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Europe markets rise | FTSE 100 heads for gain
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move

Why maternity leave is shrinking
Blame Marissa Mayer for maternity-leave shrink

Chaos at Budapest train station as migrants rush trains
Syrian refugees reach Norway — via the Arctic

Dovish Draghi signals ECB willing to do more QE

Video: Watch China’s 90-minute military parade in 60 seconds
Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

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Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Donald Trump tells Kareem Abdul-Jabbar: ‘You don’t have a clue about life’
Trump’s new feud is with Kareem Abdul-Jabbar

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Caroline Baum: No one knows what Trump would do as president, but it’d be great!
What Trump would do as president: It’d be great

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As investment risk has changed, so should investors’ portfolios
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The search for 1,000 angels to help women create startups
The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

Why the British Hugo Chavez will be good for the economy
Why the U.K. Hugo Chavez will be good for its economy

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

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Markets »

44.17MDow Volume:
Avg Vol: 113.01M
Unchanged
189
Decliners
2102
Advancers
4140
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,444 +92 0.56%
Nasdaq
/quotes/zigman/12633936/realtime 4,762 +12 0.25%
S&P 500
/quotes/zigman/3870025/realtime 1,960 +11 0.59%
GlobalDow
/quotes/zigman/629063/realtime 2,331 +18 0.76%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Oil
/quotes/zigman/2331095/delayed 47.22 +0.97 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,714 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.98%
Yen
/quotes/zigman/16008150/realtime/sampled 120.01 -0.32 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.32%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.40 +0.42 0.44%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.81 +0.25 0.28%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 47 +1 2.10%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.50%
DJIA F
/quotes/zigman/38649152/delayed 16,419 +89 0.55%
S&P F
/quotes/zigman/30356461/delayed 1,956 +9 0.47%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.96 -0.93 -1.03%
AAPL /quotes/zigman/68270/composite 111.29 -1.05 -0.94%
GOOG /quotes/zigman/30194416/composite 612.12 -2.22 -0.36%
BAC /quotes/zigman/190927/composite 16.00 0.15 0.95%
C /quotes/zigman/5065548/composite 52.12 0.37 0.71%
F /quotes/zigman/264304/composite 13.91 0.04 0.25%
T /quotes/zigman/398198/composite 33.09 0.27 0.83%
BP /quotes/zigman/247026/composite 32.50 0.30 0.93%
GE /quotes/zigman/227468/composite 24.64 0.07 0.28%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Housing Sector Drives Job Losses

The national unemployment rate increased to 8.2% in May, led by job losses in the housing sector, which remains among the hardest hit by the recession.

The job market in virtually every field connected to real estate continues to suffer, data shows. Construction employment fell by 28,000 last month, according to data released by the Bureau of Labor Statistics Friday. Despite a 30% increase in housing starts in April from a year prior, the number of people employed in home building hasn’t budged much at roughly 565,000. “There’s been a massive fallout with respect to employment in all housing-related sectors,” says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles.

Other parts of the housing sector are also struggling. There were roughly 58,000 mortgage and loan brokers on the payroll in April, barely unchanged from a year ago, according to the BLS. Meanwhile, the number of home appraisers declined 4% to 86,800 in 2011 from the year prior, according to the latest data from the Appraisal Institute.

The main reason for the poor real estate-related employment picture is the steep drop in home sales since the peak, experts say. The number of realtors hit a peak of 1.36 million in 2006 but has steadily fallen to 1.01 million. Similarly, construction jobs were slashed in half following 2006, with new home sales hitting a 51-year low last year.

Analysts say real estate jobs are a barometer for the health of the housing market – and the economy as a whole. A sizeable pickup in employment will have to occur before it’s clear that the housing market has fully recovered, says Gabriel. Employers in the industry are “reticent to place big bets until they see a more retrenched recovery specific to housing and the broader economy,” he says.

