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Puerto Rico Economy

New York area economy in September / October 2010

The job market has seen a slight improvement, commercial real estate market has been steady and residential real estate market has been stable in the Septermber/October period in New York, northern New Jersey, Puerto Rico and other areas served by the Federal Reserve Bank of New York.

Southern U.S. states pursue business opportunities in China

With the goal of strengthening trade ties with China and expanding Chinese investment in their region, representatives of economic development agencies in the Southern United States met with representatives of Chinese provinces in Beijing, China.

Poll

What to do about the federal budget deficit?

Cut spending only
45% (243 votes)
Raise taxes only
4% (24 votes)
Both cut spending and raise taxes
44% (234 votes)
Let it be
6% (34 votes)
Total votes: 535

Puerto Rico Economy

Initial jobless claims drops, but too early to predict a trend

The number of workers filing initial jobless claims in the U.S. decreased by 43,000 in the week of February 6. The 440,000 jobless claims for the week is a decrease from the previous week's revised figure of 483,000 as released by the U.S. Department of Labor. It is too early to say if this is the beginning of a trend toward better employment numbers.