County home foreclosures surge, likely to be high for months, years
The number of Clark County houses in foreclosure surged to 553 in August, an 88 percent rise over last year and a 10.6 percent climb in just one month. The increase is not as severe as the numbers suggest, because August 2009 foreclosures were artificially low. But local foreclosure rates are likely to stay high for months or years until employment rebounds and property values start climbing …
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Business news in brief
N.J. jobless rate fell in Aug. New Jersey’s unemployment rate dipped 0.1 percentage point in August to 9.6 percent of the workforce, the state Department of Labor and Workforce Development said Wednesday. Private businesses added 3,700 jobs during the month, the third straight monthly increase.
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For Sale: Philly area’s biggest bank
ING Direct, the largest US savings bank, is profitable again
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