But those declines may have been exacerbated by the stricter industry regulations imposed to protect consumers from the abusive practices prevalent prior to the housing crash, experts say. For instance, would-be state-licensed mortgage originators now have to pass a federal exam and undergo background checks, and those barriers have likely resulted in fewer people entering or continuing on in the field, says Bill Matthews, president of the State Regulatory Registry, which operates the mortgage originator licensing and registration system.

These drops in employment have been a mixed bag for home buyers and sellers. Staffing cutbacks in the mortgage sector have contributed to longer delays. But the shedding of housing professionals may have also helped consumers. Most of the people who’ve left the industry were fairly new to it with little experience, says Mark Goldman, a real estate lecturer at San Diego State University and senior loan officer at C2 Financial Corp, a mortgage brokerage firm. According to data from the NAR, realtors in the workforce this year have a median experience of 11 years, up from seven years in 2007.

Here are four housing fields still losing jobs and the impact the lower staffing is having on home buyers and sellers.

«»

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
When do markets close for Labor Day?
Netflix stock heads toward fifth straight loss
ISM services index slows, but tops forecast
Jobless claims rise to two-month high
U.S. trade deficit shrinks 7.4% to $41.9 billion
Europe markets rise | FTSE 100 heads for gain
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move

Why maternity leave is shrinking
Blame Marissa Mayer for maternity-leave shrink

Chaos at Budapest train station as migrants rush trains
Syrian refugees reach Norway — via the Arctic

Dovish Draghi signals ECB willing to do more QE

Video: Watch China’s 90-minute military parade in 60 seconds
Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

Tom Brady's 'Deflategate' suspension overturned by judge, AP reports
Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Donald Trump tells Kareem Abdul-Jabbar: ‘You don’t have a clue about life’
Trump’s new feud is with Kareem Abdul-Jabbar

The flat tax and two other policies that separate Ben Carson and Donald Trump
3 policies that divide Ben Carson, Donald Trump

Caroline Baum: No one knows what Trump would do as president, but it’d be great!
What Trump would do as president: It’d be great

Trump, Clinton play liar’s poker: Delamaide

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

As investment risk has changed, so should investors’ portfolios
Investment risk has changed, so this must change too

The search for 1,000 angels to help women create startups
The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

Why the British Hugo Chavez will be good for the economy
Why the U.K. Hugo Chavez will be good for its economy

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9

/conga/frontpage.html 354072

Markets »

44.18MDow Volume:
Avg Vol: 113.01M
Unchanged
189
Decliners
2100
Advancers
4141
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,442 +90 0.55%
Nasdaq
/quotes/zigman/12633936/realtime 4,762 +12 0.25%
S&P 500
/quotes/zigman/3870025/realtime 1,960 +11 0.58%
GlobalDow
/quotes/zigman/629063/realtime 2,331 +18 0.76%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Oil
/quotes/zigman/2331095/delayed 47.20 +0.95 2.05%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,714 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.98%
Yen
/quotes/zigman/16008150/realtime/sampled 120.01 -0.32 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.32%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.39 +0.41 0.43%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.81 +0.25 0.28%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 47 +1 2.05%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.50%
DJIA F
/quotes/zigman/38649152/delayed 16,417 +87 0.53%
S&P F
/quotes/zigman/30356461/delayed 1,956 +9 0.46%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.96 -0.93 -1.03%
AAPL /quotes/zigman/68270/composite 111.26 -1.08 -0.97%
GOOG /quotes/zigman/30194416/composite 612.12 -2.22 -0.36%
BAC /quotes/zigman/190927/composite 16.00 0.15 0.95%
C /quotes/zigman/5065548/composite 52.12 0.37 0.71%
F /quotes/zigman/264304/composite 13.91 0.04 0.29%
T /quotes/zigman/398198/composite 33.09 0.27 0.83%
BP /quotes/zigman/247026/composite 32.50 0.30 0.93%
GE /quotes/zigman/227468/composite 24.64 0.07 0.28%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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  • /quotes/zigman/7601800/composite JOY-16.43%
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