Jobless rate dips to 6.2 amid slower job losses in July
The July unemployment rate falls to 6.2 percent while employers cut 44 000 jobs, leaving total losses since January at 486 000. The labor force shrinks as 556 000 leave, 470 000 discouraged from seeking work, and consumer spending edges up 0.3 percent. ISM manufacturing hits 51.8 signaling growth, as Fed may keep rates at 1 percent ahead of Aug. 12 policy meeting.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Main Street
Wall Street
Ken Mayland
ClearView Economics
Commerce Department
Institute For Supply Management
Federal Reserve
Bush
Congress
Government aims to cut closing cost surprises nationwide
Washington AP report details home buyers facing higher than expected settlement costs and rising interest rates. HUD Secretary Mel Martinez backs reforms to simplify and lower costs, while Sen. Richard Shelby questions structure and transparency. Mortgage costs average about two thousand dollars but vary widely by loan and home.
MENTIONED IN THIS ARTICLE
Washington
Carolyn Carter
Mortgage Bankers Association of America
HUD proposal aims to cap closing costs in mortgage deals
The HUD plan promotes one price covering all closing costs to simplify price shopping for buyers. Lenders would not itemize fees and could seek discounts from third parties, subject to a 110 percent cap on final costs. Critics urge clear itemization at closing to prevent hidden charges and advocate legislative fixes if needed.
MENTIONED IN THIS ARTICLE
ENIOR
CCHS
Balfour
DeSoto
Giant City
Lincoln Jr. High
Unity Point
ISBE
NTS
Carbondale Community High School
HUD
Martinez
Shelby
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Department of Labor
New
Ysic Co N Lock
Carbondale Physical Education
P.E. Department
Cchs Business Office
Oakland Ave
Carbondale
Illinois
Cchs Guidance Dept
Oakland
205 N. Oakland
Carter
Bowie
Housing and Urban Development
Mel Martinez
Sen
Richard Shelby
R-Ala
Senate Banking, Housing and Urban Affairs Committee
Tuscaloosa, Ala
Source
Department of Housing and Urban Development
Kindermusik.com
Fout Se. “Wy
McAndrew Stadium
Spm
Saluki
Thunder and Lightning
Tommy Koutsos
Muhammad Abdulgaadir
Salukis
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