Posts Tagged ‘economy’
Question by William Skinner: describe what quantitative easing does for the economy?
What is the effect on quantitative easing on the US economy and what exactly is quantitative easing?
Answer by priya
Quantitative easing is when money is added into the economy by a central bank (in England it’s the Bank Of England but i don’t know what it is in the US sorry).
Basically it means that banks have more money to lend out. This means more people consume more money. As people have more money they are more willing to spend. This increase consumption and investment which as both components of aggregate demand so aggregate demand increases.
If aggregate demand increases, yes it causes inflation, but it increases real GDP which is and increase in economic growth
Know better? Leave your own answer in the comments!
April Jobs Report: US Economy Adds 165000 Jobs; Unemployment Rate Down …
In another sign of strength, the unemployment rate managed to fall despite the fact that 210,000 people joined the labor force to look for work in April. In several previous months, unemployment had fallen simply because workers had dropped out of the …
Read more on Huffington Post
PEI unemployment rate falls below 12%
The unemployment rate on P.E.I. fell from 12.1% to 11.6% in April, partly due the first drop in the size of the labour force since September. The provincial economy did create some jobs, 200 full time and 100 part time. There were 200 fewer people …
Read more on CBC.ca
Cape Breton unemployment rate down
Labour market information released Friday by Statistics Canada showed that the unemployment rate in April for Cape Breton was 16.9 per cent, down from 18.6 per cent in March. That compares with a rate of 14.2 per cent in April 2012. Unemployment was …
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Spotlight on the economy: Jobless claims seen rising
Jobless claims can be erratic at times, and economists are expecting the Labor Department's report due Thursday at 8:30 a.m. to show an increase following the 18,000 drop to 324,000, which marked a five-year low. Economists polled by MarketWatch are …
Jobless Claims Drop Again, Stay Near 5-Year Low
There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000, the Employment and Training Administration reports. Claims continue to run around the lowest pace since early 2008 — they haven't …
Chicago, IL (PRWEB) April 21, 2013
The Federal Savings Bank encourages first-time homebuyers to seriously consider the implications of an improving economy. As the housing market improves as evident in Tuesdays housing starts, and as unemployment declines, the risk of mortgage rate hikes increases. The Federal Reserve has already stated its thresholds with respect to when it will begin begin to raise interest rates which is, 6.5% unemployment and/or 2.5% inflation. Currently the US unemployment rate is 7.7% and inflation is according the latest CPI report is on the decrease. While the Federal Reserve has estimated unemployment to fall between 7.3% and 6.8% by year end, homebuyers cannot expect to wait forever to get pre-approved for a mortgage.
Home Prices Are Rising
In January new homes sales soared to multi year highs at 431,000. In February new home sales took a breather and declined to 411K, however, it remained at 12.29% above year-over-year levels. To re-confirm that things are on positive full swing Tuesday’s March housing starts figure jumped dramatically by 7% from February. The housing starts number of over 1 million was the highest seen since June 2008.
First-Time Homebuyers must take notice at the ways things are improving now, because while interest rates may remain low for the next year, the possibility of housing prices continuing higher remains probable. “The trend is your friend, until the very end” says Nick, a bank at The Federal Savings Bank. “Right now housing inventories remain low and more people are becoming employment, both factors help raise housing prices.”
The Federal Savings Bank encourages first-time homebuyers to consider the implications of obtaining an mortgage at a later time, which is the possibility of higher interest rates, and moreover, higher property values. The benefits to getting pre-approved for a mortgage now is that the individual can understand how much of a home they can afford, and at which rate. In addition, if the applicant finds a home they desire, their bid will be taken seriously by the listed seller due to the mortgage approval. For more information on obtaining a loan or to speak about the housing market in general: please contact a loan officer at: TheFederalSavingsBank.com
West Palm Beach, Fla (PRWEB) April 18, 2013
Former Florida Gov. Jeb Bush, co-author of a controversial new book on immigration, tells Newsmax that Americas incredibly complex immigration laws should be reformed from stem to stern with strict attention toward attracting and retaining more skilled workers from other nations. In the exclusive interview with Newsmax, Gov. Bush shares his revealing thoughts on dealing with the nation’s unsustainable public debt and entitlement programs.
The leading Republican sat down with Newsmax to elaborate on a number of topics he discusses in his cover story for the April edition of Newsmax magazine, arguing that America can be great again if we open up the doors to economic opportunity. Bush believes that economic growth is the answer for the nations economic woes.
Bush offers an optimistic view of Americas future and straight talk about its problems. Regarding the hot- button issue of immigration, he tells Newsmax that high- achieving people with great aspirations should be able to come if they can make an immediate contribution to our economy.
In his Newsmax magazine article, Bush never once mentions Democrats or President Barack Obama. He tells Newsmax TV that other Republicans could be too focused on talking about what the opposition is doing instead of what they have to offer. “Today’s conservatives have spent the past several months nursing their wounds from the elections and focusing on deficits, sequestration, and tax policy,” he says, and suggests that Republicans could be spending too much time on the nations debt and deficit instead of narrowing in on growth.
