The Thomson Reuters/University of Michigan survey found that consumer sentiment slipped to 67.9 in October from 68.2 in September, as Americans continued to be reluctant about purchasing decisions amid uncertain income gains.
…
Initial jobless claims unexpectedly rose 13,000 to 462,000, but continuing claims plunged another 112,000 to 4.4 million, the Labor Department announced Thursday. Some of the decline in continuing claims comes from people who have exhausted their benef…
Introducing a value-added tax would cost the American economy 850,000 jobs in its first year, according to the National Retail Federation.
Policymakers are considering a VAT as a possible way to reduce the federal deficit, which is currently at its highest as a share of GDP since World War II.
The new tax would be bad news for retailers across the country, as it would raise the…
Continue reading VAT Would Put 850,000 People Out of Work: Industry Group
VAT Would Put 850,000 People Out of Work: Industry Group originally appeared on DailyFinance on Thu, 14 Oct 2010 07:07:00.
Filed Under: Company News, Taxes, Retail
British unemployment claims rose by the most in eight months in September as the economic recovery slowed.
Jobless benefits claims rose by 5,300 to 1.47 million, Bloomberg News reported.
Consumer confidence touched an 18-month low in September as the public readied for the coalition government’s spending cuts.
“Unemployment is still on a rising trend. The fall in consumer confidence…
Continue reading UK Unemployment Rises Most in Eight Months
UK Unemployment Rises Most in Eight Months originally appeared on DailyFinance on Wed, 13 Oct 2010 06:34:00.
The U.S. dollar traded near an eight-month low against the euro on bets that the Federal Reserve will signal it is willing to buy more government debt in order to stimulate the economy.
The U.S. dollar traded at $1.3940 per euro as of 11:08 a.m. in London, Bloomberg News reported. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28.
Weak…
Continue reading U.S. Dollar Trades Near 8-Month Low on Fed Bets
U.S. Dollar Trades Near 8-Month Low on Fed Bets originally appeared on DailyFinance on Mon, 11 Oct 2010 08:09:00.
Filed Under: Economy, People, Investing, Credit, Currency, Market News