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...unemployment rate is still well below the 10.8% peak of late 1982, but this doesn't signify much. The rate is what economists call a "lagging indicator," and it will still be rising well after the economy has started growing again. It's also misleading, in that it excludes from its calculations people who would really like to have a job but have given up actively looking. As a result, economic forecasters tend to look more closely at payroll data, which come from a survey of 150,000 businesses and government agencies. (The unemployment rate is derived from a Census...
...March employment data make it clear that any slowing in the rate of economic decline has yet to make itself apparent in the job market. The payroll drop was at least not any worse than forecasters expected, and it was 78,000 less than January's decline. But given the margins of error in the data, this may not mean anything...
Harvard is considering reducing capital spending and projected new debt issuance by as much as 50 percent due to recent endowment losses, according to a credit rating report issued by Moody’s Investors Service on Wednesday.The University has already slowed construction of its Allston expansion, which combined with other campus capital projects would have cost roughly $1 billion a year in capital spending and required Harvard to issue $3 billion in new debt over the next three to four years, according to the report.Planned spending could revert to higher levels “if fundraising results...
MEFA undergraduate loans had a fixed interest rate of 6.39 percent for the 2007-2008 academic year...
MEFA, a non-profit, self-financed state authority, will provide loans for the 2009-2010 academic year for undergraduate students at a fixed 7.75 percent interest rate. The graduate student loans interest rate is higher at 8.89 percent...