Posts Tagged “Joblessness”

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Nation in ‘modest’ economic recoveryBoston GlobeTroubled commercial real estate loans are putting more pressure on banks and their ability to make new loans. At the same time, extended joblessness is …and more »

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StanCorp Financial Group Inc.’s ( SFG ) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue to impact the company’s earnings. Quarterly results reflect higher-than-expected claims activity and reduced premiums in the group insurance business. However, the company benefited from the expense reduction initiatives

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By Rich Miller Bloomberg.com Sept. 28 (Bloomberg) — Full employment ain’t what it used to be. Economists since the mid-1990s have reckoned that full employment was equivalent to about a 5 percent unemployment rate, taking into account the time required to switch jobs. Now Nobel Prize winner Edmund Phelps and Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian say the fallout from the deepest recession in more than five decades is driving the so-called natural rate h

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Short sale – Nationwide Unemployment Rate Driving Foreclosed New Homes – foreclosurelistingstoday.com 07/27/2009 The worsening level of joblessness across the country is driving the rise in number of foreclosed new homes. In June, the nationwide unemployment was 9.5 percent, and with the current economic difficulties, analysts are expecting the jobless rate to surpass the 10-percent level in 2010. In a nationwide study of foreclosure … Source: www.foreclosurelistingsnationwide.

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News Sources wrote an interesting post today on
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World Bank Prez: Stimulus A ‘Sugar High’ That Won’t Stem Unemployment, Political Unrest By Susie Madrak - Crooks and Liars Forget all that talk about “green shoots,” kids. We’re been in the eye of the storm, but now we’re about to run into another round of mortgage resets. It’s going to get much, much worse: World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the “real economy” and rising joblessness threatens to set

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