Tag: expected

Jobless Data Is Expected to Show That Progress Is Slowing: Live Business Updates

Credit…William DeShazer for The New York Times

Labor Department data on Thursday morning is expected to show that applications for jobless benefits remained high last week as employers continued to lay off workers six months after the coronavirus pandemic first rocked the U.S. economy.

Economists surveyed by FactSet anticipate little change from the week before, when initial claims for state benefits totaled 790,000 without seasonal adjustments.

That is far below the more than six million people a week who were filing for benefits during the peak period of layoffs last spring. But hundreds of thousands of Americans are losing their jobs each week, and millions more who were laid off earlier in the crisis are still relying on unemployed benefits to

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TEXT-Thai central bank holds policy rate at record low of 0.50%, as expected

BANGKOK, Sept 23 (Reuters) – Following is Wednesday’s statement from Thailand’s central bank after it left the benchmark one-day repurchase rate unchanged at a record low of 0.50%, as expected, and slightly upgraded its economic outlook for this year.

All 18 economists in a Reuters poll had expected the central bank to remain on hold after it already cut rates by 75 basis points so far this year.

TEXT: Titanun Mallikamas, assistant governor and secretary of the Monetary Policy Committee (MPC), announced the outcome of the Sept. 23 meeting as follows:

The Committee voted unanimously to maintain the policy rate at 0.50 percent.

In deliberating their policy decision, the Committee assessed that the Thai economy would contract in 2020 slightly less than the previous forecast, but would expand in 2021 at a lower rate than previously forecasted mainly due to the slow recovery of foreign tourist figures.

The Committee would

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It took way longer than I expected to buy a house from start to finish

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When I left Seattle in June to buy a house in my hometown of Cincinnati, Ohio, I had no idea that it’d be September before I had the keys to a house in my hands. 

It took me about four months to find the right place. As a first-time homebuyer, I had no idea what to really expect from the process until I was in it. And shopping in a newly hot market during a pandemic certainly added to the timeline. I didn’t expect it to take months, and the fact that it took so long made it difficult to plan my living situation and budget while I looked. 

As a first-time homebuyer,

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N.J. unemployment claims drop below 20K for first time in 5 weeks. $300-a-week extra payment expected next month.

New weekly unemployment claims dipped 14% for the week ending Sept. 12, bringing the weekly claims filing to a new low for the first time in five weeks, the state Department of Labor said.

About 19,600 new unemployment claims were filed last week — the fewest applications since the 13,822 during the week ending Aug. 8, which saw the lowest number of new claims during the pandemic.

It brings the total number of New Jersey workers who applied for unemployment benefits since the pandemic hit in mid-March to 1.58 million people, with 1.38 million of those being eligible. Of those, 96% have received at least one payment.

“We’re grateful to see more New Jerseyans returning to work, but we are also keenly aware of how many employees and small business owners remain unemployed, often for the first time in their lives,” said Labor Commissioner Robert Asaro-Angelo. “It’s these workers —

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US weekly jobless claims 860,000, more than expected but still decline

  • New US jobless claims for the week that ended Saturday totaled 860,000, the Labor Department said Thursday. That came in slightly above the consensus economist estimate of 850,000 but marked an encouraging decline from the prior week.
  • Continuing claims, the aggregate total of people receiving unemployment benefits, amounted to 12.6 million for the week that ended September 5. That was lower than economist forecasts and also slid from the week before.
  • Visit Business Insider’s homepage for more stories.

The number of Americans filing for unemployment benefits decreased last week, offering an encouraging sign for the ongoing US economic recovery.

New US weekly jobless claims totaled an unadjusted 860,000 for the week that ended Saturday, the Labor Department reported Thursday. That reading slightly exceeded the median economist estimate of 850,000 compiled by Bloomberg, though it did reflect a decline from the prior period.

Continuing claims, which represent the aggregate total of

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Australia central bank policy measures working as expected – official

FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz

SYDNEY (Reuters) – Monetary stimulus launched by Australia’s central bank to support the virus-stricken economy has worked to lower interest rates and improve supply of credit in the economy, a senior official said on Thursday.

