Thousands of jobs stay open amid high unemployment
At 8.7 percent unemployment in March the highest since 1941 more than 700000 jobs were open in January and analysts estimate over a million openings. Auto mechanics programmers machinists and engineers are in demand while many noncollege technical roles go unfilled. Experts blame education trends and fears from the aerospace downturn for the persistent job gap.
MENTIONED IN THIS ARTICLE
New York
U.S. Employment Service
van M. Evans
Deutsch, Shea and Evans, Inc
Employment Service
Jack Kozich
Snelling & Snelling Employment Agency
Kozich
Wayne E. Glenn
Continental Oil Co
Western Hemisphere
Evans
Market Place
General Dynamics Corp
Boston
Tom Clark
Clark
California
American Nurses’ Association
Consumers increase borrowing as auto rebates end
The Federal Reserve reports February consumer credit rose by 229 million after seasonal adjustment, led by a 251 million rise in auto financing as automakers ended rebates. The data show mixed sentiment but hint at revived consumer spending while job markets remain uneven with openings in energy, pollution control, and technician roles.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Rent hike on federal units eyed
The federal government proposed that landlords for FHA and federally owned housing projects may raise rents above local rent control ceilings. HUD cites existing federal rent rules for low income tenants and notes final regulations will likely raise rents. The plan aims to curb mortgage defaults tied to high operating costs and mismanagement in subsidized multifamily housing.
MENTIONED IN THIS ARTICLE
Washington
Department of Housing and Urban Development
FHA
HUD
Carla A. Hills
Department
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