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

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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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  • 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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  • This is how the housing market has fared since the Great Recession

    Employment rates and income growth have played a huge factor in market success
    Ten years following the Great Recession, LendingTree has revealed new data that details how well the housing market has fared since 2008. Interestingly, the company's data reveals that employment rates and income growth are key factors in determining which metros have fully recovered. Find out which markets are thriving here.
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  • NAHB: Home renovation spending expected to boom, while homebuilder pockets bust

    Many remodeling experts fear the rising costs of labor and material
    Homebuilders around the country expect consumer confidence and demand to boost home renovation spending within the next two years, according to the National Association of Home Builders. NAHB Remodelers Chair Joanne Theunissen said although there is steady demand across the country, costs of labor and materials are the industry's biggest challenges.
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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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  • Experts: Wage growth could further rate hikes in 2019

    But one expert thinks 2018 will end on a jolly note
    In November, the unemployment rate held steady at 3.7% and wages rose slightly, leading some experts to predict the likelihood of continual rate hikes in 2019. Despite these concerns, one expert believes homebuyers will end the year on a jolly note.
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