Unemployment rates in the country inched up marginally from 8.8% in March to 9.0% in April. Despite this only slight increase, the unemployment rate was 0.8% higher than in November. ADP’s report on non-farm payroll recorded the creation of 179,000 jobs in the private sector in April, which is significantly lower than February’s job gains
Over the past decade, the growing importance of niche communities in today’s business dynamics has become increasingly clear. Local search and classifieds have helped address the needs of these communities. While Yelp remains a leader in leveraging user-generated content, Angie’s List has also established itself as a strong contender, albeit with a slightly different focus. Angies’s
Over the past few months, we have looked at many new Web-based companies that have managed to deliver sky-high valuations without supporting revenues. Flipboard is one more such company: It has a service that users like, but it has yet to figure out a successful monetization strategy.
According to a Forrester market report for 2010, worldwide online retail sales last year were worth $439 billion and accounted for 5% of all retail sales. Online retail sales are expected to grow to $536 billion by 2012 and will account for 12% of overall sales. The report estimates the U.S. market to grow to
NPD Group’s latest VideoWatch Digital tracking report found that Netflix commanded a 61% market share of the movie/TV streaming and downloads market in the U.S.. Comcast ran a distant second with 8%, followed by DirecTV, Time Warner Cable and Apple each claiming a 4% share. According to the report, digital video now accounts for nearly
Search engines such as those owned by Google do a good job at finding the right mathematical fit for a user’s query. But traditional search engines don’t necessarily give results that are best suited to the user’s interests. Social bookmarking and indexing sites such as StumbleUpon, Delicious and Digg, to name a few, index the
An IDC report released earlier last month saw global PC shipments fall 3.2% over the year in the first quarter of this year. IDC had projected 1.5% growth in shipments for the quarter and attributes the decline to rising fuel and commodity prices and the tsunami in Japan. In the U.S., shipments fell 10% over
According to an eMarketer report, e-commerce sales in the U.S. will continue to grow over the next four years to $269.8 billion in 2015 from $165.4 billion recorded last year. The Commerce Department estimates that e-commerce sales in 2010 in the country increased 14.8% over the previous year’s $144.1 billion. eMarketer projects sales to grow 13.7%