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IRS Conducts Identity Theft Sweep

WASHINGTON, Jan. 31 (UPI) — The Internal Revenue Service said Tuesday refunds to some early U.S. tax filers may be delayed in a bid to crack down on identity theft and refund fraud. Last week, the IRS and the Justice Department conducted a nationwide sweep that resulted in 58 arrests. The IRS said it has […]

Private Sector Adds 170,000 Jobs In January

ROSELAND, N.J., Feb. 1 (UPI) — Payroll firm Automatic Data Processing Inc. said the U.S. economy added 170,000 private sector jobs in January, in line with economists’ expectations. Economists predicted a slightly higher figure, forecasting there would be 185,000 jobs added in the month. ADP also said Tuesday December’s gain was not as high as […]

Eurozone Manufacturing Slowed In January

LONDON, Feb. 1 (UPI) — Manufacturing activity in the eurozone contracted in January for the fifth consecutive month, research firm Markit Economics said Wednesday. There was a silver lining in the report. Manufacturing activity declined in the 17-nation currency region, but not as sharply as in December, Markit said. Markit said the Purchasing Managers Index […]

Mortgage Activity Slows Slightly

WASHINGTON, Feb. 1 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell 2.9 percent in the week ending Friday, although long-term interest rates also fell slightly. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.11 percent to 4.09 percent with average points falling from 0.47 to 0.41. Rates for 15-year, fixed-rate contracts […]

Construction Spending Rose In December

WASHINGTON, Feb. 1 (UPI) — Construction spending for December rose 1.5 percent above November, but fell 2 percent in 2011 compared to 2010, the U.S. Census Bureau reported Wednesday. Spending on private and public projects for November reached a seasonally adjusted annual rate of $816.4 billion, the monthly construction spending report said. For the year, […]

Group Plans Protests Ahead Of China Visit

WASHINGTON, Jan. 31 (UPI) — A coalition of U.S. labor unions, Democratic politicians and trade advocacy groups is planning a trade protest ahead the Chinese vice president’s U.S. visit. The coalition said it plans to announce Tuesday the final states of its campaign in Washington, The New York Times reported. The group said it will […]

European Job Data Shows Lack Of Recovery

BRUSSELS, Jan. 31 (UPI) — The unemployment rate in the eurozone was unchanged in December compared to November, holding at 10.4 percent, the European Union’s data office said Tuesday. The rate is a modest tick higher than the 10 percent rate of December 2010 but shows a clear lack of an economic recovery. The gross […]

Home Prices Continue To Fall

NEW YORK, Jan. 31 (UPI) — U.S. home prices declined in both 10-city and 20-city composite indexes in November, the closely watched S&P/Case-Shiller home index report said. Considered a base line economic indicator showing consumers are confident enough to invest in a home, prices are will well off the April 2006 peak, the report shows. […]

Retail Sales Up A Touch

WASHINGTON, Jan. 31 (UPI) — U.S. sales receipts at chain stores rose slightly in the week ending Saturday, the International Council of Shopping Centers said Tuesday. Sales rose 0.1 percent in the week, but came in 3.9 percent higher than the same week of 2011, the trade group said. Consumer trends shifted “towards staples and […]

Consumer Confidence Slides

NEW YORK, Jan. 31 (UPI) — Consumer confidence in the United States retreated in January after two months of gains, the Conference Board said Tuesday. The index hit a two-year low in August, then posted gains in September, November and December, sliding a touch in October. In January, the index dropped from 64.8 to 61.1, […]

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