Articles About Capital Economics

ADP, a leading payroll services company, is reporting that private companies added 114,000 jobs in July. Many analysts had projected an increase in hiring from June, but it is not likely that the unemployment rate will decline even if job growth rose sharply.  ADP’s forecasts are frequently used to measure how the labor economy is […]

Portugal has become the third European nation to accept a financial bailout to the tune of € 78 billion, with € 12 billion going directly to the Iberian nation’s banks.  It is the third of four PIGS nations (Portugal, Ireland, Greece, Spain) to require a bailout.  Caretaker Prime Minister Jose Socrates announced that he had […]

Although analysts are sounding a cautionary note, the number of Americans applying for mortgages rose by 16.1 percent in the first week of March – the largest monthly increase since June of 2009. The activity could be due to investors with money to spend, and not the first-time homebuyers who will play a vital role […]

Are housing prices about to experience a double dip?  Existing home sales fell 27 percent in July to the lowest level reported since 1995.  The plunge occurred even though mortgage rates are at their lowest levels in decades and houses in most regions are priced to sell.  July sales fell to a seasonally adjusted annual […]