U.S. Jobless Claims Down 38K to 406K in May 22 Week
Worker filings for jobless benefits fell again to a fresh pandemic low, extending a steady downward trend and adding to signs of a healing labor market and a broader, though uneven, economic recovery.
Initial unemployment claims for regular state programs, a proxy for layoffs, fell last week to 406,000 from 444,000 the prior week, the Labor Department said Thursday. That level represents the lowest levels of claims since the coronavirus pandemic’s onset last year and the fourth consecutive week claims have reached a new pandemic low. Economists surveyed by The Wall Street Journal had forecast there were 425,000 new claims last week.
Wall Street no cree en Alberto Fernández: solo escucha a Cristina iprofesional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iprofesional.com Daily Mail and Mail on Sunday newspapers.
Argentina seeks more time to repay debt
As the Argentine Minister of Economy tries to persuade rich countries to postpone the payment of US$2.4 billion in debt due on May 30, some investors worry that his efforts to avoid another default are being affected by Vice President Christina Fernandez de Quich The destruction of a faction led by Cristina Fernández de Kirchner.
The 38-year-old Chancellor of the Exchequer Martin Guzmán will tour the European capitals with President Alberto Fernández this week, calling on 22 of them including the United States, Japan, France and Germany. The members of the country’s “Paris Club” postpone the payment of its debts.
‘Job Paradox’ Baffles Economists as U.S. Employers See Shortage
Bloomberg 7 hrs ago
(Bloomberg)
As the U.S. job market comes roaring back, there’s a growing debate about whether there are enough workers to power faster economic growth.
Companies from fast food chains like Chipotle Mexican Grill Inc. to chicken producer Pilgrim’s Pride Corp. and MGM Resorts International say they can’t find or entice enough workers. In earnings calls and business surveys, executives often blame stimulus checks and generous unemployment benefits for hampering hiring efforts.
But economists and policy makers are unclear about what’s really causing this gap and how long it will last. Hiring remains robust for now, indicating these labor disparities aren’t necessarily a problem. The worry is if labor shortages do persist especially in the leisure and hospitality industry that could slow demand and possibly lead to price increases.
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MCLEAN, Va., April 08, 2021 (GLOBE NEWSWIRE) Freddie Mac (OTCQB: FMCC) today announced pricing of the first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2021 a securitization of approximately $1.2 billion including both guaranteed senior and unguaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT securitization program is a fundamental part of Freddie Mac s seasoned loan offerings which reduce less liquid assets in its mortgage-related investments portfolio and sheds credit and market risk via economically reasonable transactions.
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2021-1 includes approximately $1.1 billion in guaranteed senior certificates and approximately $85 million in unguaranteed mezzanine and subordinate certificates. The mezzanine certificates will be rated. The transaction is expected to settle on April 13, 2021. The underlying collateral consists of 11,123 fixed-, s