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Employment Gains, Rate Drops and The End of Forbearance

After three months of slight gains, the U.S. unemployment situation is starting to brighten a bit. According to the U.S. Labor Department, an increase in nonfarm payroll employment rose by over 900,000 jobs by the end of last week and pushed the unemployment rate down to 6%.  February’s small job …

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Dispatches from a Pandemic: ‘My pulse rate had shot up to 120 as I gasped my way into the ER’: Italy resumes AstraZeneca vaccine and tightens lockdown

COMO, Italy — The death rate is on the rise. In the last 24 hours in Italy, there have been 25,735 new cases of COVID-19, with the rate of infection stable at 7%, as half of Italy’s regions are once again in strict lockdown as designated red zones, one year …

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What is the Rate Shopping Window

Everyone knows that when you apply for a loan the lender will perform a credit inquiry. And everyone knows that credit inquiries hurt your credit score. What everyone doesn’t know is that credit scoring algorithms allow a “rate shopping window” so you can compare loan offers and rates with multiple …

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: Bank of England keeps rate and asset-buying unchanged, saying outlook is ‘unusually uncertain’

The Bank of England decided on Thursday to leave its key rate unchanged at 0.1% and keep the ceiling of its government bond-buying program at £875 billion ($ 1.1 trillion), as it noted that the U.K. economy is currently developing in line with its expectations. The British central bank, after …

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How to Negotiate Your Mortgage Rate

Can you negotiate your mortgage rate? Yes. Of course. Anything can be negotiated including the closing costs if you know how to do it. This article details exactly what you need to do to get the best deal on your mortgage loan. Check Rates and Compare Loan Offers from Multiple …

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How to Calculate Compound Interest Rate in Excel

There are two methods to calculate the interest amount. These methods are simple interest and compound interest. The interest rate can be the nominal interest rate, annual percentage yield, or effective interest rate. The nominal interest does not consider the interval while calculating the interest rates, while in the effective …

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Economic Report: U.K. unemployment rate reaches higher-than-expected 4.5%

Members of the public walk past the Cineworld cinema in Leicester Square on October 05, 2020 in London, England. Dan Kitwood/Getty Images The U.K. jobless rate jumped to 4.5% in the June to August period, the Office for National Statistics reported on Tuesday. The unemployment rate was higher than the …

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CityWatch: Hotspot sends New York City’s COVID-19 positive-test rate above 3% for the first time in months

The percentage of people who tested positive for COVID-19 in New York City has surged above 3% for the first time since early June, driven by a cluster of cases in a handful of Brooklyn and Queens ZIP Codes, Mayor Bill de Blasio said on Tuesday. “We’re dealing with specific …

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Economic Report: U.K. employment picture worsens in August as payrolls fall, unemployment rate increases

Workers wear NHS Test and Trace branded Hi-Vis jackets as they work at a COVID-19 testing centre in Bolton, northern England on September 9, 2020, as local lockdown restrictions are put in place due to a spike in cases of the novel coronavirus in the city. oli scarff/Agence France-Presse/Getty Images …

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