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Breaking Unemployment rate benefit extension update; EUC and jobless claims news now November 21, 2014

Posted on | November 21, 2014 | 5 Comments

Unemployment benefit extension and jobless claims news update today November 21, 2014:
The jobless claims numbers looked good once again this week and the economic recovery process in the U.S. continues to take positive steps in the right direction. This may be generally good overall for the U>S. economy, but it does little to promote awareness for the still unemployed and the still long term jobless that struggle daily without federal benefits to support their job search.

Jobless claims data review:
The number of Americans filing for initial jobless claims dipped lower last week and this data is received as another sign that the job market in the U.S. is strengthening. According to the Labor Department, the number of Americans that filed for first time unemployment dropped by 2,000 to a seasonally adjusted rate of 291,000 in the week ended November 15, 2014. Claims for first time unemployment have posted below the 300,000 threshold now for 10 consecutive weeks.

Long term unemployed and extended Benefits in 2014:
The positively skewed data does little to promote talk of another unemployment benefit extension deal. Congress allowed unemployment benefits for the long term unemployed to expire back in December of 2013 and the talk of another extension has diminished greatly since that point. After the Senate passed a deal to extend benefits on to the House in late Spring and the House declined to vote on the deal, little more has been done to pass another extension. Many House Republicans do not believe that a benefit extension is the answer and instead, believe that legislation that promotes job growth is key.

Critics of another extension deal point to numbers that show that fewer Americans are in need of benefits. For instance, the Labor Department just reported that the number of people still receiving benefits after an initial week of aid dropped 73,000 to 2.33 million in the week ended November 8, 2014. Is this a sign that Republicans are right to minimize the need for another unemployment extension?

Genny Germano

Mortgage rates today; prime rate and mortgage payment calculator; U.S. Housing Sector Competition on the rise in 2014

Posted on | November 22, 2014 | No Comments

Existing home sales news update today November 22, 2014:
The economic recovery process in the U.S. continues to step in the right direction and the U.S. housing sector is benefiting as a result. U.S. existing home sales rose to their highest level in over a year according to the National Association of Realtors’ most recent monthly report. The NAR reported that existing home sales in October rose 1.5 percent in October to annual rate of 5.26 million units. This rate was very upbeat and represented the highest rate since September of 2013. Compared to a year ago, sales rose higher by 2.5 percent. This is the first time in the year that the data has shown year over year annual gains for existing home sales.

The upbeat report is good news for the housing sector and good news for the general recovery process. Mortgage applications are on the rise and this implies that activity in the housing sector should continue to strengthen. The still low mortgage interest rates are acting as a catalyst for the positive sector activity.




Mortgage Application news and notes today November 22, 2014:
The Mortgage Bankers Association revealed last week that the number of people looking to buy rather than refinance surged in the latest week. The market composite index, a measure of total loan application volume, moved higher by almost 5 percent. One note though regarding application data is that overall application volume is still below numbers form last year at this time.

Mortgage Interest Rates News Review November 22, 2014:
Freddie Mac reported that interest rates for the standard 30 and 15 year fixed loans dipped lower in the most recent analysis. According to survey results, the interest rate for the 30 year fixed home loan dropped to 3.99 percent. The interest rate for the 15 year fixed home loan slide to 3.17 percent.
The recent uptick in the number of people looking to buy rather than refinance could also prompt even more could-be buyers to step from the sidelines. The increase in competition may spark a rush to lock into contracts sooner than later as this calendar year comes to a close.
Bankrate offers a mortgage calculator tool that can be found here.

Stephen Johnson

Breaking DJIA stock news; Dow and S&P 500 index records; Economic news and stock market update November 21, 2014 open

Posted on | November 21, 2014 | No Comments

Today’s stock market news update today November 21, 2014 at open:
Although stock futures posted in the red prior to opening bell last session, all three primary U.S. stock composites recovered in noteworthy fashion and finished the day with gains across the board.

Dow Jones Industrial Average, Nasdaq, S&P 500 stock index close review:
The Nasdaq finished up by .56 percent at 4,701.87. The S&P 500 rose higher by .20 percent to close at 2,052.75 and the Dow Jones Industrial Average rose higher by .19 percent to close at 17,719.00 last session.


