Published November 25, 2009
NEW YORK (CNNMoney.com) — The number of first-time filers for unemployment insurance fell to 466,000, the lowest level in 14 months, according to a government report released Wednesday.
That’s the lowest number in the Labor Department figures since the week ended Sept. 13, 2008, and a decrease of 35,000 from the previous week’s 501,000.
A consensus estimate of economists surveyed by Briefing.com expected 500,000 new claims in the week ended Nov. 21.
The 4-week moving average of initial claims was 496,500, down 16,500 from the previous week’s average of 513,500.
Published November 23, 2009
California , Education
Some interesting points on why raising UC tuition is a good idea, see here.
Published November 20, 2009
California , Employment
There is good news here, we didn’t lose jobs. Perhaps the worst is over!
California’s unemployment rate rose to 12.5 percent in October to set another modern record, even though more than 25,000 Californians found jobs, the state Employment Development Department reported Friday.
October’s job gains followed 66,000 job losses the month before.
Published November 17, 2009
Some good news from the Financial Times:
Home Depot, the second largest US retailer by sales, expressed guarded optimism on Tuesday over the stabilisation of the US housing market, but cautioned that its store sales results were still in ‘less bad’ rather than positive territory.
The home improvement retailer said that sales in 36 of its top 40 markets showed sequential improvements in comparable sales at the end of its third quarter, on a rolling six-week average basis. It also said it was continuing to see signs of stabilisation in sales in California, Florida and Arizona.
Frank Blake, chief executive, also welcomed the fact that the percentage of US GDP devoted to private fixed residential investment (PFRI) also remained flat, rather than falling during the third quarter – data the company has used as an indicator of overall health of its customers.
Published November 12, 2009
California , Education
This is why I love economics, see a problem here? A survey from the PPIC via the Sacramento Bee:
The PPIC poll found that strong majorities of Californians believe that state budget cuts and affordability are major problems with the University of California, state college and university and community college systems, while holding all three in high esteem.
Despite their concern about the colleges, strong majorities of those responding to the PPIC poll were unwilling to either raise college fees or taxes to offset reductions in state support.