Lowest Unemployment Rate in Months, Continuing Gradual Recovery

first_imgHome / Daily Dose / Lowest Unemployment Rate in Months, Continuing Gradual Recovery Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Unemployment 2020-08-13 Christina Hughes Babb Though nowhere near pre-pandemic numbers, jobless claims are dropping. California leads states in largest decline in decreases.The total number of new weekly unemployment insurance claims fell below the 1 million mark for the first time since March, according to data released by the U.S. Department of Labor.Initial jobless claims for the week ending August 8 totaled 963,000, down from an upwardly revised 1.19 million one week earlier. Continuing claims for the week ending August 1 totaled 15.48 million, down from 16.1 million in the prior week.The largest increase in initial claims for the week ending August 1 was in Rhode Island with a relatively mild uptick of 87 new claims. The states that saw the largest decreases during that week were California (-22,610), Virginia (-19,048), Texas (-14,095), Florida (-13,176), and New Jersey (-11,489).The new report saw the end of a 20-week streak where more than 1 million new claims were being filed on a weekly basis. Before the pandemic, weekly jobless claims were routinely below the 250,000-mark. More than 56 million people filed new unemployment claims since March 20.The advance seasonally adjusted insured unemployment rate was 10.6% for the week ending Aug. 1. White House economic adviser Larry Kudlow greeted the news with a prediction that the unemployment rate could return to single-digit levels as early as this month, adding that third quarter growth could reach 20% or more.“The key point that I would make is the economy is rebounding, it looks like a V-shaped recovery and the recent news now is even better than it was a month ago,” Kudlow said in a virtual appearance during a conference sponsored by the Council of the Americas.However, Mark Hamrick, Senior Economic Analyst at Bankrate.com, told USA Today that it was still too soon to announce “mission accomplished” in regard to believing the economy was in a full-throttle recovery mode.“What we’re really doing is recovering some of the jobs lost,” Harmick said.A more cautiously optimistic vision came from Doug Duncan, SVP and Chief Economist at Fannie Mae.“This morning’s unemployment insurance claims report showed the labor market is continuing its gradual improvement,” Duncan said, who warned that although “the pace of decline in claims had paused briefly, it appears to be accelerating again, an encouraging sign for the labor market recovery. However, the initial claims figure still remains above the peak value seen during the previous recession, and we note the headline number does not include an additional 489,000 claims filed under the Pandemic Unemployment Assistance program.”Duncan added that while the level of continued claims was in decline, this figure “still remains at historically unprecedented levels and continues to indicate that while improving, the total extent of joblessness and income curtailment remains significantly elevated.” Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago About Author: Phil Hall Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Tagged with: Unemploymentcenter_img Lowest Unemployment Rate in Months, Continuing Gradual Recovery Demand Propels Home Prices Upward 2 days ago August 13, 2020 1,093 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Sign up for DS News Daily Previous: How COVID-19 Is Driving Migration Trends Next: HUD’s Carson Provides Opportunity Zone Updates The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

I got my job… thanks to Personnel Today

first_imgRelated posts:No related photos. Comments are closed. Previous Article Next Article I got my job… thanks to Personnel TodayOn 6 Jan 2004 in Personnel Today Anna Keach landed her top job at travel firm Carlson Wagonlit after seeingan advertisement in Personnel Today, and hasn’t looked back since. She was looking for a generalist HR job, but was determined that anypotential role would be backed by a company that valued HR as part of themainstream business. “I was first attracted to the role by an indication within the advertthat HR had an integral part in the success of business,” she explains. Keach was impressed by the company’s bold advertising strategy and decidedto respond to the ad, which was designed by agency Ward Diamond. “I thought the advert was unique in both the caption and the picture. Ifelt it was quite controversial and indicated a business that was willing to goagainst the norm,” she says. Her main responsibilities involve handling issues relating to TUPE, redund-ancies,counselling and disciplinary cases. She is also heavily involved in policy development, induction, interviewing,compensation and benefits, training, and some ad hoc project work. Keach joined the group from the Legal Services Commission, where she workedfor four years. However, she says her new role is much more business focused. “My new role is more ‘hands on’ rather than consultative, and thisallows you to ensure real HR issues are addressed. The job involves travellingaround the country and meeting the employees face-to-face. “I hope the move enables me to develop my generalist HR knowledgethrough this hands-on approach to supporting the business. I want to show thatI can provide expert, yet practical, service to the business,” she adds. Keach was interviewed for the position by several senior HR staff –including the HR director for Northern Europe. She has this tip for success: “Be clear about why you want thisspecific role and why you will be an asset to the business. This encouragesconfidence and enthusiasm during the interview.” last_img read more

Sachin Tendulkar teases Sourav Ganguly over ‘how much he enjoyed training’

first_imgAdvertisement 6gp52NBA Finals | Brooklyn Vs2dqWingsuit rodeo📽Sindre E6eym( IG: @_aubreyfisher @imraino ) c7jj1vWould you ever consider trying this?😱37dCan your students do this? 🌚06lnRoller skating! Powered by Firework Master-blaster Sachin Tendulkar still shares a wonderful camaraderie with his former colleagues, as it was witnessed in a recent social media post from former Indian captain and current BCCI president Sourav Ganguly. Sachin, who is also known for his sharp humour, replied to Ganguly’s Instagram post which amused his fans all around the globe.Advertisement Picture Credit: FirstpostLast week, Ganguly posted a photo of himself on social media, captioning: “A good fitness session in a cold morning is very freshning….” to which Tendulkar replied, “Well done Dadi! Kya Baat hai.”Meanwhile, Dada appreciated this comment from his dependable batsman, replying: “@sachintendulkar… thank you champion… always was a fitness freak…. u remember the great training days?”And Sachin took no time to reply back with a hilarious banter which read: “Ye Dadi.. We all know how much you enjoyed the training! Especially ‘Skipping’.”In the late 90s and early 2000s, the phenomenal pair of Sachin and Sourav took the world by storm which is even to this day an adorable memory for the Indian fans. The duo used to open for the Men in Blues and together scored over 20 centuries, the highest by an opening pair in ODI cricket.Their lethal partnership was a headache for the opponents and it also laid the foundation of a formidable Indian batting line up. Together Tendulkar and Ganguly hold the record for the most hundred-run partnerships by a pair (26) while also scoring 8227 form 176 innings with a fantastic average of 47.55.In an interview earlier, Sourav was all praise for his partner in crime saying, “These were the moments of my career I always cherish. My batting with Sachin in one-day internationals at the top was a huge learning experience.”Sachin, on the other hand, also cherished those charming days and said, “We had terrific partnerships. there were tough moments too in the middle when we discussed how and what to do to get out of the tight situations”Nostalgia much? Yeah we’re doing the same too.You may also like:Ravi Shastri: Feud against Sourav Ganguly is only ‘chaat and Bhelpuri with mirch and masala’ for mediaSourav Ganguly to talk to Kohli, Shastri about India’s weakness in batting first in T20s Advertisementlast_img read more