Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes By the end of June, Merrill held $41 billion in subprime CDO and subprime mortgage bonds. Since the average deal is between $1 billion and $1.5 billion, and the AAA debt is around 80% of each deal, Merrill must have been buying nearly all the top-rated debt from dozens of CDOs.
After several weeks of relative stability in initial unemployment claims, Jobless claims jump unexpectedly. I’ve added an arrow to show the point at which President Obama’s Recovery Act.
Jobless claims jump points to slowing recovery.. While the surprise jump in initial claims for unemployment benefits was blamed on factors ranging from spring break layoffs to the introduction. There have been growing worries about a weakening of the recovery in the jobs market, especially after a disappointing april jobs report that showed.
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U.S. jobless claims surged last week by the most since November 2012 as tens of thousands of Texans displaced by Hurricane Harvey filed applications to collect benefits, according to Labor Department.
First time unemployment claims took a flying leap this week. The jobless claims surged over 78,000 to a staggering 439,000 across the U.S. The government economists were expecting numbers in the 375,000 range. Many of the media are blaming this shocking increase on the Superstorm Sandy.
Today’s update on last week’s new jobless claims is discouraging, and not only because filings jumped by a hefty 25,000 for the week through May 15. As the chart below shows, new claims for.
Home Business Another Jump in Jobless Claims. After nearly a year of a decline in jobless claims, it’s getting harder to dismiss the idea that the recovery wind for the labor market has.
Confirmed: HUD Secretary Castro will endorse Hillary Clinton on Thursday Julin Castro endorsed Hillary Clinton on Thursday. The secretary of Housing and Urban Development is the second Obama Cabinet official to endorse Clinton – even as Vice President Biden is.
Jobless Claims Jump to 224,000, Much Worse Than Expected The number of U.S. workers filing new applications for unemployment benefits jumped 3,000 to a seasonally adjusted 224,000 in the week ended november 17, the Labor Department said Wednesday.
Heavy Snows Cause Jobless Claims to Jump.. were – could have such an impact is more testimony to the fragility of the recovery," Diane Swonk, chief economist at Mesirow Financial, wrote in a.
Jobless numbers jump in the US After a month of what looked to be a positive trend popping up for the American economy, jobless claims have once again surged above the 400,000 mark last week, halting hopes of a recovery from the recession. initial jobless claims fell 36,000. pickup in the economic recovery has weighed on equities this year.
“It’s no longer a question of whether. Statistics showed that jobless claims unexpectedly fell in September and payrolls rose to a record in the quarter through August as the London Olympics helped.
MGIC revenue decreases during 1Q The decrease in revenue, a modest decline in gross margin and moderate SG&A deleverage were partially offset by a While the branded operating groups had revenue declines during the quarter, the other business units (consisting of Wolverine Retail and.