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The Economy.(A)
Consumer confidence to hold up,
Dallas Fed chief McTeer predicts
Dallas Federal Reserve President Robert McTeer said confidence will hold up "aslong as we keep doing what we have been doing." The Fed slashed key interest rates by a full point in January, citing falling confidence. McTeer, who is nota voting member of the Fed's rate-setting Federal Open Market Committee, favors a proposal by President Bush to partially privatize Social Security
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California leads in mass layoffs
Mass layoffs - more than 50 people from one place at a time - rose 77% year over year in December to 2,677, the Labor Department says. California saw the most mass layoffs among states at 534. The Midwest was the region with the highest number of mass layoffs - mostly in transportation equipment. The Northeast had the least. About 39% of the total layoffs occurred in the manufacturing sector as factories pulled back on production to meet slowed demand.
The Chicago Board of Trade's volume rose 34.8% in January from December. But itfell 8.3% from a year ago. Fed funds futures trading, an indicator of Fed policy, soared 196% year over year.
- Forecasts look promising for 2006: unemployment continues to drop despite...
- Magazine article from: Wood Digest Schulzinger, Jacob April 1, 2006 700+ words
...the previous five quarters. MASS LAYOFFS Mass layoffs have been on the rise during...16,656 people involved in mass layoffs compared with 6,328 in the...to stay. INTEREST RATES The Federal Reserve Board has been very active...
- Improving economy may be hard to see at this point: mass layoffs are...
- Magazine article from: Wood Digest Schulzinger, Jacob January 1, 2005 700+ words
...bleak, isn't it. Mass layoffs There's no question...employees were affected by mass layoffs as compared with about...reporting is that these are mass layoffs where in excess of...trade standpoint. The Federal Reserve Discount Rate and the...
- ECONOMIC QUAGMIRE MASS LAYOFFS SEND JOBLESS RATE TO 6.8 PERCENT.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) November 2, 1991 700+ words
...increased to 6.8 percent in October as mass layoffs hit factory and construction workers...Boston Co. President Bush pushed the Federal Reserve for a new cut in interest rates in...numbers that analysts expected the Federal Reserve to provide a new round of interest...
- Take the Road Less Traveled.(alternatives to mass layoffs)
- Magazine article from: HRMagazine Jossi, Frank July 1, 2001 700+ words
Rather than mass layoffs, employers are asking employees to take pay cuts, go on vacation...Princeton University's Alan Blinder, former vice chairman of the Federal Reserve Board, generally agree that most recessions last from 9 to 11...
- Is the Federal Reserve running out of options?(INDUSTRY OUTLOOK)
- Magazine article from: Wood Digest Schulzinger, Jacob July 1, 2006 700+ words
...the rate hikes imposed by the Federal Reserve Board, but I think they...the previous five quarters. MASS LAYOFFS Mass layoffs have shown a steady decrease...March. INTEREST RATES The Federal Reserve Board increased its Overnight...
- Summer Growth Was Weak, Federal Reserve Says.
- Newspaper article from: Knight Ridder/Tribune Business News September 12, 2002 700+ words
...Tribune Knight Ridder/Tribune Business News Sep. 12--The Federal Reserve said Wednesday that the U.S. economy grew weakly in late...trend in retail sector employment, but that there were no mass layoffs in any industry. For much of the Midwest, commercial vacancies...
- Mass Layoffs Come Down Hard on Kansas City, Mo., Area.
- Newspaper article from: Knight Ridder/Tribune Business News September 3, 2003 700+ words
...recorded the fewest job losses because of mass layoffs -- 4,845. Chicago topped the 50...450,000 jobs," the "Extended Mass Layoffs in 2002" report said. About half of...Manufacturing accounted for a third of all mass layoffs nationally. The Midwest metro areas...
- Mass layoffs declined in August.
- Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) September 21, 2007 700+ words
...Byline: Jane M. Von Bergen Sep. 21--Mass layoffs across the nation in August declined...Bureau of Labor Statistics said today. Mass layoffs are layoffs involving more than 50 people...In August, employers took 1,189 mass layoffs, affecting 118,120 workers, according...
