Archive for August 2007
Unemployment rate edges up
Hiring cooled off in July, pushing the nation’s unemployment rate up to 4.6 percent, a six-month high, the Associated Press reported.
A report released by the U.S. Labor Department this morning also showed that new …
Iowa DOT awaits reason for Minneapolis bridge collapse
Four people are dead, 79 injured and 20 missing after an Interstate 35W bridge going over the Mississippi River collapsed in Minneapolis yesterday during rush hour, reported the Minneapolis Star Tribune. In Iowa, state officials …
Read MoreTop three U.S. carmakers lose market share in July
For the first time, the top three automobile makers in the United States accounted for less than half of total U.S. sales as sales for nearly all carmakers dropped in July, MSNBC reported.
General Motors …
Mortgage applications hit five-month low
The volume of mortgage applications slid last week to its weakest level in more than five months, as demand for loans to buy homes eroded amid escalating credit concerns, Reuters reported.
The Mortgage Bankers Association …
Consumer confidence climbs
U.S. consumer confidence rose to a nearly six-year high in July as consumers perceived improvements in business conditions and the labor market, Reuters reported.
The Conference Board, a nonprofit organization that conducts business management research, …