FILE PHOTO: Construction workers brave hot weather and shade as they build a large office building in the biotechnology sector in San Diego, California, July 2, 2024. REUTERS/Mike Blake WASHINGTON (AP) — American employers delivered another healthy hiring run in June, adding 206,000 jobs and again demonstrating the U.S. economy's ability to withstand persistently high interest rates. Last month's payroll growth was down from 218,000 in May, but it was still a strong increase and reflects the resilience of America's consumer-driven economy, which, while slowing, is still growing steadily. WATCH: What's behind the historic stock market surge and how it…
Author: Private Lending Agent
Author: Joe Killinger This post originally appeared on Joe Killinger Blog and is republished with permission. Learn how to submit your blog on theBrokerList. In the real estate industry, mentoring involves more than imparting wisdom. It also involves giving back and nurturing the next generation of professionals. While mentoring others can be a fulfilling experience, it's important to think strategically about whether or not to take on this role. Here are some indicators that it's a good idea to consider mentoring a young real estate agent:First, think about your background and skill level. Have you spent a significant amount of…
Calculated Risk July 5, 2024 9:14 AM The June employment report showed higher-than-expected payrolls, but revised down the April and May payrolls by a combined 111,000. The participation rate increased, the employment rate remained unchanged, and the unemployment rate rose to 4.1%.Construction employment increased by 27,000, 630,000 above pre-pandemic levels. Manufacturing employment fell by 8,000 and is now 170,000 above pre-pandemic levels. Prime (25-54 years old) participantsBecause overall participation rates are affected by both cyclical (recessions) and demographic factors (ageing population, young people staying in school), the employment-population ratio for the main working-age group, 25-54 years old, is:Participation among those…
The year-over-year numbers paint a different picture, with total mortgage fixeds increasing by 6.11%. Purchase fixeds increased by 5.01% and the volume of rate/term refinances jumped 92.17% compared to last year. However, the volume of cash-out refinance fixeds decreased 3.9% year-over-year. Read next: Buying vacant land – why it brings different challenges Andrew Rose, Senior Director and Head of Trading at MCT, commented on the potential impact of upcoming economic reports: “If the upcoming Non-Farm Payroll report and Consumer Price Index (CPI) continue to be in line with expectations and these economic indicators continue to show progress, then a rate…
This post originally appeared on tBL Marketplace Partner FinQuery's blog and has been republished with permission. Learn how to syndicate your content on theBrokerList.Operating expenses are a fundamental component of a company's financial statements, found on the income statement or profit and loss statement, and represent the costs associated with a company's day-to-day operations. Understanding and managing these expenses is essential to maintaining profitability and achieving financial goals. This article explains the definition of operating expenses, their types, accounting treatment, and their impact on financial statements.What are operational costs?Operating expenses, often abbreviated as OpEx, are the costs necessary to run…
Connery receives $10,000 in fifth contest The award was presented at the Wawa Welcome America Festival in Philadelphia on July 4th. BOCA RATON, Fla., July 5, 2024 /PRNewswire/ — Freedom Mortgage, the largest full-service independent mortgage company in the nation and a leading Department of Veterans Affairs (VA) and Federal Housing Administration (FHA) (government-guaranteed) lender, has named Naomi Connelly of Dover, New Hampshire, this year's recipient of the company's Celebrate Freedom Award. Connelly was formally honored on July 4 at the Wawa Welcome America Festival in Philadelphia, followed by a Celebration of Freedom ceremony in front of Independence Hall. Connelly…
Looking for the latest mortgage rates to help you make a buying or refinancing decision? We can help.Here you can view today's mortgage rates, updated daily based on data from Bankrate, so you have the most up-to-date data when buying or refinancing a home.30-Year Fixed Rate MortgageThe average interest rate on a standard 30-year fixed mortgage was 7.08 percent, up 0.08 percentage point from last week's 7.00 percent.A 30-year fixed rate mortgage is the most commonly sought loan term. A 30-year fixed rate mortgage will have a lower monthly payment than a 15-year fixed rate mortgage, but will usually have…
New Labour Chancellor Keir Starmer is due to set out his position in a King's Speech on July 17. (Reuters/Reuters)The Labour Party won a landslide victory on Thursday night, giving it 412 seats in the British Parliament as of midday on Friday.Eleven members of the outgoing Conservative government lost their seats, and Chancellor Rishi Sunak suffered a crushing defeat.Markets were relatively calm after the election as they expected a Labour victory. Here are some reactions and predictions from analysts and pundits on how the coming weeks and months might play out.marketThe pound and the FTSE 100 (^FTSE) were calm in…
The first Newsround under a Labour government – a historic day. New Labour Government It's a landslide victory for Labour but it will have some landlords feeling uneasy. Hopefully their fears will be largely unfounded, but I have no doubt that once this is under control, Section 21 will be repealed. The good news for landlords is that the economy will hopefully stabilise and bring greater prosperity, which will mean fewer rent arrears and hopefully more financial support for landlords to implement the 'green' improvements to their properties needed to meet the standards by 2030. Labour's proposals to build more…
Calculated Risk July 5, 2024 8:30 AM From the BLS: Employment Status The U.S. Bureau of Labor Statistics announced today that total nonfarm payrolls increased by 206,000 in June, while the unemployment rate was little changed at 4.1%. Job gains were seen in the government, health care and social assistance, and construction sectors. …The change in total nonfarm payrolls for April was revised downward by 57,000 from +165,000 to +108,000, and the change in May was revised downward by 54,000 from +272,000 to +218,000. With these revisions, the combined payroll for April and May was down 111,000 from the last…