WASHINGTON — Small businesses that would otherwise have difficulty securing private equity or venture capital may find funding easier to get as a result of changes made as part of the American Recovery and Reinvestment Act to the U.S. Small Business Administration’s (SBA’s) Small Business Investment Company (SBIC) program. There are approximately 338 SBICs with [...] [...]
WASHINGTON — Residential construction spending slipped 3.5 percent for the month and is down 33.3 percent from May 2008. Overall, total construction spending was down 0.9 percent compared to April and was 11.6 percent lower than levels in May 2008. “Until now, much of the talk about the stimulus package has been just that, talk,” [...] [...]
WASHINGTON — On the last business day of April, job openings in the U.S. numbered 2.5 million, the Bureau of Labor Statistics reports, and stood at the lowest level since the series began in December 2000. The hires rate (3.1 percent) was unchanged in April and remained low, while the total separations rate (3.6 percent) [...] [...]
WASHINGTON — In the week ending June 27, the advance figure for seasonally adjusted initial unemployment claims was 614,000, a decrease of 16,000 from the previous week’s revised figure. The four-week moving average was 615,250, a decrease of 2,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 5 percent [...] [...]
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