Items Tagged with 'Economy'


  • Jobs Report: Private sector hiring ticks up, championed by growth in the service-providing sector

    The construction sector adds 49,000 jobs
    The National Employment Report indicates that private sector employment increased by 275,000 jobs from March to April, according to the ADP Research Institute and Moody’s Analytics. ADP Research Institute Vice President and Co-head Ahu Yildirmaz said the bulk of growth in April belongs to the service-providing sector.
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  • Bring on the refis: Freddie Mac expects mortgage rates to remain low all year

    The 30-year fixed-rate mortgage is projected to average 4.3% in 2019
    Low mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac’s April Forecast. In fact, Freddie Mac Chief Economist Sam Khater said low mortgage rates and stronger wage growth translate into better home sales in the coming months, along with better than expected refinance activity for the rest of the year.
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  • Recession fears diminish as the nation approaches a Goldilocks economy

    This is what experts say Q1's GDP growth means for the nation's economy
    For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. However, Friday’s Gross Domestic Product report produced by the Bureau of Economic Analysis signaled the economy was strengthening. So, why are economists citing Goldilocks?
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  • U.S. economy adds only 20,000 jobs in February

    Unemployment rate retreats to 3.8%
    The U.S. economy added only a meager 20,000 jobs in February, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. The National Association of Federally-Insured Credit Unions Chief Economist Curt Long said that one poor report should not set off alarm bells, but given that the labor market is the linchpin for the entire economy, it does add to existing concerns.
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  • Jobs Report: Economic headwinds dampen job growth in February

    Private sector employment increased by 183,000 jobs
    In February, U.S. employment rates increased in nearly every sector, according to the ADP and Moody's Analytics National Employment Report. However, Moody’s Analytics Chief Economist Mark Zandi says both the economy and job growth have began to throttle backwards.
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  • Freddie Mac: February forecast hints at a mortgage market slowdown

    Freddie predicts lower mortgage rates will decelerate growth of total home sales
    This year’s mortgage market is projected to grow modestly, as both mortgage and interest rates slide further, according to Freddie Mac’s February Forecast. Freddie Mac Chief Economist Sam Khater said single-family mortgage originations are expected to reach $1.69 trillion in 2019.
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  • U.S. economy adds 304,000 jobs in January

    Wages for private non-farm payrolls rise to $27.56
    The unemployment rate rose to 4% in January, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Chief Economist Mike Fratantoni said although the partial government shutdown may have temporarily increased the unemployment rate, this pace of job creation will continue to support higher wages, which will likely support strong housing demand.
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  • Jobs report: National employment perseveres despite political turmoil

    Added jobs in December revised down to 263,000
    Even political headwinds couldn't prevent U.S. employment rates from increasing in nearly every sector in January, according to the ADP and Moody's Analytics National Employment Report. Moody’s Analytics Chief Economist Mark Zandi said the job market weathered the government shutdown well.
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  • Freddie Mac: Housing market holds its ground in January

    Freddie predicts home sales will increase to 6.09 million in 2019
    The housing market continues to hold its ground in January after receiving a boost from declining mortgage rates and slow home price growth at the end of 2018, according to Freddie Mac's January Forecast. Freddie Mac Chief Economist Sam Khater said despite the weakening of the housing market in 2018, early 2019 data signals a possible turnaround for the year to come.
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  • First American: Stock market volatility aids potential homebuyers

    Market potential for existing-home sales increases 1.1% year-over-year
    In December, potential existing-home sales moderately increased from the previous month and inched forward from 2018 levels, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said that stock market volatility is aiding potential homebuyers.
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