Dow top stock gains last session update:
INTC and MSFT stock gains were primary on the Dow Jones Industrial Average last session. INTC stock moved higher by 4.66 percent to close at 35.95. MSFT stock rose higher by 1 percent to close at 48.70.

Dow Bottom Dwellers last session close:

DIS stock price dipped by 1.02 percent to close at 88.90 and JPM stock fell back by .79 percent to close at 60.12 as of close last session.

Recent economic news review today:
The housing sector in the U.S. received a bit of news last session and the data was generally positive. The National Association of Realtors reported that sales of existing homes rose higher by 1.5 percent in October to the seasonally adjusted rate of 5.26 million. This level was not only positive, but it represented the best level for existing home sales since 2013. Low interest rates pairing with an improving economy is said to be the catalyst for uptick in housing sector activity recently.

In other recent economic news, the Labor Department reported that the number of Americans applying for first time unemployment benefits fell by 2,000 to the seasonally adjusted rate of 291,000 for the week ended November 15, 2014. The Labor Department reported that the unemployment rate for people receiving jobless benefits is at 1.8 percent.

Economic data was generally upbeat last session and this helped the primary U.S. stock composites climb to new records. The Dow Jones Industrial Average and S&P 500 finished at new closing highs. The record close for the indices comes just two days after they both reached record levels on Tuesday. Investors will tune in today to see if the positive trend-lines continue in the U.S. today.
Prior to opening bell this morning, stock futures were positive across the board. The U.S. stock market appeared poised to post gains after opening bell today and close out the week with gains and maybe even new record highs. the black cloud hovering though is the rest of the world. Market indices in Europe and Asia are not tracking as well this week and this could dampen confidence and optimism in the U.S.

Frank Matto

Breaking DJIA news; Today’s Dow Jones Industrial Average, Nasdaq index, S&P 500 market scoop at mid-day

Posted on | November 20, 2014 | No Comments

Stock market news update and stock composite trend review mid-day November 20, 2014:
Stock futures were red across the board this morning and stocks in the U.S. were positioned for the weaker open. Traders staggered into the marketplace today hoping to avoid the negatively skewed trends that posted last session. The DJIA, as well as the Nasdaq and the S&P 500, all closed with losses yesterday. This morning, the U.S. marketplace took ques from trading overseas. Asian indices closed with losses and the European indices were tracking through negative territory early as well.
Global market activity is depressed as a result of the HSBC report. It showed the manufacturing output in China’s manufacturing sector posted its weakest output in half a year. Manufacturing activity in the Eurozone is also at a relative low and so global market mood is negative as a result. The decreased confidence and optimism showed in early trend-lines but as of the mid-day mark in the U.S., stock composites were mixed.

Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock index review mid-day November 20, 2014:
As of the mid-day mark, the Dow Jones Industrial Average was red by .04 percent at 17,678.12. The Nasdaq was positive by .31 percent at 4,690.29 and the S&P 500 was higher by .10 percent at 2,050.84 at mid-day today.


In other economic news today in the U.S., jobless claims data posted as did news on existing home sales.
U.S. jobless claims moved to their lower level since 2000. Initial claims for state unemployment dipped by 2,000 to a seasonally adjusted rate of 291,000 for the week ended November 15, 2014 according to the Labor Department. The four week moving average of initial unemployment claims increased 6,250 but the number of people receiving benefits after an initial week of aid declined by 73,000.
In the housing sector, existing home sales rose higher by 1.5 percent inn October to a seasonally adjusted rate of 5.26 million. This level represents the highest level since September 2013.

Frank Matto

Extended benefits for homeless children; EUC 2014 still needed so the long term jobless can get back on their feet

Posted on | November 20, 2014 | 1 Comment

Homeless news and jobless benefit extension ECU 2014 update November 20, 2014:
According to recent data posted via the National Center on Family Homelessness, the number of children considered homeless is on the rise. The Center reports that 1 in 30 children in the U.S. is considered homeless and that the high homeless rate in the U.S. is due to high poverty levels.
The reported reveled that approximately 2.5 million total children (including those not in school yet) were homeless last year. This level is derived from the Department of Education numbers paired with assumptions on the number of homeless children not yet registered as school age. The child homeless rate increased by about 8 percent from 2012 to 2013.
Parental employment is listed as a primary variable associated with homelessness. Long term employment greatly diminishes problems associated with homelessness. The problem in American right now though is that there is still a rate of long term unemployment that is far too high. The Federal Reserve recently indicated that the overall unemployment rate remains elevated due to the high level of joblessness among the long term unemployed. The unemployed in the U.S. need to find gainful employment to avoid the problems with homelessness and, contrary to what House Speaker John Boehner may think, they are trying. A recent study suggests that the long term unemployed are not less attached to the labor market than short term unemployed workers. Boehner said that the long term unemployed are sick for sitting at home and waiting for benefits. New York Fed Researchers found otherwise. Long term unemployment benefits are needed to reduce the homelessness numbers and to support the search for gainful employment during 2014.