The former Florida governor ends his Newsmax interview on an optimistic note, saying, I just have total confidence that a dynamic world will yield benefits that we cant even imagine. If you believe like I do that the world is abundant with possibilities, then we need to make sure we build capacity so that everybody is successful or can be successful in the pursuit of their dreams not the dreams of someone from government, but their own dreams.
To obtain your copy of Jeb Bushs Special Report Growth Is the Answer with our FREE Offer visit http://www.Newsmax.com/Bush13.
To watch Bushs in-depth interview with Newsmax, click here.
Spotlight on the economy: Jobless claims lay an (Easter) egg again
Initial jobless claims jumped to 388,000 in the week that included Good Friday from 357,000 in the prior seven-day period. Claims have since fallen to 352,000 and are expected to hew close to that mark when the latest weekly report is released Thursday …
U.S. DATA WEEK AHEAD: Little Change Expected in Jobless Claims
DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Apr 20 350K (19) 352K 1100 Kansas City Fed Mfg Svy Apr N/A -5 Friday 0830 Real GDP (1st Read) 1Q +3.2% (28) +0.4% 0830 GDP Prices (1st Read) 1Q +1.3% …
News Summary: US jobless claims rise slightly
Las Vegas Sun
SLIGHT RISE: The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The four-week average, a less volatile measure, rose only 2,750 to 361,250. MODEST HIRING: The slight increases …
Meanwhile, Back in the Economy, the AP's Rugaber Spins Mediocre Jobless …
As a reminder, Rugaber has frequently stated during at least the past year that the threshold below which weekly seasonally adjusted claims would point to job growth and a lower unemployment rate is 375,000. Yet in September 2009, he wrote that "Weekly …
Jobless Claims Rise by 4000
Wall Street Journal
WASHINGTON—The number of U.S. workers applying for jobless benefits rose for the fourth time in five weeks, a sign the economy is only slowly adding jobs. Initial jobless claims, an indication of layoffs, increased by 4,000 to a seasonally adjusted …
Oregon jobless claims fall, but tough market leaves unemployed on program …
Initial unemployment claims dropped to 26,300 last month, compared to 34,000 in March 2012. In all, the state signed off on $ 98 million in jobless benefits last month, about two-thirds of which came from Oregon's regular unemployment benefit program …
Housing and consumer spending to drive economy
HOUSING and the high street will drive the UK's short term growth, according to an economic think tank.Ernst & Young ITEM Club said that with over one million housing transactions expected by the end of the year and rising disposable incomes more money …
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Children's Place Grows Bearish as Consumer Spending Slows
Citing unfavorable weather and the weak macroeconomic environment that has affected consumer spending, Children's Place forecast earnings in the range of 60 cents to 65 cents compared with a year-earlier EPS of $ 1.14, on negative same-store sales.
Read more on Fox Business
Canadian consumer spending up 3.31 per cent in Q1
TORONTO, April 11, 2013 /CNW/ – Moneris Solutions Corporation ("Moneris"), Canada's largest credit and debit card processor, announced today that Canadian spending increased by 3.31 per cent during the first quarter of 2013 compared to the same …
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Christian Science Monitor
Big drop in jobless claims: this week in the economy
Christian Science Monitor
This was an encouraging sign for many analysts, who took it as a signal that recent jobless claims reports, which have been higher than expected, could be the result of fluctuations in seasonal hiring and a modest slowing in the labor market, rather …
Drop in Jobless Claims Counteracts March Data
Jobless Claims Fell Sharply Last Week
Jobless claims point to fewer layoffs
World markets solid ahead of weekly jobless claims
The focus later will likely center on weekly U.S. jobless claims figures as traders try to assess whether last week's disappointing employment numbers were a harbinger of more difficult times ahead. The consensus view in the markets is that claims …
Markets solid after drop in US jobless claims
Weekly jobless claims plummet to 346K
Weekly jobless claims plummet to 346K. WASHINGTON The number of Americans seeking U.S. unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may be a temporary slowdown.
The U.S. Economy In February – Consumers Keep Spending
On the consumer front, most indicators are remarkably strong and since that is 70% of the economy, it probably explains the elevated levels in the stock market (SPY). In the manufacturing arena, most of the regional Fed surveys are finally bouncing off …
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Consumer spending cues bull market
So, here's where those investors grew some of their persistence: If the payroll tax increase of 2 percent taken from all paychecks starting in January for Social Security did not slow our buying, then persistent consumers are driving economic growth …
Read more on Quad City Times
Consumer confidence falls as spending cuts surge
WASHINGTON Americans are less confident in the economy than they were last month as massive government spending cuts stoke economic uncertainty. The Conference Board, a New York-based private research group, said its reading of consumer …
Read more on CBS News