Browsing: Newsbytes

Economy

Total nonfarm payroll employment rose by 215,000 jobs in March, down from last month’s upwardly revised total of 245,000. The national unemployment rate rose slightly to 5.0 percent. The services sector added 219,000 jobs, down from 260,000 in February. The majority of new service jobs were in education and healthcare, which added 51,000 jobs. Over

Economy

Employers announced plans to cut 48,207 jobs in March, according to a report issued by Challenger, Gray & Christmas. March’s announced cuts were 21.7 percent below February’s total, but 31.7 percent above the year-ago rate. Cuts through the first quarter of 2016 were 31.8 percent higher than in the first quarter of 2015. “Job cuts

Newsbytes

Commercial banks reported total trading revenue of $22.8 billion in 2015, about the same as the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

Insurance

ABA today renewed its endorsement of the insurance products marketed and administered by Affinion Insurance Solutions, including accidental death and dismemberment and hospital accident protection and recuperative care, as well as a new product, simplified issue term life insurance.

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