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Posts tagged "consumer debt"

U.S. unemployment rate remains at 8 percent

Last week there was a higher than anticipated number of people who filed for unemployment benefits. In fact, there were 374,000 jobless claims for the week ending Aug. 25. This leads some to believe that the labor market is continuing to not do too well in an already struggling economy.

Consumers racking up credit card debt at rapid pace

Over the past several months the total amount of consumer debt has increased. And while some may take this as a good indicator of our nation's rebounding economy, many also worry that people are setting themselves up for financial catastrophe by pilling on more credit card debt, and other debts, than they really can afford.

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