Economy/Ecommerce

The Bureau of Labor Statistics reported in its biennial Displaced Workers Summary, which tracks workers who lost jobs that they held for more than three years, that 6.1 million workers were displaced from such long-held positions during the period from January 2009 through December 2011.

New home sales were up in July to an annualized rate of 372,000 units, compared with a revised June total of 359,000, according to the Census Bureau.

According to the National Association of Realtors, total U.S. existing-home sales grew 2.3 percent to an annualized rate of 4.47 million in July from 4.37 million in June, coming in at 10.4 percent above the 4.05 million-unit rate in July 2011.

The European Central Bank has been the subject of a new wave of speculation and news reports in recent days, to the effect that the sort-of central bank for the euro-zone will begin buying bonds of the currency bloc’s weaker nations to prevent a zone meltdown.

The “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy,” which was released by the Federal Reserve on Monday, posits that the best way to prevent future housing bubbles would be to require lenders to be tougher in enforcing loan-to-income ratios for borrower.

The Bureau of Labor Statistics reported on Friday—and got more attention than usual for it, because of the upcoming election—that regional and state unemployment rates were generally little changed or slightly higher month-over-month in July.

According to the Census Bureau on Thursday, housing starts dropped in July to an annualized rate of 746,000.

The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.