance at a 76.4 % so-called Fibonacci retracement from its October peak of 53.31 %, wrote Citigroup analysts. ...

Commercial real estate values in the U.S. fell 27 % in the year through June and rents for offices, shops and warehouse space may continue to drop through 2010 . The Moody’s/REAL Commercial Property Price Indices fell 1 % in June and are down 36 % from their October 2007 peak, Moody’s Investors Service said in a report today. A rebound isn’t ...

Oil prices fell to about $71 a barrel Thursday on more evidence of consumer anxiety and also growing supplies of unused crude and natural gas. Benchmark crude for September delivery fell 97 cents to $71 a barrel on the NYME(New York Mercantile Exchange). In London, Brent prices fell 57 cents to $74.94 a barrel on the ICE Futures exchange. Crude has...

  Mortgage rates in the U.S. fell for the first time in three weeks, boosting the potential for further stabilization in the housing market. Lower rates may increase requirement for homes in the fourth year of the housing recession. New and existing-home sales get increased in June as falling prices and a government tax credit lured buyers. The S...

Prices of houses could rise by 20% from 2012 to 2014. The National Housing Federation said that prices will fall by 12.2/cent in total this year and 4.6/cent next year before 2011. Banks are lending and preventing first-time buyers and other low-come households from taking advantage from steep falls in house prices to get on the ladder. Whereas, ...