Articles Tagged with ''U.S. Labor Department''

From HW Magazine

Why immigrants are crucial to the housing market

The driving force behind 40% of housing demand, and growing
Despite all the media attention focused on Hispanic immigrants, the fastest-growing group of immigrants is actually Asians and, more specifically, Indians. Indians as well as Chinese-Americans are also more likely to own than rent.
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Employment on the rise, but labor market still shrinking

Will the government continue to raise interest rates this summer?
While the U.S. employment rate soared in February, the unemployment rate stayed the same at 4.9%. According to the Bureau of Labor Statistics’ February report, employment gains occurred in health care and social assistance, retail trade, food services and private educational services.
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One in Four Homeowners Holds an Empty Piggy Bank

Fueling increased anxiety over potential job loss, one in four -- or 24% of -- homeowners don't have any money in savings to cover living expenses should they lose their income, according to a Wells Fargo & Company [stock WFC][/stock] quarterly survey. The number of respondents indicating job loss as their top concern increased from 21% in fourth-quarter 2008 to 29% in the first quarter of 2009. Respondents also expressed a stronger desire to increase savings while reducing debt -- and to do so quickly.
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Jobless Claims Ease

First time claims for state unemployment benefits dropped 34,000 to a seasonally-adjusted 601,000 in the week ending May 2, marking the lowest level recorded since late January, the U.S. Labor Department said today. "The evidence is growing that the recession may be bottoming out in the second quarter," wrote analysts at RDQ Economics in a research note. "Companies may have begun to slow the rate of layoffs, but there is no evidence here that the pace of hiring has picked up."
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Jobless Claims Jump; Michigan an Exception

The glimmer of hope seen last week, as initial jobless claims dropped 53,000, appears short-lived. First time applications for state unemployment benefits in the week ending April 18 jumped 27,000 to a seasonally-adjusted 640,000, the U.S. Labor Department said Thursday.
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Unemployment Reaches 8.5 Percent

The housing crisis is now a jobs crisis that's reaching pretty far back into the history books for an equal. The U.S. Labor Department said Friday morning that nonfarm payroll payrolls plunged 663,000 in March, driving the unemployment rate rose from from 8.1 to 8.5 percent; the only good news, relatively speaking, is that the number of jobs lost was relatively within Wall Street's expectations.
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Obama Warns of 'Catastrophe' Without Action

President Barack Obama on Friday announced the formation of the Economic Recovery Advisory Board to assist in the "months and years" to come of economic recovery. The announcement came in the midst of Congressional bickering over the financial stimulus package, the passage of which is being held up by criticism that too much government spending and not enough tax cuts will have no significant effect reducing the national deficit and encouraging consumer spending in the short term.
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