Tuesday, March 25, 2008
Sunday, March 23, 2008
Friday, March 21, 2008
INTRESTING T-SQL CODE COULD COME HANDY
May useful examples such
as
Finding nth Highest Digit, then Insertion using Script and many more ....Really Helpful.....
http://vyaskn.tripod.com/code.htm
Thursday, March 20, 2008
U.S. Initial Jobless Claims Rose 22,000 to 378,000
U.S. Initial Jobless Claims Rose 22,000 to 378,000
March 20 (Bloomberg) -- The number of Americans filing first-time claims for unemployment insurance rose last week and the total number on benefit rolls reached the highest since August 2004, signs that firings are increasing.
Initial claims for benefits increased 22,000 to 378,000 in the week ended March 15, more than economists forecast and the highest since the week of Jan. 26, from 356,000 the prior week, the Labor Department said in Washington. The number of people staying on benefits rose to 2.865 million from 2.833 million.
U.S. companies are cutting staff as the biggest housing slump in a quarter century, tighter credit and mounting financial losses push the economy toward a recession. The Federal Reserve, noting labor markets had ``softened'' as it cut interest rates earlier this week, said it would act ``as needed'' to promote growth.
``This is pretty much what it looks like heading into recession,'' Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi in New York, said in an interview with Bloomberg Television. ``It's a bad number for the Fed. This is something that might keep them cutting rates.''
Treasuries were little changed after the report, with the benchmark 10-year note yielding 3.33 percent.
Weekly claims were forecast to rise to 360,000 from 353,000 initially reported in the prior week, according to the median projection of 39 economists in a Bloomberg News survey. Estimates ranged from 345,000 to 380,000.
Supplier Strike
Filings last week were affected by a strike at General Motors Corp.'s largest axle supplier that has shut down or reduced output at some of GM's North American manufacturing facilities, a Labor Department official said. Workers who indirectly lose their jobs because of the strike may be eligible to file claims, and figures show that this occurred last week in Ohio, Michigan and Indiana, the spokesman said.
Other parts suppliers are also impacted. Lear Corp., which makes seats for GM, said March 10 that it had laid off 1,100 employees at 10 facilities because of the automaker's production cuts from the walkout.
The unemployment rate among people eligible for benefits, which tends to track the U.S. jobless rate, increased to 2.2 percent, the highest since October 2005 in the aftermath of Hurricane Katrina, from 2.1 percent a week earlier. These data are reported with a one-week lag.
Regional Breakdown
Twenty-eight states and territories reported an increase in new claims, while 25 reported a decrease, the report said.
Initial jobless claims reflect weekly firings and tend to rise as job growth -- measured by the monthly non-farm payrolls report -- slows.
The four-week moving average of claims, a less volatile measure, rose to 365,250, also the highest since October 2005, from 359,250 a week earlier, the report showed.
So far this year, weekly claims have averaged 349,000, compared with 322,000 for all of last year.
U.S. employers unexpectedly cut 85,000 jobs in the first two months of the year, the most in nearly five years, the Labor Department said March 7. The job losses, falling retail sales and weak manufacturing data last month prompted economists to raise their bets that the economy is in a recession.
``Growth in consumer spending has slowed and labor markets have softened,'' the Fed said March 18 after it cut its benchmark rate three-quarter point to 2.25 percent. ``The outlook for economic activity has weakened further.''
Among companies announcing workforce reductions this week, Delta Air Lines Inc., the third-largest U.S. carrier, will shrink its domestic passenger capacity by 10 percent and cut 2,000 jobs as record-high fuel costs wipe out profits, Chief Financial Officer Ed Bastian said.
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