Prediction Update: End of U.S. Recession in 2009?
June 8, 2009.
- Bankruptcy filings are apt to exceed the 2005 number eventually, given data like Jobs Contract 17th Straight Month; Unemployment Rate Soars to 9.4%.
- The USA Today is reporting Bankruptcy filings rise to 6,000 a day as job losses take toll.
- Last month commercial bankruptcy filings hit 376 a day, up from 255 in May 2008. Hartmarx, which manufactures and markets apparel, and Silicon Graphics, a manufacturer of computer workstations and storage products, were among the filers.
- Consumer and commercial bankruptcy filings are on pace to reach a stunning 1.5 million this year, according to a report from Automated Access to Court Electronic Records.