Summer__08

David Belinquete Prof. McCabe International Business HomeworkUS Factory Orders Up Unexpectedly1. The factory order increase in October was 0.5%. 2. The products that showed the greatest increase was petroleum, oil, and chemicals. 3. The annual rate of work productivity increased by 6.3%. 4. 125,000 new jobs were created in November. 5. The Federal Reserve will cut down interest rates. 6. They believed that the cause of the economy to slow down was due to turbulence in financial markets. 7. The GDP did 4.9% in the 3rd quarter. 8. 1.5% is predicted for the 4th quarter. 9. The four factors that can cause the economy to dip are multiple blows of a prolonged housing slump, a severe credit crunch, rising energy cost and faltering consumer confidence. 10. The unit labor costs fell 2% in the 3rd quarter. 11. A stronger productivity growth and fewer wage pressures could ease concerns at the fed reserve. 12. The auto, machinery, and computers industries saw a decline. 13. The Bush administration, seeking to limit the fallout from the housing bust, has been prodding the mortgage industry to freeze rates on a portion of the 2 million subprime mortgages that are due to reset to higher rates over the next two years.