Economic news

July 16, 2014

Still Work to be Done

As the euphoria wears off in the aftermath of our stellar June employment release, we realize that there is still work to be done in order to fully recover from the financial crisis and deep recession. The recovery has been going on for five long-years, but it is still not ...

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Posted in Economic news
July 9, 2014

Mid-Year Employment Reading

I hope that everyone enjoyed the 4th of July Holiday. There were plenty of fireworks during the weekend but the day before the holiday started the government provided their own fireworks with the release of a strong jobs report for the month of June. Most analysts were expecting a decent ...

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Posted in Economic news
April 21, 2014

Weekly economic update

The Weekly Initial Jobless Claims rose by 2K to 304K and below the 312K expected.  Claims continue to hover near 7-year lows as employers slow the pace of firings.  However, Fed Chair Janet Yellen said this week that a robust and healthy job market still appeared to be ...

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Posted in Economic news
April 4, 2014

Newest job reports

Courtesy of Jason Nader, Bay Capital Mortgage, 240-822-4830

And the survey says...192K jobs created in March, as the country thaws outfrom the extreme harsh winter weather. That was just below the 195K expected, while January and February were revised higher by 37,000 jobs.

The Unemployment Rate held ...

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Posted in Economic news