Economy Watch: June 13, 2010 - June 19, 2010
Area in recovery as jobless rate drops in May
Unemployment levels in the District, Maryland and Virginia fell in May, according to government data released Friday.
By
V. Dion Haynes
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June 18, 2010; 2:41 PM ET |
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Unemployment
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Weekly mortgage rates up from yearly low
Rates on 30-year fixed mortgages backed off from yearly lows this week, but still remain historically cheap.
By
Washington Post staff
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June 17, 2010; 10:43 AM ET |
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Data
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Housing
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New claims for jobless benefits rise sharply
The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.
By
Washington Post staff
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June 17, 2010; 10:25 AM ET |
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Steep rise in industrial production
The nation’s industrial sector boosted production in dramatic fashion in May, as a steep rise in activity in the nation’s factories continued to lift the broader economy.
By
Neil Irwin
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June 16, 2010; 10:45 AM ET |
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Data
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Housing starts down in May
Housing starts sank in May to the lowest level in five months, according to a government study released Wednesday.
By
Dina ElBoghdady
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June 16, 2010; 10:25 AM ET |
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Data
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Housing
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Fed orders caps on credit card late fees
The Federal Reserve this morning ordered credit card companies to cap late fees at $25 for one-time offenders starting in August in the final version of its regulations on credit card penalty fees.
By
Ylan Q. Mui
|
June 15, 2010; 12:01 PM ET |
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Fed Reserve
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