May 6, 2008
Thousands of US Businesses Go Bankrupt
The number of US businesses bankruptcy filings has risen as much as 49% in April compared to a year earlier. According to statistical data that was compiled by Jupiter eSources LLC, the business bankruptcy filings soared to 5,713 during April. The total number of bankruptcy filings, including those filed by individuals amounted to a total of 93,096, the Oklahoma-based group said.
And just to spice up the news a bit…
• The economy has lost a total of 260,000 jobs since the beginning of 2008.
• Banks have foreclosed nearly 650,000 properties in the last quarter of 2007.
• Analysts estimate bankruptcy filings will reach a total of 1.1 million by the end of 2008.
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May 9th, 2008 at 2:54 pm
If this is not a crisis, I don’t know what is.
Shocking stats.
May 14th, 2008 at 1:46 am
I’m sorry, but none of your posts offer links and your “about” doesn’t offer credentials or background. Are your readers supposed to Google about to try to substantiate the info you offer in your posts?
May 14th, 2008 at 2:44 pm
Thanks for your comment. I will update the “About” page as per your suggestion.
Heads up, most of my articles are based on news published on Bloomberg, FT, Reuters, other news agencies as well as other research papers.
Thanks again!
The What Girl