Items Tagged with 'U.S. Bureau of Labor Statistics'

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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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  • Fannie Mae: Homebuyer sentiment falls slightly in September

    The HPSI decreases 0.3 percentage points to 87.7
    Mortgage rates and household income contributed to a slight decrease in homebuyer sentiment, according to the latest data from by Fannie Mae’s Home Purchase Sentiment Index. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said perceptions of high home prices and expectations for rising mortgage rates continue to weigh on potential homebuyers.
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  • September jobs report: Unemployment falls to 3.7%

    Non-farm payrolls increased by 134,000
    The unemployment rate moderately fell to 3.7% in September, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One expert said although September’s wage increase pales in comparison to growing home prices, any increase is helpful for buyers trying to get in the market.
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  • Homebuilder confidence holds its ground

    Although cost causes concern, demand is persistent
    Although homebuilders still fear increasing material costs, homebuilder confidence remained unchanged at 67 in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
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  • August jobs report: Unemployment holds steady at 3.9%

    Non-farm payrolls increased by 201,000
    The unemployment rate in August remained at 3.9%, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One economist said the 9 year high in wage growth ensures the federal government will raise rates at their meeting later in September.
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  • Job growth surges with strongest growth since last summer

    Construction employment sees largest gain since 2007
    Job growth continued its surge in February, this time growing at its strongest rate since July last year. Job growth was especially high in the construction industry, which saw its largest increase since 2007. For one expert, February’s report was “as good as it gets.”
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  • Employment surges in January lead by construction jobs increase

    Average hourly earnings increase at fastest pace since 2009
    Jobs increased in January, lead in part by gains in construction employment. But experts were especially interested in this month’s wage growth, which posted the highest annual increase since 2009. However, not everyone saw January’s wage growth as a positive sign.
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