Business
Average Federal Tax Refund: $2,803
MCLEAN, Va. (UPI) — The average federal tax refund this year will be $2,803 and 35 percent of U.S. adults say they plan to spend all or part of theirs, a survey indicates. For the third year in a row, Capital One Bank’s annual Taxes and Savings Survey found that most Americans — 85 percent […]
Unemployment Ticks Down To 7.7 Percent
WASHINGTON (UPI) — The U.S. unemployment rate dropped to 7.7 percent in February on a gain of 236,000 jobs, the Labor Department’s Bureau of Labor Statistics reported Friday. The rate matches the figure from November of last year, which was the lowest jobless rate since December 2008. Economists had expected the February rate to remain […]
Wholesale Inventories Rise, Sales Slip
WASHINGTON (UPI) — U.S. wholesale inventories rose by 1.2 percent in January to a seasonally adjusted $504.4 billion, the U.S. Census Bureau said Friday. Inventories were up 6.5 percent from January 2012 levels, the bureau said. Wholesale sales slipped 0.8 percent to $415.4 billion in January. Sales were still up 3 percent compared to January […]
Global Growth In Manufacturing Slows Down
NEW YORK (UPI) — A United Nations report said Friday that global manufacturing slowed to 1.2 percent growth in the fourth quarter of 2012 due in part to the recession in Europe. Manufacturing growth from the fourth quarter of 2012 compared to the same period in 2011 was the lowest annual growth rate in the […]
Senator Asks Why Bankers Aren’t Jailed
WASHINGTON (UPI) — Sen. Elizabeth Warren, D-Mass., said she would like to know why more money-laundering bankers do not spend time in jail. “If you’re caught with an ounce of cocaine, chances are good you’re going to jail. If it happens repeatedly, you may go to jail for the rest of your life,” Warren said […]
Job Cut Announcements Rose In February
CHICAGO (UPI) — U.S. outplacement firm Challenger, Gray & Christmas said planned job cuts rose 37 percent from January to February. There were 40,430 job cuts announced in January and 55,356 announced in February, the consulting firm said, noting it was the second consecutive month of increases. February’s announced layoffs was also 7 percent higher […]
Trade Gap Rose In January
WASHINGTON (UPI) — The U.S. trade deficit rose to $44.4 billion in January, up from $38.1 billion in December, the Bureau of Economic Analysis said Thursday. December’s trade gap was revised from $38.5 billion to $38.1 billion, the bureau said. Exports in January fell by $2.2 billion from December’s export total of $186.6 billion. Imports […]
Mortgage Rates Little Changed In Week
WASHINGTON (UPI) — Long-term U.S. mortgage rates were little changed in the week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year, fixed-rate mortgages rose from 3.51 percent with an average 0.7 point to 3.52 percent, Freddie Mac said. Rates for 15-year contracts were unchanged at 2.76 percent with an average 0.7 point. […]
Gallup: No Growth In Full-Time Job Numbers
WASHINGTON (UPI) — There has been no growth in the number of people working full-time for U.S. employers during the past 12 months, a Gallup survey issued Thursday indicated. The Payroll to Population Index measured the percentage of adults age 18 or older who work at least 30 hours per week for employers — and […]
Law Schools Launching Clinics Of Their Own
TUCSON (UPI) — Several U.S. law school administrators said launching their own school-based law firms would help unemployed graduates and low income clients simultaneously. The New York Times reported Thursday that a trend is developing among law schools that are starting incubator law firms that allow graduates who cannot find work to get a job […]
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