Items Tagged with 'labor market'

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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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  • ADP: Tight labor market could soon overheat

    Says labor market shows no signs of slowing
    Employment growth could surge to add 250,000 new jobs in December and shows no signs of slowing anytime soon. In fact, ADP predicts the tight labor market will get even tighter, raising the specter that it will overheat.
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  • Americans say labor market is getting worse

    Still optimistic about short-term future
    Following hurricanes Harvey and Irma, consumer confidence continues to fall, and Americans are now saying the labor market is getting worse. However, the good news is the outlook for the short-term was more positive in September from the previous month.
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  • Consumer economic optimism hovers at 16-year high

    Overall confidence increases in August
    Consumer confidence increased once again in August as Americans place more faith in the current economic state. In fact, the Present Situation Index from The Conference Board remains at its 16-year high, even as expectations for the future grew slightly.
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  • May produces weaker-than-expected employment report

    Construction jobs showed little change
    The employment report came in weaker than expected in May with less jobs added than the monthly average, and less than April’s downwardly-revised amount. Little to no change was seen in construction employment, and the job gains that were made were led by an increase in professional and business services.
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  • Yellen: Rate hike coming when inflation goes up

    May labor report an aberration
    After the jobs report came in with incredibly low numbers on Friday, many questioned whether there would still be a rate hike this summer. According to comments made Monday by Janet Yellen, there is still a good possibility. Here's what she said about the jobs report, and what it means for the economy.
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  • Goldman Sachs: Jobs number is an outlier

    Stop panicking
    Whereas the jobs report was incredibly lower than anyone expected, Goldman Sachs pointed out that this month could be an outlier since it does not follow the trend of the past several months. Stifel Economics agreed, stating, “One data point does not make a trend.”
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