Tag Archives: Employment Summary

The nation’s unemployment rate took a tumble from April to May—but did the jobs report really bring good news for the economy and for housing? Not exactly.

The latest employment summary from the Bureau of Labor Statistics contained several positives, but also came with a few disappointments—including one that may have an adverse effect on housing.

Many in the mortgage industry were anxiously waiting to view the results of the final jobs report of 2015 to see if the Federal Reserve was on track with its rate hike in December or did they act too fast?

October’s healthy job gains of 271,000 reported in the Bureau of Labor Statistics’ (BLS) October 2015 Employment Summary released Friday make a December liftoff by the Fed an extremely likely possibility.

The Federal Open Market Committee stated in its July meeting that more labor growth is needed before the Fed decides to raise the federal target funds rate. Will July's job gains drive the Fed to increase rates in September after years of keeping them near zero?