The housing market may be thawing due to recent changes in mortgage rates and the amount of listings available. In the months of July and August, mortgage rates have dropped from a high of 4.31 percent in June to a low of 3.75 percent in August. This drop has resulted in more home buyers entering the market and encouraged existing homeowners to refinance their mortgages. The number of listings for existing homes in the United State edged higher by 1.5 percent in June from the previous month. This increase in listings have generally paralleled the recent decrease in mortgage rates and has resulted in increased buyer confidence and more activity in the housing market. It appears that the housing market is slowly beginning to thaw and that more buyers areseeing the opportunities to buy homes.
Microsoft has announced that it will be laying off employees as part of a restructuring plan. This is the second round of layoffs since the company announced it would let go 10,000 workers last summer. The latest round of cuts is expected to be much smaller, with reports that it may affect anywhere from hundreds […]
United Parcel Service (UPS) workers have overwhelmingly voted to approve a new labor contract, ending the threat of a prolonged strike. The Teamsters union, which represents about 250,000 UPS workers, announced yesterday that the vote was 77.9 percent in favor of the contract and 22.1 percent against. The current contract, which was due to expire […]
Striking autoworkers may be seeking to end a wage system in which two workers performing the same job receive different rates of pay. This can be a complex challenge as employers typically provide different rates of pay based on seniority, training, and performance. To end this system, the union could attempt to renegotiate wages in […]