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MARKET TRENDS: Labor Market Recovery Slows; IMF Trims Growth Estimates
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
MARKET TRENDS: Home Purchase Demand Catches Up After Fall in Mortgage Rates
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
Credit Card Use at Four Year Low in 2015
Posted on July 8, 2015
Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a [...]
Posted on July 8, 2015
Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a [...]
MARKET TRENDS: Job Openings at Record High; Trade Deficit Widens
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
MARKET TRENDS: Service Sector Slows; Hiring and Pricing Weakens
Posted on July 7, 2015
Survey reports from the Institute of Supply Management (ISM) and financial data provider Markit Ltd. on Monday indicated moderate growth in June. The manufacturing and service sector surveys a exhibiting a distinct slowdown of economic expansion since the start of the second quarter, when business initially picked up after the dissipating impact of harsh winter [...]
Posted on July 7, 2015
Survey reports from the Institute of Supply Management (ISM) and financial data provider Markit Ltd. on Monday indicated moderate growth in June. The manufacturing and service sector surveys a exhibiting a distinct slowdown of economic expansion since the start of the second quarter, when business initially picked up after the dissipating impact of harsh winter [...]
MARKET TRENDS: Summary for the Week Beginning July 06, 2015
Posted on July 6, 2015
This week starts with the Greek referendum on Sunday, followed by the U.S. ISM Non-Manufacturing PMI on Monday, JOLTs Job openings and Trade Balance on Tuesday, and the FOMC Meeting Minutes on Wednesday. The week will end with the Wholesale Inventory data. The concerns for this week are about the U.S. dollar restraining [...]
Posted on July 6, 2015
This week starts with the Greek referendum on Sunday, followed by the U.S. ISM Non-Manufacturing PMI on Monday, JOLTs Job openings and Trade Balance on Tuesday, and the FOMC Meeting Minutes on Wednesday. The week will end with the Wholesale Inventory data. The concerns for this week are about the U.S. dollar restraining [...]
One in Ten American Consumers Is Credit Invisible
Posted on July 5, 2015
According to recent research by the Consumer Financial Protection Bureau, about 26 million American adults currently have no credit history. In other words, roughly one in ten American consumers have no records with national credit reporting agencies such as Equifax, Experian and TransUnion. Additionally, another 19 million Americans have limited or out of date credit[...]
Posted on July 5, 2015
According to recent research by the Consumer Financial Protection Bureau, about 26 million American adults currently have no credit history. In other words, roughly one in ten American consumers have no records with national credit reporting agencies such as Equifax, Experian and TransUnion. Additionally, another 19 million Americans have limited or out of date credit[...]
Harbortouch Latest in Line to Be Affected by Payment Data Breach
Posted on July 1, 2015
Recently, Sally Beauty Holdings reported that it is investigating a possible payment card breach. The retail chain, which runs nearly 2,800 stores in the U.S, started an inquiry after it received reports of "unusual activity" involving payment cards that were used at some of its stores during the last week of April. I don't know[...]
Posted on July 1, 2015
Recently, Sally Beauty Holdings reported that it is investigating a possible payment card breach. The retail chain, which runs nearly 2,800 stores in the U.S, started an inquiry after it received reports of "unusual activity" involving payment cards that were used at some of its stores during the last week of April. I don't know[...]
MARKET TRENDS: U.S. Labor Market Firms Up; Manufacturing Follows Suit
Posted on July 1, 2015
A solid job report from payroll processor Automatic Data Processing Inc. (ADP) on Wednesday added to the evidence of a strengthening U.S. economic outlook. In June, the private sector added about 237,000 jobs, according to the ADP nonfarm employment report. The gain in June employment marked the biggest gain since December 2014. It exceeded the[...]
Posted on July 1, 2015
A solid job report from payroll processor Automatic Data Processing Inc. (ADP) on Wednesday added to the evidence of a strengthening U.S. economic outlook. In June, the private sector added about 237,000 jobs, according to the ADP nonfarm employment report. The gain in June employment marked the biggest gain since December 2014. It exceeded the[...]
MARKET TRENDS: Pending Home Sales at Nine-Year High
Posted on June 30, 2015
After solid existing and new home sales, pending home sales in the U.S. rose for the fifth straight month in May, hitting the highest level in over nine years. A stronger labor market, an improving wage, and lower mortgage rates continue to boost the housing industry and economy as a whole. The strong rise in[...]
Posted on June 30, 2015
After solid existing and new home sales, pending home sales in the U.S. rose for the fifth straight month in May, hitting the highest level in over nine years. A stronger labor market, an improving wage, and lower mortgage rates continue to boost the housing industry and economy as a whole. The strong rise in[...]
