Wednesday, August 31, 2005

Jobs: OK today, worse tomorrow

Mortgage Rates were down today, 30 yrs fixed rate was 5.25%, I havent seen this rate in the last 6 weeks!

Gossip:
How do you get EVA LONGORIA to go onstage in a barely-there outfit from the PARIS HILTON school of fashion? Peer pressure. I'm told it was a last minute decision for Longoria to wear that skimpy pink SHAY TODD bathing suit while introducing MARIAH CAREY at the MTV Video Music Awards. When her stylist, ROBERT VERDI, suggested the suit, Longoria thought he had, well, lost his mind. On Saturday, with the help of two of Longoria's best buddies, Verdi was able to convince the "Desperate Housewives" starlet to suit up. She didn't even try it on until a couple of hours before showtime. "She's beautiful," Verdi told me. "It was Miami. It was hot and the VMAs had a water theme. And it's not like we don't see her like that on the show." The suit's from Todd's current collection for $175 (http://www.shaytodd.com/) and what kind of shoes do you wear in such a bikini? Le Silla, of course. Price? $910!


Jobs: OK today, worse tomorrow
Oil prices didn't deter August job growth, but Katrina's impact could soon be felt.
The labor market might have weathered August despite record-high oil prices, but the devastation of Hurricane Katrina will take a big bite out of job creation for months to come, analysts said.
"I think Katrina's put the kibosh on this whole thing," said John Silvia, chief economist for Wachovia Bank and former senior economist for U.S. Senate Joint Economic Committee, referring to the job market. "You're going to lose so many jobs. It's going to take time to get this all back up."
On Friday the Labor Department is set to release its August employment report, with the consensus forecast at 190,000, down from the 207,000 new jobs reported in July. The report is based on a mid-month survey, and will not reflect the impact of Hurricane Katrina, which slammed into New Orleans on Aug. 29, near the end of the month.

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11:16 AM  

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