Items Tagged with 'unemployment rate'

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  • Unemployment rate holds at 3.7% in July as hiring slows

    Economy adds 164,000 jobs, led by business services and health care
    The U.S. economy added 164,000 jobs in July, fewer than June’s downwardly revised pace of 193,000, according to the Bureau of Labor Statistics. The unemployment rate was 3.7%, matching last month’s rate. Economists expected the so-called nonfarm payroll number to rise by 165,000 and the unemployment rate to drop to 3.6%, which would have tied the 50-year low set in April and May.
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  • Nation's unemployment edges up slightly to 3.7% in June

    Expert says June's job growth likely to make Feds refrain from rate cuts this month
    The U.S. economy added 224,000 jobs in June, after May’s downwardly revised 75,000 advance, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. Realtor.com Chief Economist Danielle Hale said after May's weaker jobs data, the June report takes on new importance as a sign of whether data was a one-month blip or the start of a new weaker trend.
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  • U.S. job growth cools as economic tensions heat up

    The nation's unemployment rate holds steady at 3.6% in May
    In May, the U.S. economy added only 75,000 jobs, 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 said that this report, combined with nerves around tariffs, will be enough to force a rate cut from the Fed in either June or July.
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  • U.S. mortgage delinquency rate rises from 18-year low, MBA reports

    Foreclosure inventory drops to lowest since 1995
    The share of U.S. homeowners who paid mortgages late in the first quarter rose from an 18-year low at the end of 2018, the Mortgage Bankers Association said on Tuesday. Even with the increase, the rate was the fourth-lowest on record. The so-called foreclosure inventory, meaning the share of all loans in foreclosure, was 0.92%, the lowest level since 1995.
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  • The U.S. unemployment rate just fell to a 50-year low

    The nation's unemployment rate retreats to 3.6% in April
    April, the U.S. economy added 263,000 jobs, rising significantly from March’s 196,000, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni said with hiring so strong, the unemployment rate has fallen to its lowest level since 1969.
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  • U.S. employment reverses course in March, rises by 196,000 jobs

    Construction jobs moderately increase by only 16,000 jobs
    The U.S. economy added 196,000 jobs in March, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Vice President of Economic and Industry Forecasting Joel Kan said although unemployment is still well below historical averages, growth in hourly earnings is good news for the housing market, as wage growth continues to more closely align with home-price gains.
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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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  • 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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  • U.S. economy adds 312,000 jobs in December

    Unemployment at 3.9%, fastest growth since February 2018
    The unemployment rate increased to 3.9% in December, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. According to the report, the number of unemployed persons rose 276,000 jobs to 6.3 million in December.
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  • CoreLogic: Here’s what will be making economic news in 2019

    Next year to hit 50-year unemployment lows
    CoreLogic released its predictions for 2019, outlining several factors that will be making economic news in the new year. CoreLogic’s chief economist explained that economic growth only needs to last seven more months in order to set the record for the longest economic expansion.
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