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Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

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Unemployment

Definition: A carefully-watched economic indicator representing the percent of the labor force that's actively seeking employment.

TeenAnalyst Advice: The unemployment rate is a sign of how the economy has been doing.  But it's a lagging indicator, meaning it only confirms what's been going on.  It can't predict the future.

Historically, the unemployment rate has varied between 2-10%.  Its historical average is around 5% (which is called "full employment").

 

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Definition of the Day Chairman of the Board

Chairman of the Board - the chairman of the board is the highest official or officer of a board of directorship. The Chairman of the board is the top official in corporate meetings, and is sometimes given executive authority over the entire company, depending on the structure of the corporation....

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