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Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

 

Friday, September 05, 2008

Today on the Clark Howard Show, September 5, 2008

Today on the Clark Howard Show we discussed the following:

* Delinquency and Foreclosure Rate Increase in Latest MBA Survey. The delinquency rate, which includes all loans that are at least one payment behind but doesn't include loans that are in the process of foreclosure, now stands at 6.41 percent, up 1.29 percent from a year ago. The survey reported that 2.75 percent of loans were in foreclosure an increase of 1.35 percent from a year ago.

These are the highest rates recorded since the survey started.

"The national foreclosure numbers continue to be driven by the hardest hit states continuing to get much worse. The increases in foreclosures in California and Florida overwhelmed improvements in states like Texas, Massachusetts, and Maryland," said Jay Brinkmann, MBA's Chief Economist and Senior Vice President for Research and Economics.

* The unemployment rate rose unexpectedly to 6.1 percent, a high for this cycle. The job loss was a worse-than-expected 84,000. Some economists think we're now certainly heading into a recession and expect to see job losses of 100,000 or more this fall. In any case, job losses will take some of the edge off of inflation -- at least for the moment. And, at least gas prices are falling.

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posted by Ilyce Glink at 2:01 PM 0 comments

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Tuesday, June 24, 2008

California Unemployment Reaches Nearly 7 Percent


Unemployment in California reached 6.8 percent in May the state announced recently. That's up from 6.2 percent in April and 5.3 percent in May 2007.
Contrast that with 5.5 percent for May 2008 for the United States as a whole. And 5.0 percent for the U.S. in April.
Industries which added jobs included natural resources and mining, information, educational and health services and other services.
Fields that lost jobs included construction; manufacturing; trade, transportation and utilities; financial activities; professional and business services and leisure and hospitality.
California often leads the country in determining what's cool. We'll see if it leads in predicting unemployment increases. But remember, the U.S. unemployment number often hovers around 5 percent so we've still got a ways to go before getting worried.

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posted by Melanie G. Rogers at 3:56 PM 1 comments

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I keep seeing unemployment stats go up but I see so many high paying jobs on employment sites I dont get the stats I keep reading:

http://www.realmatch.com
http://www.craigslist.com
http://www.simplyhired.com

It seems like demand for talent is still strong.

posted by Blogger Richard Jennings | June 24, 2008 10:08 PM   | more stuff

 

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Thursday, April 03, 2008

Jobless Claims Return to Post Hurricane Katrina Levels


In December 2001 a group of us went to a conference room in a high rise tower in Fairfax, Va. We knew it was coming. Layoffs.
It wasn't that we hadn't worked hard. We had. Instead our company bought a competitor with similar technology and our product was killed. And so the team that worked on it was let go. Another casualty of the dot-com bubble.
Companies all over the U.S. may be going through similar meetings as they lay off workers in 2008.
The U.S. Department of Labor announced today that 407,000 new people filed for unemployment benefits last week, a 38,000 person increase over the week ending March 22. Those are seasonally adjusted figures.
As of March 15, the states with the highest numbers of people filing for unemployment insurance were Alaska, Michigan, Rhode Island, Pennsylvania and Wisconsin.
Wisconsin and Pennsylvania both reported layoffs in the transportation industry. Other Wisconsin industries hit included the construction, trade, service and manufacturing industries. In Pennsylvania, electrical equipment, food, and public administration let people go.
CNNMoney.com reports that the jobless claims are the highest since September 2005, right after Hurricane Katrina.
If you've lost your job make sure you understand what expenses you have coming up and if you have enough money to cover them. Look at your budget and cut out what you can. Get the word out and network so you can get a new job faster. Try to stay optimistic - when one door closes another opens as they say.
And remember you can contact resume expert Liz Handlin through this web site. Click on Ask the Experts tab at the top of the page.
Melanie G. Rogers
ThinkGlink.com

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posted by Ilyce Glink at 11:02 AM 0 comments

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