Newer loans are benefiting from rising property prices, tighter underwriting requirements and
the lowest jobless rate in seven years, while mortgages originated before the real estate bust are still moving through foreclosure.
ONS reported the three months to September 2015 have provided
the lowest jobless rate since the second quarter of 2008.
New figures released by the state Department of Labor shows that Rockland's unemployment rate of 4 percent puts Rockland among the 10
lowest jobless rates in New York.
But it happened to be the point on the chart that marked
the lowest jobless rate since 2008.
It can mask weakness in the market if there are large numbers of discouraged workers, as in the U.S. which now has
a lower jobless rate than Canada despite a poor job creation record.
Even the modest strides the economy has taken in
lowering the jobless rate aren't coming from more people finding jobs and earning pay cheques.
Moreover,
the low jobless rate is finally delivering some long - missing bargaining clout to middle - and lower - wage workers, and the last thing those workers need is to fight against the headwinds of higher interest rates.
They include value - added tax hikes,
lower jobless benefits, wage cuts for state employees and billions of euros in savings from local government reforms.
Bank of Montreal chief economist Douglas Porter said that bank appears very patient, with little appetite to move in January despite the near - record
low jobless rate.
High unemployment is a problem that seems all bad, he says, but if you approach it from a side door — perhaps profiling people who have founded new business and learned new skills or industries that have benefited from the downturn — it turns into a story that can inspire others, and maybe even
lower the jobless rate faster.
The city is also home to a high percentage of children, has great access to health professionals and a relatively
low jobless rate.
With regard to seniors housing and care, labor force growth and
the low jobless rate are expected to make it increasingly difficult to attract and retain qualified and trained staff at all levels of operations.
While good for employees, such
low jobless rates present challenges to employers who must staff their businesses.
Not exact matches
That suggests ongoing job growth in an economy many regard as near full employment, with the
jobless rate at a 17 - year
low of 4.1 percent.
U.S. indexes were mainly
lower amid earnings reports from the American banking sector and data showing a continuing decline in
jobless insurance claims and tame inflation.
On Thursday, the U.S. Labor Department announced that the number of new
jobless claims had hit its
lowest mark in five and a half years, down 19,000 to 326,000.
The package mixed economic and social spending, helping states train displaced workers, for example, extending
jobless benefits and assisting with
low - income housing.
The
jobless rate, though much
lower than it was, remains a dispiriting 7.4 %, while that for those under age 24 is a staggering 16 %.
«But some jobs for
low - wage workers would probably be eliminated, the income of most workers who became
jobless would fall substantially, and the share of
low - wage workers who were employed would probably fall slightly.»
A 14 - year
low on
jobless claims reinforced expectations that slack in the labor market was being reduced.
Rapid growth and
low unemployment are the key arguments for policy tightening and Kaplan predicted that the
jobless rate could dip below 4 percent this year, beyond what is considered full employment.
That insight, as obvious as it may seem, conflicts with the Fed's policy of raising interest rates preemptively, even as inflation continues to undershoot its target, essentially on concerns that a 17 - year -
low 4.1 %
jobless rate may already be beyond what officials consider «full employment.»
Powell himself conceded during congressional testimony that the
jobless rate could fall as
low as 3.5 % without generating undue inflation.
Not only are
jobless youth missing out now, but their future wages will be
lower too.
Economists doubt the
jobless rate can fall that
low again without touching off inflation, as employers are forced to offer higher pay to attract workers from a dwindling supply of unemployed.
The deficit spike comes even as the
jobless rate drops to multi-decade
lows - an unprecedented disconnect.
Unemployment is down, with initial
jobless claims falling to the
lowest level in four years.
While other data on Thursday showed a modest increase in new applications for
jobless benefits last week, the number of Americans receiving unemployment aid fell to its
lowest level since 1973, pointing to tightening labor market conditions.
A version of this article appears in print on December 3, 2011, on Page A1 of the New York edition with the headline:
Jobless Rate Dips To
Lowest Level For Last 2 Years.
They also vowed to keep short - term interest rates
low, at least until the
jobless rate hits 6.5 percent or inflation rises above 2.5 percent.
Jobless claims, which are a weekly guide to employment, declined for the week ending August 30, by 9K down to 322K which is the
lowest print of 2013.
The state's
jobless rate remained
lower than...
And now there's a new challenge: Canada's inflation is rising at the fastest pace in seven years, while at the same time, the
jobless rate is at the
lowest in four decades and the expansion is running up against capacity.
On the data front, initial
jobless claims increased to 211,000 in the prior week, but remain near the
lowest level since 1973.
Unemployment data underlined the extent of the recovery in labor markets, with the ratio of
jobless workers falling to its
lowest level since 2009, although around a tenth of the workforce still remained out of work.
The
jobless rate plummeted to a nine - year
low of 4.6 percent.
The U.S.
jobless rate was 4.1 percent, the
lowest in 17 years.
The numbers: One week after falling to the
lowest level since 1969, initial U.S.
jobless claims rebounded but only slightly.
The
jobless rate probably held at a six - year
low of 5.9 percent, the survey showed.
Furthermore, initial
jobless claims continue to trend
lower.
A fall in weekly U.S.
jobless claims to a near six - year
low reinforced views that the economy is...
U.S. stocks rose as investors digested
jobless claims data which fell to a three month
low ahead of Friday's monthly employment report.
The seasonally adjusted
jobless rate in the United Kingdom declined to 4.3 percent in the June - August quarter, the
lowest since 1975 and slipping from close to 5 percent from the period a year earlier, according to the Office for National Statistics (ONS)
After last week's sharp drop in initial
jobless claims to 209k, the
lowest since 1969, they stayed pretty
low this past week.
«It isn't out of the realm of possibilities that we could see a
jobless rate as
low as 3.5 percent, last seen in 1969 when the Beatles were still cranking out hits,» he said.
For the last six months, the
jobless rate has stayed at 4.1 percent, a 17 - year
low.
The seasonally adjusted
jobless rate in the United Kingdom declined to 4.3 percent in the June - August quarter, the
lowest since 1975 and slipping from close to 5 percent from the period a year earlier, according to the Office for National Statistics (ONS), which published the data on October 18, 2017.
The four - week average of initial
jobless claims hit the
lowest level since 2000.
U.S.
jobless claims continue to be at
low levels.
Meanwhile, weekly
jobless claims totaled 243,000, hitting a more than one - month
low, the Labor Department also said.