U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma delayed hiring and left displaced workers temporarily unemployed, the latest indication that the storms undercut economic activity in the third quarter.
Existing home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors (NAR).
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
Rockland Trust announced yesterday that it is rebating all ATM fees between Aug. 25 to Dec. 31 for bank customers who use ATMs in Texas, joining larger banks such as J. P. Morgan and Bank of America in an effort to help those devastated by Hurricane Harvey.
The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market.
Preliminary residential loss estimates for Hurricane Harvey are in, and an estimated 70 percent of flood damage from Hurricane Harvey is not covered by any insurance.
Freddie Mac is suspending evictions and foreclosures on homes that are secured by Freddie Mac-owned or -guaranteed mortgages in eligible disaster areas impacted by Hurricane Harvey.