Genny Germano

Spot gold per gram rate and gold contract December delivery per ounce update; Today’s gold and silver per ounce trends

Posted on | November 19, 2014 | No Comments

Spot gold per gram and spot silver per ounce precious metal gold and silver trend review today November 19, 2014:
Gold and silver prices struggled during the initial half of trading today. Spot gold per gram rates were tracking through the red and gold contract for December delivery was posting negative price trends as well.
As of the mid-day mark today, spot gold per gram and December contract gold price stood on negative ground.
Gold and silver contract price review today November 19, 2014 mid-day:
December contract silver price posted lower at mid-day by 1.4 percent at the electronic rate of 1,179.60 per ounce. December contract silver price was lower by 1.04 percent at 16.00 per ounce.
One month price trend-lines for both gold and silver are in the red at this time. One month price change for gold is negative by approximately 4 percent. One month price change for silver is negative by 7.4 percent right now.

Spot gold per gram and spot silver per ounce price review today November 19, 2014:
Spot gold per gram price posted at 38.30 as of mid-day and spot silver per ounce price posted at 16.36 as of the mid-day mark today.
The recent slide in gold price could be the opportune tie for traders to buy low. Jewellers are thinking the same thing. The holiday season is upon us and making sure supply is available for the seasonal demand is on the minds of most business dealing in the precious metal marketplace.
The demand of the holiday season should support gold prices in the short term.


Camillo Zucari

tbi; diffuse axonal injury update today November 19, 2014: TRAUMATIC BRAIN INJURY; What is next after TBI

Posted on | November 19, 2014 | No Comments

Diffuse Axonal Injury (tbi) news update today November 19, 2014:
Diffuse axonal injury is a brain injury that can be a common cause of death for persons suffering from a TBI. If one has an axonal diffuse brain injury, the white matter in their brain is damaged and this can be detrimental due, in part, to lesions that might develop as a result. Often, given this diagnosis, a majority of afflicted patients fall into a coma. Once in a coma, it is difficult to predict how long the coma could last.
Contrary to what many might think, diffuse axonal injury DFI likely stems from the brain moving violently inside of the skull. It is not necessarily directly linked to a severe blow to the head. Brain damage and a loss of consciousness are associated with the injury.
In recent news, Jules Bianchi, a Grand Prix racer, was in a very violent crash during the Japanese Grand Prix. He was placed in intensive care and remains in intensive care at this time. Bianchi is suffering from tbi and fighting for his life in Japan. Bianchi was racing for the Marussia Team during the Grand Prix which was halted after the accident occurred. The team has not made an official announcement regarding their continued participation in the race.


Bianchi’s injury is categorized as diffuse axonal brain injury due to damage in the brain and loss of consciousness. Severity of the injury will depend on the amount of time in a coma paired with the memory loss and brain scan imaging results.

Nancy Lee

breaking djia news; Today’s Dow Jones Industrial average, Nasdaq, S&P 500 market update; google finance quotes top Nasdaq TERP and CYHHZ

Posted on | November 18, 2014 | No Comments

Breaking stock market DJIA, Nasdaq, S&P 500 news update mid-day November 18, 2014:
The DJIA, as well as the Nasdaq and the S&P 500, were able to break away from the cold temperatures that muted positive movement earlier. As of the halfway point in the trading session today, the Nasdaq, S&P 500 and Dow Jones Industrial Average were all posting in positive territory.
Stocks rallied during the initial half of trading today just one day after traders felt the burn of a volatile marketplace in the East. Globally, market news gave investors a boost today. Hope is renewed that stimulus measures will be pushed ahead in Japan and a better than expected reading on German investor sentiment also pumped confidence inn the marketplace through mid-day.
Current Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review mid-day November 18, 2014:
As of the halfway point in the trading session today, the Dow Jones Industrial Average was up by .24 percent at 17,690.42. The Nasdaq was up by .67 percent at 4,702.32 and the S&P 500 was higher by .47 percent at 2,050.96.

