Published: August 27, 2010
Tags: economy, Fed, home builders, housing starts, jobs, mortgage, recession
By ALAN ZIBEL and
CHRISTOPHER S. RUGABER
AP Business Writers
WASHINGTON (AP) — The jobs crisis is putting more Americans at risk of losing their homes.
One in 10 households has missed at least one mortgage payment, and more than 2 million homes have been repossessed since the recession began. Few expect the outlook to improve until companies [...]
Published: August 25, 2010
Tags: Commerce Department, economy, jobs, new home sales, recession
By ALAN ZIBEL and DANIEL WAGNER
AP Business Writers
WASHINGTON (AP) — The economic recovery appears to be stalling as companies cut back last month on their investments in equipment and machines and Americans bought new homes at the weakest pace in decades.
Overall orders for big-ticket manufactured goods increased 0.3 percent in July, the Commerce Department [...]
Published: August 20, 2010
Tags: jobs, recession, unemployment, Wisconsin Economic Outlook
MADISON, Wis. (AP) — A new economic forecast says there has been more hiring in 2010 than once expected, but employment won’t return to pre-recession levels in Wisconsin until 2013.
The quarterly Wisconsin Economic Outlook from the state revenue department was released Friday.
According to the report, the state had been forecast to add 20,150 jobs in [...]
Published: August 19, 2010
Tags: jobless, jobs, Labor Department, recession, unemployment
By CHRISTOPHER S. RUGABER
AP Economics Writer
WASHINGTON (AP) — Employers appear to be laying off workers again as applications for unemployment insurance reached the half-million mark last week for the first time since November.
Initial claims for jobless benefits rose by 12,000 last week to 500,000, the Labor Department said Thursday. It was the fourth increase in [...]
Published: August 18, 2010
Tags: Community Advocates, Economic Development Corp., homeless, Joe Volk, Jorgensen, Milwaukee, recession, Redevelopment Authority of the City of Milwaukee, Scherer, VJS Construction Services
By Marie Rohde
The bad news is business is booming for Community Advocates, a Milwaukee nonprofit organization that helps the homeless.
The good news is the recession that put people out of their homes also positioned the group to buy a downtown Milwaukee building that otherwise would have been unaffordable.
Community Advocates bought the long-vacant building at 728 [...]
Published: August 17, 2010
Tags: builders, building permits, Commerce Department, economy, home builders, housing market, Labor Department, National Association of Home Builders, recession
By
MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) — A weak housing market received a tiny boost from apartment construction last month. But the overall outlook remained dim as applications for building permits fell to the lowest level in 14 months.
Construction of new homes and apartments rose 1.7 percent last month, the Commerce Department said Tuesday. Driving [...]
Published: August 12, 2010
Tags: economy, jobless benefits, jobs, recession, unemployment
By
CHRISTOPHER S. RUGABER
AP Economics Writer
WASHINGTON (AP) — The employment picture is looking bleaker as applications for jobless benefits rose last week to the highest level in almost six months.
It’s a sign that hiring is weak and employers are still cutting their staffs.
First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted [...]
Published: August 3, 2010
Tags: Capital Economics, Commerce Department, consumer spending, economy, Fed, Federal Reserve, income, inflation, jobs, recession, unemployment
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) — Consumers did not boost their spending in June and their incomes failed to increase, further evidence that the economic recovery slowed in the spring. And Americans saved at the highest rate in nearly a year.
Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the [...]
Published: July 30, 2010
Tags: Commerce Department, consumer spending, economy, Fed, Federal Reserve, jobs, recession
By
JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) — The recovery is losing so much momentum that employers are unlikely to step up hiring anytime this year, and unemployment could return to double digits.
That was the bleak conclusion of analysts Friday after the government said economic growth crawled at a 2.4 percent pace in the spring. It [...]
Published: June 7, 2010
Tags: jobs, recession, unemployment
By ALLEN G. BREED and RICH MATTHEWS
Associated Press Writers
PROSPER, Texas (AP) — Advised by a Walgreens superior that a promotion was “very highly likely” if he transferred to the drugstore chain’s Dallas division, Chris Cummings uprooted his family and bought a spacious house in this hopefully named suburb.
“The sky’s the [...]
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