“The number of uninsured Americans likely will continue to rise,” the Gallup-Sharecare analysis noted, unless Trump and Congress take steps to stabilize insurance markets. A bipartisan bill to restart the canceled insurer payments faces opposition from conservatives and Trump has sent mixed signals.
The National Association of Realtors says existing home sales increased 0.7 percent to a seasonally adjusted annual rate of 5.39 million. That’s the first increase after three months of declines.
The Zurich-based company, which as a reinsurer provides backup policies to companies that write primary insurance policies, said Friday that the claims process is ongoing and estimates could evolve.
“This definitely beats other deals that I have seen, to be sure,” said Enrico Moretti, an economist at the University of California, Berkeley and author of “The New Geography of Jobs. “It would certainly increase the attractiveness of that city for other well-paying high-tech jobs.”
THE NUMBERS: The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, fewest since March 1973. The less volatile four-week average slid by 9,500 to 248,250, lowest since late August.
Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88 percent from 3.91 percent last week. A year ago, the benchmark rate stood at 3.52 percent.
The Denver-based company and its rivals have been losing customers to cheaper and faster chains. At the same time, younger customers prefer to dine at non-chain restaurants. Early this week, sit-down chain Ruby Tuesday Inc. agreed to be sold for $146 million and taken private after tweaks to its menu and restaurants failed to boost sales.
“Economic growth brings opportunities, and it brings headaches,” says Margaret O’Mara, a University of Washington professor who specializes in urban history. “That was true in 1840s Manchester, it was true in 1890s Pittsburgh, and it’s true with Seattle in the 20-teens. … It’s on both cities and the tech companies to figure out the way to handle these things.”
“We’re hoping that Mother Nature will continue to cooperate with us,” he said. “Increased moisture in the air and potential rainfall, all of those are welcome signs.”