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Daily Archives: May 3, 2009

Bloomberg: Joblessness Probably Rose to 25-Year High

May 3 (Bloomberg), by Shobhana Chandra, U.S. Economy Preview – “Unemployment in the U.S. probably climbed in April to a 25-year high, showing the labor market will be one of the last areas to emerge from the worst recession in at least 50 years, economists said before reports this week. The jobless rate jumped to 8.9 percent last month from 8.5 percent in March and employers cut at least 600,000 workers from payrolls for a fifth straight time, according to the median estimate in a Bloomberg News survey ahead of a May 8 Labor Department report. Other figures may show service industries shrank at a slower pace.”

  • See also: “Economic activity in the manufacturing sector failed to grow in April for the 15th consecutive month, and the overall economy contracted for the seventh consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.”
  • Related postings on financial system
  • Recent CRS Reports: Airport Passenger Screening, Bankruptcy vs. Conservatorship, NATO Enlargement

    March 05, 2209 – Legal Issues Related to Funding for Religious Schools in P.L. 111-5, the American Recovery and Reinvestment Act of 2009 April 23, 2009 – Airport Passenger Screening: Background and Issues for Congress April 20, 2009 – Insolvency of Systemically Significant Companies: Bankruptcy vs. Conservatorship/Receivership April 16, 2009 – Organized Crime in the… Continue Reading

    New Survey: Satisfaction with E-Gov Stumbles

    American Customer Satisfaction Index E-Government (ACSI) Satisfaction Index Q1 2009 – April 28, 2009 – by Larry Freed, ForeSee Results: “Citizen satisfaction with e-government websites dropped more than half a point since last quarter, down to 73.6 on the study’s 100-point scale. The aggregate score has been dragged down in large part by declining satisfaction… Continue Reading

    2007 Economic Census Industry Series

    “The economic census provides a detailed portrait of the United States’ economy once every five years, from the national to the local level. The 2007 Economic Census covers most of the U.S. economy in its basic collection of establishment statistics. There also are several related programs, including statistics on minority- and women-owned businesses. Censuses of… Continue Reading

    AARP Research Report: Social Security: Ten Facts that Matter

    Social Security: Ten Facts that Matter – Research Report, Selena Caldera, AARP Public Policy Institute, April 2009. “Social Security insures families against the loss of income caused by retirement, disability, or death, with nearly universal coverage; Social Security insurance covers 94 percent of workers in paid employment and self-employment. The program has been a success;… Continue Reading

    U.S. Geological Survey Study Demonstrates How Methylmercury, Known to Contaminate Seafood, Originates in the Ocean

    News release: “A new landmark study published [May 1, 2009] documents for the first time the process in which increased mercury emissions from human sources across the globe, and in particular from Asia, make their way into the North Pacific Ocean and as a result contaminate tuna and other seafood. Because much of the mercury… Continue Reading

    Quarterly Public-Employee Retirement Systems Survey: 4th Quarter 2008

    News release: “This survey provides quarterly summary data on assets, revenue and expenditure of the largest public-employee retirement systems in the United States, which comprise about 85 percent of national activity among such entities. It provides the most current data about investment decisions by public employee retirement systems, which are among the largest types of… Continue Reading

    A Framework for Assessing the Systemic Risk of Major Financial Institution

    A Framework for Assessing the Systemic Risk of Major Financial Institutions, by Xin Huang, Hao Zhou and Haibin Zhu, Working Papers No 281, April 2009. Bank for International Settlements. “In this paper we propose a framework for measuring and stress testing the systemic risk of a group of major financial institutions. The systemic risk is… Continue Reading