HW Vanguard Awards: Leadership has never been more important

HW Vanguard Awards: Leadership has never been more important

Recognizing executives leading the housing economy

loanDepot closes first $150M securitization of personal loans

Demand for new personal loans takes off

TRID is a real obstacle to mortgage process

Contrary to some reports

Unemployment rate drops to 7.8% in September

The U.S. unemployment rate fell to 7.8% in September while nonfarm payrolls rose by 114,000 positions, the U.S. Bureau of Labor Statistics said Friday.

Hiring in health care, transportation and warehousing increased, while other industries experienced little change in employment growth.

During the first eight months of the year, the unemployment rate fluctuated between 8.1% and 8.3%.

"The number of unemployed persons, at 12.1 million, decreased by  456,000 in September," the Bureau of Labor Statistics said.

Critics of the survey suggest the numbers fail to provide a comprehensive outlook since they do not include information on those who gave up looking for work or the underemployed.   


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