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Consumer Corner: Foreclosure settlement no magic bullet for economy
WASHINGTON, July 3 (UPI) -- The official U.S. unemployment rate held at 5.5 percent in June but with the loss of 62,000 non-farm jobs, the government said.
Employment "continued to trend down" in construction, manufacturing and employment services, but gained in healthcare and mining, the Department of Labor said Thursday.
In June 2007, there were 7 million persons classified as unemployed, a number that has risen to 8.5 million, the report said.
The number of people who have lost jobs in the past five weeks decreased in June, but those losing jobs in the past 12 months has risen by 952,000, the report said.
Wages in June rose 0.3 percent, about 6 cents per hour, the report said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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