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9 Million U.S. Mobile Users Have Used Their Mobile Phone to Pay for Goods or Services

added: 14-06-2008

Commerce over mobile devices such as cell phones is accelerating in the US, according to data released by The Nielsen Company. Already, 9 million US mobile subscribers say they have used their mobile phone to pay for goods or services, and half of all data users (49 percent) say they expect to participate in mobile commerce in the future.

US Consumer Price Index in May 2008

added: 13-06-2008

The Consumer Price Index for All Urban Consumers (CPI-U)increased 0.8 percent in May, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The May level of 216.632 (1982-84=100) was 4.2 percent higher than in May 2007.

Euro Area Labour Costs Rose by 3.3% in the First Quarter 2008

added: 13-06-2008

Total hourly labour costs in the euro area (EA15) rose by 3.3% in nominal terms in the year up to the first quarter of 2008, compared with 2.9% for the previous quarter. In the EU27, the annual rise was 4.3% up to the first quarter of 2008, compared with 3.6% for the previous quarter.

Euro Area and EU27 Employment up by 0.3% - First Quarter of 2008

added: 13-06-2008

The number of persons employed in the euro area (EA15) rose by 0.3% (446 000 persons) in the first quarter of 2008 compared with the previous quarter, according to national accounts estimates published by Eurostat, the Statistical Office of the European Communities.

Canada’s Youth Labour Market Outperforms Most OECD Countries

added: 13-06-2008

The recent performance of the youth labour market in Canada is very good compared with most other OECD countries, according to the just-released OECD report on Jobs for Youth: Canada. Sustained economic growth and a very flexible labour market by international standards have contributed to rising employment rates and falling overall unemployment for all, including for youth.

Fitch Sees Limited Further US Subprime-Related Rating Impact on European Banks

added: 13-06-2008

Fitch Ratings expects minimal further rating impact on European banks relating to US subprime exposure. Negative rating actions are possible should the performance of other asset classes deteriorate beyond the expectations of a normal economic downturn, according to analysts speaking at Fitch's Annual Global Banking Conferences in Europe this week.

U.S. Airline Industry Headed Toward 'Catastrophe' at Current Oil Prices

added: 13-06-2008

At current oil prices, several large and small U.S. airlines will default on their obligations to creditors beginning at the end of 2008 and early 2009, according to a study issued by AirlineForecasts, LLC and the Business Travel Coalition. The study shows that $130/barrel oil prices will increase yearly airline costs by $30 billion, while airlines will be able to generate only $4 billion in fare increases and incremental fees. The implication of this alarming trend is that several large and small airlines will ultimately end up in bankruptcy, and of those, some will be forced to liquidate.

Foreclosure Activity Increases 7 Percent in May 2008

added: 13-06-2008

RealtyTrac(R) released its May 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 261,255 properties during the month, a 7 percent increase from the previous month and a 48 percent increase from May 2007. The report also shows one in every 483 U.S. households received a foreclosure filing during the month, the highest monthly foreclosure rate since RealtyTrac began issuing the report in January 2005.

Deepening Integration with EU and across Western Balkans will Boost Economic Growth and Facilitate EU Accession

added: 13-06-2008

The World Bank called for governments in the Western Balkans region to deepen integration with the European Union (EU) and among themselves, further develop human capital, reduce telecommunication costs, and tackle issues related to energy shortages in order to sustain economic growth.

US Import and Export Price Indexes in May 2008

added: 13-06-2008

The U.S. Import Price Index rose 2.3 percent in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported, following advances of 2.4 percent in April and 3.0 percent in March. Rising prices for both petroleum and nonpetroleum imports factored into the increases. The price index for overall exports advanced 0.3 percent in May after rising 0.5 percent the previous month.

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