A sharp falloff in local government payrolls, mostly at schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95,000 jobs and the unemployment rate remained at 9.6 percent.
In the last monthly employment report before the Nov. 2 midterm elections, which many see as a referendum on [...]
Posts Tagged ‘lower interest rates’
Economy shed 95,000 jobs in September
October 10th, 2010 by Financial Writer
Tags: Dow Jones Industrial, economic indicators, economists, economy activity, lower interest rates, unemployed americans, unemployment rate
more...Lower interest rates? Not in the (credit) cards
March 5th, 2010 by Financial Writer
It sounds like a victory for credit card users — a rule that would require banks to review any interest rate hikes every six months, and lower rates when appropriate.
Yet loopholes in the Federal Reserve’s latest proposal could let banks avoid rolling back rates in most cases.
To start, the proposal issued Wednesday wouldn’t require banks [...]
Tags: american bankers, banks, credit card users, credit cards, interest rate, lower interest rates