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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (11871)	9/16/2004 10:09:23 AM
From: redfish	Respond to of 116555

Given that the deductible is a percentage of the home's value, the hot real estate market in parts of Florida has been a real boon for the insurance companies. Hard to find a home for less than $100k in WPB anymore.

To: Pogeu Mahone who wrote (11871)	9/16/2004 11:16:38 AM
From: mishedlo	Respond to of 116555

U.S. jobless claims rebound in latest week - Thursday, September 16, 2004 3:04:32 PM WASHINGTON (AFX) - The number of workers filing for state unemployment benefits rebounded by 16,000 in the week ended Sept. 11 to 333,000, the Labor Department said Thursday The increase was expected after claims dropped sharply last week in part from the hurricanes that hit Florida in the past month. But the rebound was less than Wall Street expected. The consensus forecast of Wall Street economists was for claims to rise to 341,000 Claims in the week ended Sept. 4 were revised to 317,000, a decrease of 43,000, compared with the initial estimate of 319,000, a decline of 44,000. A Labor Department official said there was no clear impact on claims this week from the two hurricanes that hit Florida But he said there continued to be problems adjusting the data for seasonal factors and therefore the four-week moving average was a better gauge of the labor market's strength Matt Johnson, an economist at ThinkEquity Partners, said it was difficult to read the recent claims data The four-week average of initial claims, which smoothes out distortions caused by weather and holidays, held steady at 338,000 in the week ended Sept 11 "Our view continues to be that that current quarter hiring has been slower than seen earlier this year, owing to the sluggish economic period of the second quarter," Johnson said "With economic conditions firming since the second quarter, firms should exhibit a small degree of catch-up hiring late in the current quarter, then more accelerated hiring toward year-end," he said The number of former workers continuing to receive state benefits fell 3,000 to 2.882 million in the week ending Sept. 4 The four-week moving average of continuing claims fell 2,500 to 2.883 million. This is the lowest level since the week ended July 31 The insured unemployment rate held steady at 2.3 percent for the week ending Sept. 4