Posts Tagged ‘economy’

Spotlight on the economy: Jobless claims will likely see a slight bump tomorrow – MarketWatch (blog)

Spotlight on the economy: Jobless claims will likely see a slight bump tomorrow
MarketWatch (blog)
The number of Americans filing for first-time unemployment benefits will likely posted a slight gain in the latest weekly data, but remain near the slowest pace in almost seven years, according to economists polled by MarketWatch. The consensus of …

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Jobless claims at seven-year low, signal firming economy
Reuters
Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for the week ended April 5, the Labor Department said. That was the lowest level since May 2007, before the start of the 2007-09 recession. The report joined …

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French jobless claims hit record high, Hollande under pressure – economy

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French jobless claims continue to rise. In September it hit a new record. … euronews, the most watched news channel in Europe Subscribe for your daily dose…

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Spotlight on the economy: Jobless claims remain near post-recession low – MarketWatch (blog)

Spotlight on the economy: Jobless claims remain near post-recession low
MarketWatch (blog)
The number of Americans applying for unemployment benefits is hovering near a post-recession low again, but the number can't seem to break below the 300,000 barrier. Initial jobless claims are forecast to fall to 316,000 in the week ended April 10 from …

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Spotlight on economy: Falling jobless claims point to fewer layoffs – MarketWatch (blog)

Spotlight on economy: Falling jobless claims point to fewer layoffs
MarketWatch (blog)
The number of Americans losing their jobs has continued to decline over the past few months to near a post-recession low. On Thursday we'll learn if that trend remains intact. Initial jobless claims, or new applications for unemployment benefits, are

Appeals of NC unemployment claims are moving faster
News & Observer
RALEIGH — The head of the Division of Employment Security told legislators Thursday that the time it takes for the state to handle upper-level appeals of claims for unemployment benefits are meeting federal standards for the first time in years. Dale

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Spotlight on economy: GDP likely to get bump up, while jobless claims may be … – MarketWatch (blog)

Spotlight on economy: GDP likely to get bump up, while jobless claims may be
MarketWatch (blog)
Three months after the fourth quarter ended, Wall Street is still trying to get a handle on how fast the U.S economy grew at the tail end of 2013 and now we'll finally find out. The government initially reported in January that the economy expanded at

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FinFacts Ireland
French Jobless Claims Rise to Record Adding Pressure on Hollande
Businessweek
French jobless claims rose to a record, adding pressure on President Francois Hollande to improve strengthen the economy as his Socialist Party faces defeat in local elections across the country. The number of people actively looking for work rose by
France Jobseekers Rise 31500 In February To Record 3.348 MlnMNI News
France: Unemployment rises 0.9% in February to record 3.35mFinFacts Ireland

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Spotlight on the economy: Jobless claims not showing improvement – MarketWatch (blog)


KTUU.com
Spotlight on the economy: Jobless claims not showing improvement
MarketWatch (blog)
The U.S. labor market has literally cooled off during a brutal winter and there's little reason to expect weekly jobless claims to sharply buck the trend. Initial jobless claims – the number of people applying for unemployment benefits – are expected
Euro Hits 2014 High as Treasuries Drop; Palladium SoarsBloomberg

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describe what quantitative easing does for the 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?

Best answer:

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!

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April Jobs Report: US Economy Adds 165000 Jobs; Unemployment Rate Down

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 …
Read more on Cape Breton Post

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Spotlight on the economy: Jobless claims seen rising – MarketWatch (blog)

Spotlight on the economy: Jobless claims seen rising
MarketWatch (blog)
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
NPR (blog)
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

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As Economy Improves The Risk Mortgage Rate Hikes Rises

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







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