Tag Archives: Employment

The headline number for the June jobs report—287,000 jobs created—was impressive, especially compared to May's dismal showing. But areas that are critical for housing, such as wage growth, still need work.

June’s employment situation from the Bureau of Labor Statistics fared substantially better than May's. But it may not have any positive effects on the housing market, one economist cautioned.

Job gains were solid and the labor force participation rate reached a 15-month high in February's Employment Summary from the BLS. But the news was not all positive.

The labor market was the strong point of the U.S. economy in the last quarter of 2015, with an average of 284,000 jobs added in the last three months of the year.

While it may be too early to declare a trend, what will it mean if these two central measures of the economy continue on the paths they’ve taken the last two years?

The start of 2016 has seen slowdowns in many key economic areas. Many in the mortgage industry are anxiously awaiting the results behind the first employment summary of 2016, which will come out on Friday. Will job growth continue its momentum into 2016?

U.S. housing markets continue to show improvement, and much of that credit is due to consumers maintaining their mortgages and a better overall employment picture.

The housing market is still trekking down the recovery path, and although the market has not returned to its peak, it has made significant progress since crisis times.

"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions

Multiple market indicators show solid strong stabilization within housing in June, mostly due to employment and current mortgages, according to Freddie Mac's Multi-Indicator Market Index. Housing markets are the strongest they have been since 2008, with the national MiMi surpassing 80 in June. Freddie Mac attributes most of this positive growth to a surge in jobs and mortgages that are kept current in nearly all metros.