Items Tagged with 'Employment Situation Summary'

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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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  • America’s teachers can’t afford housing and this is why

    Teachers struggle to afford most homes in the nation's largest housing markets
    The latest Employment Situation Summary report revealed the average American income has grown 3.2% over the year, rising four cents to $27.70 in April. Despite this financial boost, new data from Trulia indicates as home price acceleration outpaces wage growth, the nation’s teachers, first responders and restaurant workers struggle to afford to live in the communities they serve.
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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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  • 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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  • Unemployment rate holds ground at 3.7%

    Nonfarm payrolls increase by 155,000
    The unemployment rate held its ground at 3.7% in November, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One expert said this week’s stock market volatility has markets watching November's job report closer than usual.
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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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