This author has not written his bio yet.
But we are proud to say that Joshua Elliott-Traficante contributed 109 entries already.
Joshua Elliott-Traficante September 2012 The New Hampshire Retirement System’s 0.7% investment return for fiscal year 2012 was jumped on by some as a sign the system had failed because it had not met the assumed rate of return of 7.75%. As pointed out in an earlier piece[1], for FY12, the System’s returns were about par […]
According to the foreclosure tracking firm RealtyTrac, foreclosure filings fell nearly 25% in July from the June figures. With a total of only 596 properties either being put on the auction block or repossessed by the bank, this puts total filings under 600 for the first time since December. While a good sign, it should […]
Recently the New Hampshire Retirement System (NHRS) released its preliminary investment return figures for Fiscal Year 2012. Over the fiscal year, the NHRS saw .7% return on pension fund, falling well short of the assumed rate of return of 7.75%. While this shortfall will lead to a decline in the funding ratio, it is important […]
Today the Bureau of Labor Statistics released its monthly jobs report for July. Suffice it to say, it does not show much of an improvement over the June data. In fact, the unemployment rate increased from 8.2% to 8.3%. While it is only a tenth of a percent increase, it means that all of the […]
Joshua Elliott-Traficante August 2012 The first Friday of every month, the Department of Labor releases its monthly jobs report. The figure usually reported in the media as the ‘unemployment rate’ is actually just one of six different classifications of unemployment that the Department uses. These are numbered U-1 through U-6 and as the numbers go […]
According to RealtyTrac, a foreclosure tracking firm, foreclosure filings in New Hampshire, for the month of June saw a slight uptick versus the previous month. May saw 704 filings, while June had 789. Just under 60% of these filings were concentrated in Hillsborough and Rockingham Counties. The state as a whole saw one in 789 […]
The US Department of Labor released its June unemployment report, which showed the country added 80,000 new jobs, while the unemployment rate remained the same at 8.2%. Often times that is the only figure the news media will report, however there is a treasure trove of data the the Department of Labor releases at the same […]
According to RealtyTrac, foreclosure filings for the month of May fell slightly over the April figures. May saw 704 filings, while March had 727. Hillsborough and Rockingham Counties accounted for just over half of the filings, which makes sense given the concentration of the state’s population in the Southern Tier. New Hampshire as a whole […]
The Bureau of Labor Statistics, while showing 69,000 jobs were added in May, also saw the unemployment rate move upwards from 8.1% to 8.2%. While the addition of any jobs is a good thing, most economists were predicting in the neighborhood of 150,000 new jobs, not 69,000. These employment figures shows that there are still underlying weaknesses in the US economy.
A study commission that would have looked at instituting a defined contribution retirement plan (ie a 401(k) style plan) for state employees failed to make it pass a committee of conference.