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Unemployment insurance running out for 1.3M long-term unemployed

WASHINGTON, Dec. 27 (UPI) -- Extended unemployment benefits expire this weekend for 1.3 million long-term unemployed Americans, an event the White House said "defies" reason.
Strength of housing recovery questioned

Strength of housing recovery questioned

NEW YORK, Sept. 30 (UPI) -- The recovery in the U.S. housing market could run out of steam if it depends on investors to carry it along, an economic report explains.

Wealth returning slowly, but more slowly for the poor

ST. LOUIS, May 31 (UPI) -- The recovery of wealth lost during the recession has favored affluent whites, a study by the St. Louis Federal Reserve said.

Zandi cited as possible head of FHFA

WASHINGTON, April 15 (UPI) -- The White House has been testing the reaction in Washington to economist Mark Zandi running the Federal Housing Finance Agency, a policy analyst said.

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Jobs report puts focus on sequester

WASHINGTON, April 6 (UPI) -- Democrats say the federal budget sequester is to blame for a disappointing U.S. March jobs report but Republicans blame President Barack Obama's policies.

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U.S. stock indexes open down, close down ... Census Bureau: Child-care costs rise ... Minister: Italy to repay debt sans taxes ... Pemex research unit, Exxon sign tech pact ... News from United Press International.

U.S. stock indexes open down, close down

NEW YORK, April 3 (UPI) -- U.S. stock indexes maintained a downward trend throughout the trading session Wednesday, reacting to a lackluster report on March private-sector job creation.

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U.S. stock indexes maintain downward spin ... ADP: 158K new private-sector jobs in March ... Indian PM says 8 percent growth possible ... Samoa Air charges by weight, not seat ... News from United Press International.

ADP: 158K new private-sector jobs in March

ROSELAND, N.J., April 3 (UPI) -- Private-sector employment in the United States rose by 158,000 jobs from February to March, payroll processor ADP said Wednesday.

U.S. jobless rate steady at 7.8 percent

WASHINGTON, Jan. 4 (UPI) -- The U.S. unemployment rate held steady in December at 7.8 percent, with 155,000 new non-farm jobs added, the Bureau of Labor Statistics reported Friday.

Jobless claims drop by 25,000

WASHINGTON, Dec. 6 (UPI) -- The U.S. Labor Department Wednesday said first-time jobless benefits claims dropped back close to where they were before Hurricane Sandy.
Stocks mixed Wednesday

Stocks mixed Wednesday

NEW YORK, Dec. 5 (UPI) -- U.S. stock indexes were mixed Wednesday, as a private payroll company said 118,000 jobs were added to the economy in November.
Private sector gains 118,000 jobs

Private sector gains 118,000 jobs

ROSELAND, N.J., Dec. 5 (UPI) -- Payroll firm Automatic Data Processing said the U.S. economy added 118,000 non-farm private sector jobs in November, the fourth lowest monthly gain of 2012.
U.S. could hit debt ceiling by year's end

U.S. could hit debt ceiling by year's end

WASHINGTON, Nov. 1 (UPI) -- The U.S. government likely will hit its $16.4 trillion debt limit by year's end, giving more urgency to avoiding the fiscal cliff, the Treasury Department said.
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Mark Zandi is an American economist and co-founder of Moody's Economy.com, a widely-cited source of economic analysis.. Moody's Economy.com is part of Moody's Analytics. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics.

He was born in Atlanta, Georgia of Iranian descent and grew up in Radnor, Pennsylvania. He attended Upper Merion High School where he earned his diploma. Zandi received B.S. and Ph.D. degrees in economics from the University of Pennsylvania. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty), which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

Zandi's analysis of the impact of an economic stimulus package on the United States economy was cited by Christina Romer and Jared Bernstein in their report on President Barack Obama's proposed American Recovery and Reinvestment Plan. Zandi uses old-style Keynesian models in the spirit of Nobel Prize winner Lawrence Klein. The utility of such models to gauge the impact of fiscal stimulus has been questioned by Harvard economist Robert J. Barro.

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It uses material from the Wikipedia article "Mark Zandi."
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