The Reserve Bank of Australia (RBA) had slashed interest rates to a record low 0.25% in an emergency meeting in mid-March and launched an “unlimited” government bond buying programme together with a cheap funding facility for banks.

In a speech titled “New Financial Statistics: The Value of Sound Data in Troubled Times”, RBA Head of Domestic Markets Marion Kohler said a new data collection project has helped boost its understanding of how the financial sector was responding to the pandemic.

Kohler said the project, which involves the prudential regulator, the statistics bureau and

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Virtual Router Market Is One Of The Fastest Growing Business Nowadays and Expected to Reach at $515.00 million by 2025, Report

Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Allied Analytics :The Objective of the Virtual Router Market report is to depict the trends and upcoming for Virtual Router Industry over the forecast years. In Virtual Router Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2018 to 2025 mulling over 2017 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

According to the report, the global virtual router market was valued at $90.00 million in 2017, and is likely to accrue a sum of $515.00 million by 2025, growing at a CAGR of 24.40% from 2018 to 2025.

A detailed analysis of the market dynamics, which includes the drivers, restraints, and opportunities of the industry is offered in the study. Factors such as

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French recession seen less dire than expected at -8.7% in 2020 – central bank

PARIS, Sept 14 (Reuters) – France’s economy will contract in 2020 by less than expected only a few months ago as business activity and consumer spending bounced back after the country emerged from one of Europe’s strictest coronavirus lockdowns, the central bank said on Monday.

The forced closure of most shops, offices and cafes for nearly two months until May 11 plunged the economy into one the deepest recessions in Europe with an unprecedented 13.8% slump in the second quarter from the previous three months.

The central bank estimated in its quarterly outlook that activity was now back to running 5% below normal levels, which translated into a 16% surge in third quarter gross domestic product from the previous quarter.

That left euro zone’s second-biggest economy on course to shrink 8.7% for this year as a whole, by far France’s worst post-war recession but less than the 10.3% slump that

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Initial weekly jobless claims total 884,000, versus 850,000 expected

The Daily Beast

‘Miracle With a Sad Ending’: Couple Survive But Lose Baby in Wildfire Chaos

When he couldn’t reach his cousin Jake Hyland on Monday, Jim Mabry drove to his family’s remote property in rural Washington state, where wildfires turned pastures of 4-foot-high sage into dust.Jake and his wife, Jamie, along with their 1-year-old son, Uriel, were visiting their land in Okanogan County when flames from the Cold Springs Fire ripped through the area. Relatives couldn’t reach the couple, or emergency services, because power lines were down.On Tuesday, Mabry discovered Jake’s truck stuck in a ravine, about a quarter of a mile from the land. The vehicle had blown through a barbed wire fence. Its windshield had melted, and the steering wheel and dashboard were obliterated, he recalled.“When I first saw the truck, I didn’t want to search,” Mabry told The Daily Beast. “I was so convinced I was

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Japan Business Intelligence and Analytics Software Market is expected to grow at a CAGR of 9.5% from 2020-2026

With a CAGR of 9.59%,Japan Business Intelligence and Analytics Software Marketprojected to grow, in terms of value, over the 2019-2026 forecast period, to reach USD 1473.38 million by 2026.

Due to the tremendous increase, especially in mobile users, the sector has additional added value. Business intelligence software allows enterprises to make informed decisions based on logical facts involving market trends and patterns of consumer purchases.In addition, growing adoption of data analytics end-use industries to analyze the data and make more informed business decisions is expected to drive demand for business intelligence and analytics software. Due to the tremendous increase the sector has added value, particularly in mobile users.

Request to get the report sample pages at :https://www.blueweaveconsulting.com/japan-business-intelligence-and-analytics-software-market-bwc20091/report-sample

The increasing demand for cloud-based business intelligence and analytics software in the delivery model sector is driving the market. The software allows users to access data from mobile devices, tablets,

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