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Tag Archives: Bureau of Labor Statistics

Economist Sees Disconnect Between Low Unemployment Rate and Housing Activity

Other metrics that changed little month-over-month in February, according to BLS, include the civilian labor force participation rate (62.8 percent, and it has remained between 62.7 and 62.9 since April 2014), the number of long-term unemployment persons, or those unemployed for more than 27 weeks (2.7 million), involuntary part-time workers, or workers employed part-time for economic reasons (6.6 million), persons marginally attached to the labor force (2.2 million), and discouraged workers, or those who are not currently looking for work because they believe there are no jobs available (732,000).

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Jobless Rate Falls to 5.6% as Payrolls Increase by 252K

The Bureau of Labor Statistics (BLS) said Friday that the national unemployment rate was down to 5.6 percent by year-end 2014, bringing that number down to its lowest level since June 2008. Economists had expected the jobless rate would fall slightly to 5.7 percent and that non-farm payrolls would increase by 245,000.

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August Employment Growth Lowest This Year

The Bureau of Labor Statistics reported an increase of 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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Report: Weak Labor Market to Blame for Housing Weakness

Though employment numbers have been in recovery, in a recent blog post for the company, RealtyTrac senior staff writer Octavio Nuiry argues that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth. Specifically, what concerns Nuiry most is the huge number of people dropping out of the labor force.

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