Tag Archives: Rate

Jobs report shows falling unemployment rate for Black workers

May 03, 2024 Jobs report shows falling unemployment rate for Black workers Unemployment rates were low in April, and the unemployment gap between white and Black workers is narrowing. BY Pavithra Mohan One of the most notable findings from the jobs report released this morning is that job creation has finally slowed down, with employers adding … Continue reading Jobs report shows falling unemployment rate for Black workers

The Fed’s preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts

April 26, 2024 The Fed’s preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts The Fed is unlikely to cut interest rates. BY Associated Press A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and … Continue reading The Fed’s preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts

A back door to a 3% mortgage rate? This startup has a plan to unlock housing market affordability

  By Lance Lambert December 03, 2023 Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the daily free ResiClub newsletter.  Roam CEO Raunaq Singh has a bold plan to unlock housing affordability: Connect homebuyers with home sellers who have mortgages eligible to be “assumable,” enabling buyers to take over the existing mortgage, including its … Continue reading A back door to a 3% mortgage rate? This startup has a plan to unlock housing market affordability

OpenAI Text Classifier Shuttered Based On Low Accuracy Rate

OpenAI Text Classifier Shuttered Based On Low Accuracy Rate by Laurie Sullivan  @lauriesullivan, July 26, 2023 OpenAI as trained a classifier to distinguish between text written by a human and text written by artificial intelligence (AI). The company introduced the AI Text Classifier in late January, but this one failed to do its job. Apparently, … Continue reading OpenAI Text Classifier Shuttered Based On Low Accuracy Rate

The employment rate for disabled workers is higher than it has been in years

  By Pavithra Mohan October 14, 2022 In 2020, disabled people were among the hardest hit by pandemic-related job losses. The employment rate for workers with disabilities fell to 17.9%, eventually yielding a record high unemployment rate of 17.7% in late 2020—a major blow for a community that has long faced workplace discrimination and other … Continue reading The employment rate for disabled workers is higher than it has been in years

Cryptos drop today as Powell signals upcoming 50bps rate hike

Alejandro Arrieche Last updated: 22 April 2022 Cryptocurrencies and other risky assets are dropping this morning following hawkish remarks from the head of the United States central bank – the Federal Reserve – that hinted to policymakers possibly eyeing a 50 basis points rate hike during their next meeting. The head of the Fed, Jerome … Continue reading Cryptos drop today as Powell signals upcoming 50bps rate hike