NEW YORK (CNNMoney.com) — Stocks rallied Thursday after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales.
The Dow Jones industrial average (INDU) gained 160 points, or 1.7%, almost three hours into the session, though that is off slightly from earlier highs. The S&P 500 (SPX) gained 14 points, [...]
Entries Tagged as ‘US Economic Research’
November 5, 2009
Stocks surge on jobless claims
November 4, 2009
Tennessee Industrial Jobs Down 12.6% Over Last 2 Years
EVANSTON, Ill., Nov. 2 /PRNewswire/ — /Manufacturers’ News, Inc./ –
Industrial employment in Tennessee fell 12.6% over the past twenty-four months according to the 2010 Tennessee Manufacturers Register, an industrial directory published annually by Manufacturers’ News, Inc. (MNI) Evanston, IL. MNI reports Tennessee lost 56,647 manufacturing jobs over the past two years, with 15,110 jobs [...]
August 31, 2009
Managers Plan Hires Over Next 12 Months
Managers are planning to hire workers to support both long- and short-term initiatives, as 53% of employers expect to hire full-time employees over the next 12 months. Meantime, 40% will hire contract, temporary or project professionals and 39% will add part-time employees, according to a new survey by Robert Half International and CareerBuilder.
“Companies already are [...]
August 6, 2009
U.S. Initial Jobless Claims Fall More Than Projected
The number of Americans filing claims for jobless benefits fell more than economists predicted, a sign some employers have stopped paring staff as the recession eases.
Applications dropped by 38,000 to 550,000 in the week ended Aug. 1, figures from the Labor Department showed today in Washington, marking the fifth consecutive week of fewer than [...]
August 6, 2009
After unemployment, many men struggle with new family role
Scott Winter was prepared for about three months of unemployment when a publishing house laid him off in March.
With his severance pay and unemployment benefits, plus his wife’s salary from a teaching assistant job, the Franklin family of four was making it, at first. Now, he’s beginning to panic.
“What I did defined me…,” said Winter, [...]
July 30, 2009
Economy Stabilizing but Charlotte Region ‘Weak’
The economy is showing signs of stabilizing in some regions of the country – especially in parts of the Northeast and Midwest – bolstering hopes of a broader-based recovery this year.
Economic conditions in the Richmond, Va., district, which includes the Carolinas, however, remain “weak.”
A Federal Reserve snapshot of economic conditions issued Wednesday found that [...]
May 27, 2009
Economists see modest rebound in 3Q
A panel of 45 U.S. economists expects a “modest” economic rebound to begin in the second half of 2009, picking up steam in 2010.
According to the National Association for Business Economics, “The panel … (predicts) positive, albeit modest, growth in the third quarter, followed by steady improvement thereafter. On the whole, however, the economic rebound [...]
May 18, 2009
Survey: Small businesses optimistic
Small businesses worldwide remain optimistic about their long-term prospects despite the economic downturn, according to a survey conducted in April by the Economist Intelligence Unit.
According to the survey, 83 percent of small-business executives are optimistic about their company’s long-term ability to rebound when the economy improves. About 65 percent expect their company’s market share to [...]
May 13, 2009
Department of Energy is Major Player in Tennessee Economy
KNOXVILLE – The Department of Energy (DOE) continues to be a major force in the state’s economy with its offices and laboratories attracting a well-educated workforce, providing more than 12,000 jobs and paying an average salary significantly higher than the state average.
UT’s Center for Business and Economic Research (CBER) recently completed an in-depth analysis of [...]
May 10, 2009
UT report: ‘Tidbits of good news’ on economy
KNOXVILLE — Although economic conditions for the state and nation remain dire, there are early indications that a slow turnaround may be coming.
That’s the cautious optimism expressed in the spring update to the 2009 Economic Report to the Governor, prepared for Gov. Phil Bredesen by the Center for Business and Economic Research (CBER) at the [...]
