Economic conditions led to the layoff of 29 employees Friday at Muncy Homes Inc., 1567 Route 442 Highway.

Michael J. Clementoni, executive vice president, said they have been considering the lay offs for the last three years, but held off until now because he said he does not see a sign of improvement in the foreseeable future.

Financing is the biggest problem for prospective homebuyers because people cannot get loans, which started the poor housing market, Clementoni said.

“(The banks are) advertising low …

Economic conditions led to the layoff of 29 employees Friday at Muncy Homes Inc., 1567 Route 442 Highway.

Michael J. Clementoni, executive vice president, said they have been considering the lay offs for the last three years, but held off until now because he said he does not see a sign of improvement in the foreseeable future.

Financing is the biggest problem for prospective homebuyers because people cannot get loans, which started the poor housing market, Clementoni said.

“(The banks are) advertising low …

Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century.

The Commerce Department said Thursday new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.

About 302,000 new homes were sold last year. That’s less than the 323,000 sold in 2010, making last …

The NY Federal Reserve released a statement of Student Loans reporting that the debts that have been amassed for higher education is now over 1 Trillion Dollars and is higher then all combined Credit Card Debt.

So what are we to glean from this?

Maybe that people are better at using a credit card then they are picking a college.

Anyone that has attended College should be smart enough to understand the idea of Debt effecting their Credit Score and in turn all …

millions of people are still out of work. And that could have implications when they file their income tax returns.

Collecting unemployment insurance benefits? All that you received in 2011 is taxed as income. Unless you requested that federal taxes be withheld, you could be in for a big surprise when you calculate taxes owed.

“People tend to believe unemployment benefits are still not taxable,” said Bob Meighan, a vice president at TurboTax. That was the case in 2009, for the first …

The state lost 4,100 jobs in December from November, but the unemployment rate fell to 9.8 percent from 10 percent, the Illinois Department of Employment Security said Friday.

“Monthly snapshots are just that, but looking at long-term trends reveals the path we are taking,” IDES Director Jay Rowell said. “Our long-term growth trajectory shows Illinois’ economy moving forward and in the right direction.”

The state has recorded job growth in seven of the past 12 months and has added 95,900 jobs since …

Outsourcing of America continues .. a few things that most people haven’t really heard about and the news is not covering happened in the past couple months.

First is GE moving its advanced diagnosis equipment plant to China. This was a factory located in I believe Minnesota that built Xray, CAT Scan and MRI equipment that cost hundreds of thousands to millions of dollars per unit.

Now the only benefit is that the Chinese will mass produce these items and possibly that …

The Federal Government is saying that Gibson could legally import finished fret boards instead of raw material that has been cut to the size of the neck of the guitar fret board.

This would mean that at least 40 people who are the highest skilled in the world would lose their jobs at Gibson.

Not only would this mean people would lose the ability to care for their families.. it could mean the last and best craftsmen do not pass their …