Content Tagged As rate

1 year 4 months ago

Number of mortgage applications drops

The number of mortgage applications dropped last week, as interest rates jumped. According to the Mortgage Banker's Association, mortgage applications fell 3% from last week. The Market Composite Index, which is a measure of mortgage loan application volume, also dropped 3% to the lowest level since November 2011. Despite...

1 year 8 months ago

Unemployment rate high in Pueblo

As of December, national unemployment was at 7.7%. Colorado's is roughly the same at 7.6%. But Pueblo's is much higher at 11.3%. "Clearly the numbers are higher than we would like," said Jack Rink, PEDCO President and CEO. But change is ahead. "We obviously would like to...

2 years 1 month ago

September jobless rate drops

WASHINGTON (AP) - The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election. The Labor Department says employers added 114,000 jobs in...

3 years 8 months ago

Local jobless rate jumps

DENVER (AP) - The Colorado unemployment rate hit 9.1 percent in January, topping the U.S. rate of 9 percent. That's up from 8.9 percent in Colorado a year earlier. The Colorado Department of Labor and Employment said Thursday that almost 2.43 million Coloradans have jobs, down about 1 percent...

3 years 10 months ago

Some postal rates to increase

WASHINGTON (AP) - Postal rates will go up in April, but the cost of sending the basic letter will remain the same. The Postal Service said Thursday that most rates will go up on April 17 under a formula that allows the agency to increase prices within the rate...

4 years 1 month ago

Two-year bonds at record low rate

NEW YORK (AP) - Investors are lending money to the government at a record low rate for two-year debt. The Treasury sold $35 billion in two-year notes on Tuesday at 0.40 percent, the lowest yield ever for an auction of two-year notes. Last month, the Treasury auctioned the notes...

4 years 2 months ago

Home foreclosure rate soars in Pueblo County

The home foreclosure rate in Pueblo County soared 31 percent in August 2010, compared to '09, according to figures released Tuesday by the Colorado Division of Housing. It's the largest percentage increase of any Colorado county. El Paso County saw a 3 percent decline. Overall, the state foreclosure...

4 years 2 months ago

State parks board considers higher fees

The Colorado State Parks Board is considering raising fees for entrance passes, some campgrounds and other facilities to make up for declining state funding. The board is meeting Thursday in Basalt. Members are looking at raising the daily entrance fee by $1 and camping fees at a dozen...

4 years 2 months ago

Suicide rate soars in Colorado

Suicides soared in Colorado in 2009, according to the Colorado Department of Health. The suicide rate is the highest in more than 20 years. Colorado annually has a suicide rate that is approximately 40 percent higher than the U.S. rate, according to Jarrod Hindman, program manager of the department's Office...

4 years 3 months ago

Worst unemployment report of the year released

New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows. The Labor Department said Thursday that initial claims for jobless benefits rose by 12,000 last week to 500,000, the...

4 years 3 months ago

New unemployment claims on the rise

Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers. The Labor Department says new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small...

4 years 7 months ago

Apartment vacancy rate drops

A new report says the apartment vacancy rate in the Colorado Springs area for the first three months of 2010 was the lowest reported since 2001. A survey released Monday by the Apartment Association of Southern Colorado and the Colorado Division of Housing says the first-quarter vacancy rate was...

4 years 7 months ago

Temporary census jobs boost employment

The nation's economy created the largest number of jobs last month since the recession began, bolstered by thousands of temporary census jobs. The unemployment rate remained at 9.7 percent for the third straight month. The Labor Department said employers added 162,000 jobs in March, the most in three years...

4 years 9 months ago

Mortgage rates now above 5 percent

Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels. The mortgage finance company Freddie Mac said Thursday that the average rate on a 30-year fixed rate mortgage was 5.05 percent this week, up from...

4 years 10 months ago

New jobless claims rise more than expected: 440,000

The number of newly laid-off workers requesting unemployment benefits rose last week as jobs remain scarce amid a sluggish economic recovery. The Labor Department says new claims for unemployment insurance rose by 11,000 to a seasonally adjusted 444,000. Wall Street economists polled by Thomson Reuters expected an increase of only...

5 years 5 days ago

Slight decline in Colorado October unemployment

Colorado unemployment continues to decline with the latest figures showing the seasonally adjusted rate for October at 6.9 percent. That's a slight decline from September, when the rate was at 7 percent. It was 7.3 percent in August. Colorado's unemployment rate last October was 5.3 percent. The figures released Friday...

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