It was a busy week … August Employment Report: 60K Jobs ex-Census, 9.6% Unemployment Rate The BLS reported : 1) Nonfarm payroll employment declined 54,000 in August. 2) however Decennial census employment declined 114,000. 3) so ex-Census, payrolls increased 60,000. 4) Private payrolls increased 67,000. 5) The unemployment rate increased…
From Alana Semuels at the LA Times: For many unemployed workers, jobs aren’t coming back . A few excerpts: The U.S. safety net wasn’t designed to withstand such a strain. The extent and duration of unemployment benefits vary by state, but 26 weeks is typical. Several federal extensions have increased…
From Dina ElBoghdady at the WaPo: In struggling housing market, buyers and sellers are out of sync ElBoghdady tells the story of an accidental landlord in the D.C. area – someone who wanted to sell, but wouldn’t cut his price. So he rented his home instead, while he waited a…
Despite the industry news, bad press and other negative talking points, there are many in the mortgage industry giving back. Mortgage Revolution is about leaders teaching leaders. Mortgage originators who are in the field ever day helping clients training other originators what is working in today’s market. Some of the…
Despite the industry news, bad press and other negative talking points, there are many in the mortgage industry giving back. Mortgage Revolution is about leaders teaching leaders. Mortgage originators who are in the field ever day helping clients training other originators what is working in today’s market. Some of…
Another graph by request … Click on graph for larger image in new window. This graph shows the unemployment rate by four levels of education (all groups are 25 years and older). Note that the unemployment rate increased sharply for all four categories in 2008 and into 2009. Unfortunately this…
Here is a graph from the Atlanta Fed of the number of people receiving extended unemployment benefits … Note: data as of Aug 7th – there were about 300,000 less people receiving benefits on Aug 14th (most recent data NSA). Click on graph for larger image. From the Atlanta Fed:…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I currently have a 20-year loan with 12 1/2 years remaining, owing $77,000. on a single-family home in…
Note: this is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for September 3, 2010. Changes and comments from surferdude808: It was a comparatively quiet week for the Unofficial Problem Bank List as there were only four additions and no…
From NFIB: Small Businesses Still Not Hiring William C. Dunkelberg, chief economist for the National Federation of Independent Business [said] “In August, most firms did not change employment, but for those that did, 11 percent (up one point from July) increased average employment by 2.3 employees, but 13 percent (down…