Economic Resources

Economic Resources - Resources...

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Resources http://global.factiva.com/ha/default.aspx No sticker shock expected at the pump: gasoline prices will rise, but not much above $3 By CHRIS KAHN and DEBORAH JIAN LEE AP Energy Writers 906 words 9 March 2010 19:26 Associated Press Newswires APRS English (c) 2010. The Associated Press. All Rights Reserved. As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets. Each spring brings a familiar ritual in gasoline markets -- rising prices -- and this year won't be an exception. But motorists aren't likely to pay much more than $3 a gallon, on average, during the peak summer driving season. News Highlights: Top Economic Stories Of The Day 656 words 10 March 2010 08:00 Dow Jones International News DJI English (c) 2010 Dow Jones & Company, Inc. TOP STORIES US MORTGAGE APPLICATIONS UP 0.5% IN WEEK The volume of mortgage applications filed in the U.S. last week rises 0.5% from the previous week, while refinance activity drops 1.5% as mortgage rates edge higher, the Mortgage Bankers Association reports. Document DJI0000020100310e63a001ea
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Unemployment rate rises in 30 states in January as joblessness remains widespread By CHRISTOPHER S. RUGABER AP Economics Writer 305 words 10 March 2010 14:46 Associated Press Newswires APRS English (c) 2010. The Associated Press. All Rights Reserved. WASHINGTON (AP) - Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country. The data is somewhat better than December, when 43 states reported higher unemployment rates, but worse than November, when rates fell in most states. Document APRS000020100310e63a001u0 Consumer confidence up, but it still has miles to go BYLINE: BY ANNE D'INNOCENZIO. The Associated Press SECTION: BUSINESS; Pg. A34 LENGTH: 361 words Americans are ending 2009 feeling better about the economy than when the year began, buoyed by optimism that job prospects will improve in the first half of 2010. Consumer expectations for the job market reached their highest level in two years, but most people remain downbeat about their current prospects, according to a monthly survey released yesterday. The survey also showed fewer people plan to buy autos and homes in the next six months compared with November. "This doesn't mean that the economy isn't getting better, but it does raise doubts on how much actual improvement in the economy we've actually seen," said Mark Vitner, senior economist for Wells Fargo Securities in Charlotte, N.C. If past recoveries from recession are a guide, the rebound of confidence will take many more months. The Conference Board's Consumer Confidence Index rose in December for the second month in a row, to 52.9, from a revised 50.6 in November. It was 47.7 in October.
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December's number was slightly higher than the 52.0 prediction of economists surveyed by Thomson Reuters, but still far short of the 90 that would signify a solid economy. Without a marked turnaround in the job market, consumers will continue to "hunker down" and confidence
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This note was uploaded on 11/21/2011 for the course BUS 346 taught by Professor Poole during the Winter '08 term at Cal Poly.

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Economic Resources - Resources...

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