Recession

This is a list of the total announced layoffs at America’s 500 largest public companies as measured by a composite ranking of sales, profits, assets and market value during January 2009.... ...Read More...

Unemployment is what the status of not being employed is called. If you get laid off, downsized, lose your job due to a failing business, or end up with no work because demand for what you used to do has diminished, than you are considered unemployed. Unemployment is a problem that comes and goes with the modern financial cycle. During periods of recession, you generally see higher levels of unemployment than you do during good times. Companies will fail, businesses will downsize, services will run out of work, factories will close… and as a result, people lose their jobs. Sometimes, many thousands of people end up jobless, which contributes to the problem because nobody then has any money to spend on anything. Then, because goods are not being bought, businesses lay off more workers, and the dreadful cycle continues.... ...Read More...

The Federal Deposit Insurance Corporation is a United States government corporation created in 1933. It provides deposit insurance which guarantees the safety of checking and savings deposits in member banks, currently up to $100,000 per depositor. The vast number of bank failures in the Great Depression spurred the United States Congress to create an institution to guarantee deposits held by commercial banks, inspired by the Commonwealth of Massachusetts and its Depositors Insurance Fund (DIF).... ...Read More...

The package contains targeted efforts in:... ...Read More...

The homeowner vacancy rate was 2.9% in Q4 2008. A normal rate for recent years appears to be about 1.7%. There is some noise in the series, quarter to quarter, so perhaps the vacancy rate has stabilized in the 2.7% to 2.9% range.... ...Read More...