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New Home Sales Lowest Since ’63
Posted on January 30th, 2009 No commentsThe U.S. Census Bureau reports that new home sales fell to a seasonally adjusted annual rate of 331,000 in December. That’s down nearly 15 percent from a revised 388,000 annual rate in November – and the lowest on records dating back to 1963, the Business Journal of Milwaukee reported.
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No Industry Spared
Posted on January 30th, 2009 No commentsSince the beginning of the year, companies in southeast Wisconsin have announced plans to cut more than 2,000 jobs across a broad range of sectors. “Every region and every industry is getting hit,” said Marquette University Professor Cheryl Maranto. Read the Business Journal of Milwaukee article.
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Bankruptcy Filings Up 35%
Posted on January 30th, 2009 No commentsBankruptcy filings in Wisconsin increased slightly more than the national average last year – 21,141 filings in 2008 (the large majority of them personal consumer bankruptcies), compared with 15,626 in 2007, according to the Milwaukee Journal Sentinel.