One of the things I like to do to try and gauge the markets temperature is to go to Yahoo! Finance and scan the AP news headlines. The following are some of the headlines that caught my attention this morning. Unemployment in Conn. rises as job growth stalls Mass. unemployment rate climbs to 7 percent […]
Tag Archives: Unemployment
Is The Economy Really Getting Any Better? Unemployment Is Still a BIG Issue!
CBS Evening News 7/9/2013 Source: Link Though the U.S. Labor Dept. reported that there were 3.8 million job openings in the month of June ( an increase of 28,000 job openings from the prior month), long-term unemployment rang-in at 4.3 million people, representing 36.7 percent of those who are currently unemployed. Not good! Readers/viewers may […]
The Truth About Recent Employment Figures
To date, 11.7 million Americans are still out of work and, for those who are eligible to collect unemployment benefits, their wallets are feeling even lighter these days because of the $equester. As of July 1st, the average weekly benefit check of $289.00 for recipients was reduced by $43.00 thanks to the budget cuts. And, […]
Posted in Articles, Fundamentals Also tagged Economy, Fireworks, Sequester, Unemployed Leave a comment
“June Employment Situation Better Than Expected.” Not So Fast!
Total nonfarm payroll employment increased 195,000 in June, with May’s figures revised upwardly from 175,000 to 195,000. WOW! The employment situation is finally, really getting better — right? Nope! Look at my highlights in the attached BLS Report. For the truly initiated, I have included the entire report for your perusal. Most of the jobs that were […]
What’s Really Happening With Housing
This past Wednesday the Mortgage Bankers Association issued its weekly report on mortgage applications. As can be seen in the first table in the above graphic, all of the MBA’s metrics were down for the week ending 5/17/13, and the numbers follow equally large declines for the previous week. However, the report released on Thursday […]
