Economy » financialsurfer.com - Part 2
A roundup of economic news from around the Web. View the entire post here: Secondary Sources: Bankruptcies, Education, Death of Manufacturing
The job market’s slow recovery was a bit uneven last month, the Labor Department’s report on state employment showed Friday The unemployment rate declined in 18 states and Washington, D.C. compared to a month earlier. The jobless rate rose slightly in 14 states and was flat in 18 others. ...Read More
$11,759: The average monthly wage of newly hired Wall Street bankers at the bottom of the recession. View the entire post here: Number of the Week: Bankers Keep Getting Richer
There were far fewer deaths from on-the-job injuries last year than in 2008. It’s not hard to figure out why: There were far fewer jobs for people to die on. View the entire post here: Fewer Jobs Equal Fewer Workplace Deaths
In the days since the Federal Reserve unveiled a notable shift in its portfolio strategy, policy makers have offered discordant explanations about what’s going on. View the entire post here: Fed Officials All Over the Map in Explaining Policy Shift
Should economists and policy makers have identified the housing market bubble before it burst? The answer is most likely no, says the Federal Reserve Bank of Boston, because economic theory was not up to the challenge. View the entire post here: Boston Fed: Economics Couldn’t Reveal Housing Bubble
A roundup of economic news from around the Web. View the entire post here: Secondary Sources: Small Nations, Long Commutes, Women’s Pay

Fed’s Hoenig: Rates Need to Rise

August 15th, 2010 | Category: Economy
The U.S. economy is recovering and the Fed needs to raise interest rates, lest it leave in place a policy that will only fuel future financial imbalances, Kansas City Fed President Thomas Hoenig said. View the entire post here: Fed’s Hoenig: Rates Need to Rise
The cost of renting one’s home since April 2006 when home prices peaked rose 12%, adding injury to the insult renters have long faced in the U.S. View the entire post here: Number of the Week: Insults and Injury for Renters
A closely watched poll of economists conducted by the Philly Fed saw analysts downgrade their estimates of future growth and hiring levels, as well as inflation rates, although the forecasters still put low odds on another contraction in growth. View the entire post here: Economists in Philly Fed Survey ...Read More