[Parkview] Mortgage News 4/29/03
E-Mortgagecorp.com
customerservice@emortgagecorp.com
Tue, 29 Apr 2003 20:25:56 -0700
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<HTML><HEAD><META NAME="GENERATOR" Content="Microsoft DHTML Editing Control"><TITLE></TITLE><BASE href='file://C:\Program Files\ProspectMailer\'></HEAD><BODY><P></P><DIV align=left><FONT face="Times New Roman"><IMG height=108 src="http://www.emortgagecorp.com/imagesBlank/TopRow1.jpg" width=750></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt"><A href="www.emortgagecorp.com">www.emortgagecorp.com</A></SPAN></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt">Mike Francis</SPAN></FONT></DIV><DIV align=left><FONT size=5><SPAN style="FONT-SIZE: 11pt; COLOR: red; mso-bidi-font-size: 10.0pt"></SPAN></FONT><SPAN class=MsoHyperlink><SPAN style="COLOR: blue"><U><FONT size=2><A href="mailto:mikefrancis@emortgagecorp.com">mailto:mikefrancis@emortgagecorp.com</FONT></U></SPAN></SPAN></A></DIV><DIV align=left><TABLE style="WIDTH: 438pt; BORDER-COLLAPSE: collapse" cellSpacing=0
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HEIGHT: 32.25pt; BACKGROUND-COLOR: transparent" width=581 colSpan=9 height=43><A href="https://www.originatorpro.com/lu/homepageview/default.asp?a=apply&page=196627&ver=81136&ns=1"><SPAN style="FONT-WEIGHT: 700; FONT-SIZE: 24pt; FONT-STYLE: italic; FONT-FAMILY: Arial, sans-serif; mso-font-charset: 0">Apply for a Mortgage Loan NOW!!!</SPAN></A></TD></TR></TABLE></DIV><DIV align=left><FONT size=2><FONT size=1></FONT></FONT> </DIV><DIV align=left><FONT size=2><FONT size=1></FONT></FONT> </DIV><DIV align=left><FONT size=2><FONT size=1>TO BE REMOVED FROM OUR MAILING LIST PLEASE SEND REQUEST TO</FONT>:</FONT></DIV><DIV align=left><DIV align=left><DIV align=left><A href="mailto:remove@emortgagecorp.com">remove@emortgagecorp.com</A></DIV><DIV align=left> </DIV><DIV align=left><TABLE cellSpacing=5 cellPadding=0 width=725 border=0> <TR> <TD width=5></TD> <TD> <TABLE cellSpacing=5 cellPadding=0 width=575 border=0>
<TR> <TD><!--<img src="../../../../../images/headers/new_title_newsarc.gif" align="texttop" WIDTH="245" HEIGHT="15">--></TD></TR> <TR> <TD vAlign=top colSpan=2><FONT face="Arial, Helvetica, sans-serif" size=2><B>Workers' Wages, Benefits Up 1.3 Percent</B> <I>Associated Press</I><BR>By JEANNINE AVERSA (Associated Press Writer) <P>April 29, 2003<BR> <P>WASHINGTON - U.S. workers' wages and benefits rose by a brisk 1.3 percent in the first three months of 2003, the biggest increase in nearly 13 years, even as businesses struggled with the lackluster economy. <P>The increase in the employment cost index for the January to March quarter was nearly twice as big as the 0.7 rise posted in the fourth quarter of 2002, the Labor Department reported Tuesday. <P>Although companies have been keeping work forces lean to deal with
the uneven economy, they are providing workers who are still on the payrolls more generous compensation packages. That's goods news for the ranks of the employed but can be a potential strain on some profit-pressed companies. <P>Tuesday's report showed employment costs growing more quickly than the 0.8 percent advance that economists expected. <P>The 1.3 percent rise registered in the first quarter was the largest increase since the second quarter of 1990, when compensation went up by the same amount. <P>The costs of benefits, such as health insurance and vacations, continued to outpace wage gains. <P>Benefit costs rose by a sizable 2.2 percent in the first quarter of 2003, following a 1.3 percent advance in the prior quarter. The increase in benefit costs in the first quarter was the largest in 15 years.
<P>Wages and salaries rose by a solid 1 percent in the first quarter, twice as fast as the 0.5 percent increase recorded in the fourth quarter. It marked the largest gain in wages and salaries since the first quarter of 2001, when they rose by the same amount. <P>That's encouraging because income growth is the fuel for future spending by consumers, the main force that has been keeping the economy going. <P>Consumers have been keeping their pocketbooks and wallet sufficiently open to support economic growth, but businesses have been cautious amid the muddled economic climate. <P>Coping with lackluster profits and uneven demand from customers, businesses have been reluctant to increase capital spending and go on a hiring spree, major factors restraining economic growth. <P>Economists believe the nation's unemployment rate will
nudge up to 5.9 percent in April, from 5.8 percent in March. The government releases the employment report for April on Friday. <P>Even if the economy starts improving a bit later this year, the jobless rate probably will creep up because job growth won't be strong enough to accommodate the expectation that an improved climate will attract a lot more job seekers, economists say. <P>Federal Reserve Chairman Alan Greenspan, who is scheduled to appear on Capitol Hill Wednesday, has expressed optimism that the economy will get back on surer footing once all the uncertainties associated with the war are lifted. <P>The Fed held a key interest rate at a 41-year low of 1.25 percent in March. Economists believe this rate will stay at its current super-low level for a while to help the economy recover. President Bush wants
Congress to pass a new round of tax cuts to help the economy.<BR>Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. <P></P></FONT></TD></TR></TABLE></TD></TR></TABLE></DIV></DIV></DIV><P align=center><SPAN class=MsoHyperlink><SPAN style="COLOR: blue"><U><FONT color=#000000> </P></FONT></U></SPAN></SPAN><DIV align=left>Hard at Work</DIV><DIV align=left> </DIV><DIV align=left>Mike Francis</DIV><DIV align=left> </DIV><DIV align=left>702-655-4859 Ext 107</DIV><DIV align=left>702-515-7062 Fax</DIV><DIV align=left><A href="mailto:mikefrancis@emortgagecorp.com">mailto:mikefrancis@emortgagecorp.com</A></DIV><DIV align=left> </DIV><DIV align=left><DIV align=left><FONT size=2><FONT size=1>TO BE REMOVED FROM OUR MAILING LIST PLEASE SEND REQUEST TO</FONT>:</FONT></DIV><DIV align=left><A
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