Private Companies Add 40,000 Jobs in December
Roseland, NJ, January 3, 2008--Private companies added 40,000 jobs in December, according to the ADP employment report.
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Layoff Announcements Fall in December
Chicago, IL, January 3, 2008—Announced layoffs at large companies in December fell 39 percent to 44,416, according to outplacement firm Challenger Gray & Christmas.
Initial Unemployment Claims Fall 21,000
Washington, DC, January 3, 2008—Initial unemployment claims fell 21,000 last week.
Mortgage Applications Continue Downward Trend
Washington, DC, January 3, 2008--Mortgage applications fell 11.6 percent last week to the lowest level since July 2006, according to the Mortgage Bankers Association. It was the third consecutive decline.
Online Job Index Falls in December
New York, NY, January 3, 2008 -- The Monster Employment Index fell 14 points in December, reflecting a seasonal slowdown in recruitment that is typical during the final month of the year as well as further moderation in the job market.
Slower Demand Hits Manufacturing Sector
Washington, DC, January 2, 2008--Manufacturing activity declined in December, the first time in 11 months, according to the Institute of Supply Management.
Overall Construction Spending Up in November
Washington, DC, January 2, 2008--Spending on U.S. construction projects rose by 0.1 percent in November.
Builders Association Predicts Bottom in 2Q
Washington, DC, January 2, 2008--The National Association of Home Builders is forecasting that the housing market could reach bottom by the second quarter of 2008.
Existing Home Sales Rise in November
Washington, DC, December 31, 2007--Existing U.S. home sales rose slightly in November from a record low, according to the National Association of Realtors.
Is Buffet Looking at Armstrong World Industries?
New York, NY, January 2, 2008--DealReporter, citing unnamed sources, said that Berkshire Hathaway, owner of Shaw Industries, may again be pursuing Armstrong World Industries.