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Daily Archives: April 28, 2011

Metropolitan Area Employment and Unemployment Summary, March 2011

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Metropolitan Area Employment and Unemployment Summary, March 2011

  • “Unemployment rates were lower in March than a year earlier in 317 of the 372 metropolitan areas, higher in 44 areas, and unchanged in 11 areas, the U.S. Bureau of Labor Statistics reported today. Fourteen areas recorded jobless rates of at least 15.0 percent, while eight areas registered rates of less than 5.0 percent. Two hundred sixty metropolitan areas reported over-the- year increases in nonfarm payroll employment, 101 reported decreases, and 11 were unchanged. The national unemployment rate in March was 9.2 percent, not seasonally adjusted, down from 10.2 percent a year earlier. In March, 112 metropolitan areas reported jobless rates of at least 10.0 percent, down from 166 areas a year earlier, while 65 areas posted rates below 7.0 percent, up from 44 areas a year earlier. El Centro, Calif., recorded the highest unemployment rate, 24.6 percent in March; three other areas had rates above 20.0 percent. Among the 14 areas with jobless rates of at least 15.0 percent, 12 were located in California. Lincoln, Neb., and Bismarck, N.D., registered the lowest unemployment rates, 4.1 and 4.2 percent, respectively. A total of 219 areas recorded March unemployment rates below the U.S. figure of 9.2 percent, 150 areas reported rates above it, and 3 areas had rates equal to that of the nation.”

    • Interagency Working Group Seeks Input on Proposed Voluntary Principles for Marketing Food to Children

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    News release: “In an effort to combat childhood obesity – the most serious health crisis facing today’s youth – a working group of four federal agencies today released for public comment a set of Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory Efforts that can be used by industry as a guide for marketing food… Continue Reading

    GSA Plans RFP for $2.5 Billion in Cloud Computing to Support IT Reform Plan

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    Jason Miller, Executive Editor, Federal News Radio: “The General Services Administration is about to give the Obama administration’s policy that requires agencies to use cloud computing a big boost. GSA plans on releasing a request for proposals May 10 for e-mail-as-a-service that could be worth $2.5 billion. Vivek Kundra, the federal chief information officer, said… Continue Reading

    The Orderly Liquidation of Lehman Brothers Holdings under the Dodd-Frank Act

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    The Orderly Liquidation of Lehman Brothers Holdings under the Dodd-Frank Act, April 18, 2011 “The report examines how the FDIC could have structured an orderly resolution of Lehman Brothers Holdings Inc. under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act had that law been in effect… Continue Reading

    BLS Mobile Service

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    BLS Mobile Service: “In our never-ending quest to provide the American public with the latest labor economics and statistics data no matter where they are, we are introducing a mobile version of the BLS homepage. The mobile homepage is designed to give our visitors a quick view of the latest BLS statistical products such as… Continue Reading

    Economic Analysis of the Effects of the Federal Reserve Board’s Proposed Debit Card Interchange Fee Regulations on Consumers and Small Businesses

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    Economic Analysis of the Effects of the Federal Reserve Board’s Proposed Debit Card Interchange Fee Regulations on Consumers and Small Businesses, By David S. Evans, Robert E. Litan, Richard Schmalensee, February 22, 2011 “This paper examines the impact of the reductions in interchange fees proposed by the the Federal Reserve Board on consumers and small… Continue Reading

    SEC Proposes Product Definitions for Swaps

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    Fact sheet: “The Securities and Exchange Commission voted unanimously to propose rules further defining the terms “swap,” “security-based swap,” and “security-based swap agreement.” The Commission also proposed rules regarding “mixed swaps” and books and records for “security-based swap agreements.” The rules were proposed jointly with the Commodity Futures Trading Commission (CFTC) and stem from the… Continue Reading

    Bloomberg Consumer Comfort Index

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    “The Bloomberg Consumer Comfort Index measures Americans’ perceptions on three important variables: the state of the economy, personal finances and whether it’s a good time to buy needed goods or services. A new index reading is generated every week, making it a timely sentiment gauge. The responses are broken down by participants’ sex, age, income… Continue Reading