As of the mid-day mark today, the Nasdaq was the top index gainer of the three. Several stocks on the index were highly supportive.
Top stock on the Nasdaq through mid-day today November 18, 2014:
TERP and CYHHZ were to stock gainers on the Nasdaq as of the mid-day mark. Terraform Power Inc. stock is up 31 percent at 34.01 as of mid-day. Community Health System stock is up by 31.18 percent at the mid-day point.



Frank Matto

today’s mortgage rates news; 15 and 30 year fixed freddie mac home loan and home price trends

Posted on | November 18, 2014 | No Comments

Mortgage interest rates 30 and 15 year fixed and housing sector news update today November 18, 2014:
Freddie Mac reported that interest rates for the standard 30 and 15 year fixed home loans recently dipped just a bit in the most recent analysis. Although rates had been on the rise for a coupe weeks prior to the most recent evaluation of rates, mortgage interest rates still remain near relative lows. The dip in rates makes home purchasing power greater and ultimately makes many homes more affordable.
Even though home prices have reached some of their highest levels since the last recession, home affordability remains high due, in part, to the recovering economy. National Association of Home Builder’s chief economist David Crowe reports that home affordability is high because of rising employment and income and still lower mortgage interest rates. Freddie Mac recently reported that mortgage interest rates for the standard 30 and 15 year fixed loans recently dipped.

Current mortgage interest rate update today November 18, 2014:
Mortgage rates for the standard 30 and 15 year fixed home loan plans dipped lower last week according to Freddie Mac’s survey results. Freddie Mac reported that the interest rate for the 30 year fixed home loan dropped from 4.02 percent to 4.01 percent last week. The interest rate for the 15 year home loan dropped from 3.21 percent to 3.2 percent according to Freddie Mac’s survey.

Freddie Mac posted its U.S. Economic Housing Market Outlook for November and it showed that Freddie Mac expects the general economic recovery process in the U.S. to strengthen and as a result, the housing sector is expected to grow stronger as well.



Stephen Johnson

30 and 15 year mortgage rates; interest rates low and home prices rise during 2014; Home loan and housing sector news

Posted on | November 17, 2014 | No Comments

Home affordability and mortgage interest rate review today November 17, 2014:
The economic recovery process continues to move forward and various sectors continue to strengthen. In the U.S., the housing sector recovery process steps ahead as do home prices. Home prices in the United States are moving up and housing is becoming slightly less affordable according to recent reports.
The National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI)indicated that home prices in markets across the country notched higher in the third quarter of 2014 and this decreased housing affordability nationwide.
According to the HOI, the percent of new and existing homes sold between the beginning of July and the end of September that were affordable posted at 61.8. This ranking links affordability to the median family income in the U.S. which posted at just under $64,000. The most recent affordability index percentage was down from 62.6 which posted the quarter prior.
In the second quarter, the national median home price posted at $214,000. In the third quarter, the national median home prices rose higher to $221,000. Prices for U.S. homes have been rising since 2007, but so has employment and income.
Despite the rise in home price recently, this time in the U.S. is still considered a very good time to buy. Home prices are still generally low and mortgage interest rates remain near a relative low as well. Mortgage interest rates for the standard 30 and 15 year plans between the second and third quarters were negatively skewed.
Current mortgage interest rate update November 17, 2014:
Current mortgage rates recently slipped lower for the standard 30 and 15 year fixed home loans. Freddie Mac reported that the 30 year fixed interest rate fell from 4.02 percent to 4.1 percent. The 15 year fixed rate notched lower from 3.21 percent to 3.2 percent in the latest week.

Although mortgage rates recently rose higher, they are still near historic lows. This news is very positive for the housing sector and very positive for could be home buyers. Home prices are on the rise but still affordable, especially considering the improvement in employment. Current interest rates remain near relative lows and this fact should act as a catalyst for potential first-time home buyers. The perfect home could be just around the bend. Low rates and affordable home prices should continue to make this time of year a good time to buy a new or existing home in the U.S.



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