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StanCorp Financial Group Inc.’s ( SFG ) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue to impact the company’s earnings. Quarterly results reflect higher-than-expected claims activity and reduced premiums in the group insurance business. However, the company benefited from the expense reduction initiatives

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Random Feed wrote an interesting post today on
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Saturday, October 24, 2009cynicuseconomicusThe US – The Real Economy and the False EconomyDo you remember the stress tests for the banking system in the US? They were the subject of negotiations by the banks with regards to the outcomes, making them remarkably relaxed stress tests. There was an assumption in the stress tests for an unemployment rate of 8.9% (a curiously precise figure), and 10.3% in 2010. The unemployment rate had already reached 9.8% in September, with expectations of further r

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Everyone’s so anxious to call the “bottom” of the real estate housing crisis. Why? There’s no accolade for being right. It’s not as if we’re going to see a 65 percent surge in housing prices over the next six months (and watch out for that kind of momentum in the stock market - it just feels wrong when the real unemployment rate is approaching 16 percent nationally). All there is at the bottom of the real estate housing market is pain for millions of homeowners who have lost their homes to f

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Random Feed wrote an interesting post today on
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Source: Global Research – Bob Chapman This past week the BLS released the September unemployment statistics and they worsened as usual, as America enjoys its recovery. U-1–Those unemployed 15 weeks or longer, as a percent of the civilian labor force was 5.4%. U-2-Job losers and persons who completed temporary jobs, as a percent of the labor force was 6.8%. U-3-Total unemployed, as a percentage of the civilian labor force, the official unemployment rate, 9.8%. U-4-Discouraged workers

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By Rich Miller Bloomberg.com Sept. 28 (Bloomberg) — Full employment ain’t what it used to be. Economists since the mid-1990s have reckoned that full employment was equivalent to about a 5 percent unemployment rate, taking into account the time required to switch jobs. Now Nobel Prize winner Edmund Phelps and Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian say the fallout from the deepest recession in more than five decades is driving the so-called natural rate h

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