Items Tagged with 'Bureau of Labor Statistics'


  • BMO Harris getting rid of their face-to-face loan officers

    Citing customer preference, the bank will put its weight behind centralized call center
    BMO Harris Bank is getting rid of most of its customer-facing mortgage loan officers. According to a report from Milwaukee Journal Sentinel’s Paul Gores, the Chicago-based bank is going to put its energy behind its centralized mortgage call center and minimize its face-to-face LO presence in response to changing customer behavior.
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  • Jobs increase falls below expectations in March

    Construction job growth drops by 15,000
    Total jobs growth in March increased, but far below experts’ expectations, and much-needed construction jobs decreased. However, one expert pointed out the decrease in construction jobs could be due to this year’s harsh winter.
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  • Hiring shows above-average jobs increase in November

    Finalize December rate hike
    Employment increased in line with experts expectations and above the average 2017 pace. Experts say after two months of volatility that we can likely attribute to hurricanes, the labor market appears healthy again, and solidifies the case for a December rate hike.
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  • Fed member pencils in December interest rate hike

    Members undeterred by September job loss
    The most recent employment report from the Bureau of Labor Statistics showed jobs fell by 33,000, the first decrease since 2010. However, even after this significant loss, Philadelphia Fed President Patrick Harker explained the Fed still plans to raise rates in December.
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  • Job creation increase misses the mark in August

    Slowdown not caused by Hurricane Harvey
    Employment increased in August, but the jump was significantly lower than predicted and last month’s increase. The Bureau of Labor Statistics explained the job numbers for August were not affected by Hurricane Harvey. But on the positive side of things, construction jobs saw a much-needed increase.
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  • Employment increase surpasses expectations in July

    Unemployment rate remains unchanged
    The latest jobs report released Friday morning came in above expectations, however it was a slowdown from June’s job growth. Many factors, including the unemployment rate and the labor participation rate, held steady from last month, but hourly wages increased.
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  • Job growth makes up lost ground in June

    Economy adds more than 220,000 jobs
    Job growth increased significantly in June, up from May's job growth and from predictions for June. The unemployment rate remained little changed over the month. Here’s the breakdown on the latest increases in employment.
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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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