economic recovery
Retail Properties of America has disappointing market debutPosted by RJ and Makay on Apr 12, 2012 |
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The Initial Public Offering (IPO) last week by Retail Properties of America (RPAI) Inc., the nation’s third-largest shopping center REIT, produced disappointing results for investors and could hurt enthusiasm for future REIT stock offerings. The IPO came out at $8 per share (after reverse split engineering), short of its expected pre-offering price target of $10 to $12.
Men lost more than twice as many jobs as women during the great recession of 2008, according to the U.S. Bureau of Labor Statistics (BLS). Since the recession ended in June 2009, men have landed 88% of non-farm payroll jobs. The unemployment rate for males has dropped 2.3% since the end of the recession, to 8.3% in February 2012 from 10.6% in June 2009. It has stayed flat for women, dipping to 8.2% from 8.3% during the same period.
U.S. consumer spending in June dropped unexpectedly as Americans saw their incomes grow by the smallest amount in nine months, according to the Commerce Department. It was the first time in 20 months that Americans cut their spending and is a troubling sign for economic growth. Consumer spending dropped 0.2% in June, which followed a gain of 0.1% the month before. Incomes rose 0.1%, the smallest gain since September 2010.
