Laid Off

Mike; I hope you are all enjoying your weekend. This weekend post is to highlight the continued dysfunction of the NY state senate, which is acting more dysfunctional than usual. When I say dysfunctional, I’m not being over the top, since it’s been documented that NYs legislators are truly the most dysfunctional: New York’s State […]

Continue reading about June 27 – New York’s dysfunctional senate fails to address unemployment benefits improvements

Mike: The Thursday Jobless Claims report shows a worse showing than expected with 627,000 jobless claims compared to a 600,000 estimate.  The four-week moving average also increased, although by only 500, but it shows that jobless claims are still at recessionary levels and not improving as quickly as most “experts” had envisioned. The 4-week moving average […]

Continue reading about June 25 – Jobless claims rise to 627,000 – Continuing claims increase to 6.74 million – Corus to cut >2000 UK jobs – Kimberly-Clark to chop 1,600 Jobs – U Minn. to dismiss 1240

Mike: A busy Wednesday for economic reports, especially the two related to housing; MBA Purchase Applications, which showed some improvement mortgage applications climb from 7-month low as shown below, and New Home Sales showed continued weakness May new home sales dip 0.6 percent, which is surprising considering this is peak season for home sales. Mike: Durable goods orders show […]

Continue reading about June 24 – New homes sales fall, but mortgage applications rise – Durable good orders rise sharply – Ikea has cut 5000 jobs – Monsanto to cut 900 jobs – AIG chops 415