Tag Archives: jobless rate

Why the Weak March Employment Report?

The Mortgage Corner The good news is the unemployment rate fell to 4.5 percent, and number of unemployed persons (i.e., available for work) declined by 326,000 to 7.2 million. Both measures were improved numbers over the year. But just 98,000 … Continue reading

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Consumers Too Optimistic?….Then Watch Out Below!

Popular Economics Weekly Consumer confidence has risen to what might be unsustainable levels—the highest in 16 years. That was in 2000, which was at the end of a 10-year economic recovery, the longest recovery since WWII. The Conference Board’s index … Continue reading

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

255,000 Jobs Added, Economy Still Growing

Financial FAQs Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, said the U.S. Bureau of Labor Statistics today. This confirms earlier reports from the manufacturing and service sectors that economic … Continue reading

Posted in Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , | Leave a comment

Should the Fed Raise Rates?

Financial FAQs It’s incredible that Janet Yellen’s Fed should even be talking about raising interest rates in June, or July. The Fed predicts no more than 2.5 percent GDP growth in Q2, after Q1’s 0.8 percent growth rate. And the … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , , , , | Leave a comment

Fed Stays in Accommodative Mode

Popular Economics Weekly It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers … Continue reading

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Job Market Grows Stronger

Popular Economics Weekly Americans are going back to work, though mostly in lower paying jobs at the moment. That’s why those states and cities raising their minimum wage rate are so important for growth. The U.S. added 242,000 new jobs … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , | Leave a comment

Job Openings and Hires At Record Levels

Popular Economics Weekly Job openings rose 5 percent to 5.6 million in December, the Labor Department said Tuesday. So why are the financial markets worrying about a looming recession? That reading was the second-highest ever recorded, behind only July 2015, … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , | Leave a comment