Tag Archives: Unemployment

The number of job openings fell in April for the fourth time in the last five months as the number of people leaving their jobs jumped to the highest level since August, the Bureau of Labor Statistics (BLS) reported Tuesday in its month Job Openings and Labor Turnover Survey (JOLTS). According to the JOLTS report, the number of persons unemployed for each job opening rose to 3.10, the first increase in that measure since February. The number of unemployed per job opening fell sharply in the construction industry to 7.7.

When President George W. Bush followed his predecessor Bill Clinton in pushing homeownership, one loud dissenter was British economist Andrew Oswald, who argued that far from improving the economy--as Bush (and Clinton before him) said it would--homeownership hurts the economy in the long run. Now, Oswald and Dartmouth Economics Professor David Blanchflower are at it again in a new paper released by the National Bureau of Economic Research with arguments even they admit may be shallow.

The economy added 175,000 jobs in May, and the unemployment rate ticked up to 7.6.percent, the first month-over-month increase since January, the Bureau of Labor Statistics (BLS) reported Friday.

While it├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós no secret that the recovering job market has helped to lift housing, a study from CareerBuilder shows the benefits work both ways.

First time claims for unemployment insurance fell back to 346,000 for the holiday-shortened week ended June 1, dropping 11,000 after increasing 13,000 one week earlier the Labor Department reported Thursday. Economists expected initial claims to drop to 345,000.

First-time claims for unemployment insurance rose for the third time in the last four weeks, increasing 10,000 to 354,000 for the week ending May 25, the Labor Department reported Thursday.

First-time claims for unemployment insurance for the week ended May 18 dropped 23,000 to, 340,000 from the highest level since the end of March the Labor Department reported Thursday.

Though residential construction "is keeping the economy on an expansionary path," Moody's Analytics suggests that homebuilders are having a tough time shouldering the burden of growth on their own.

The juice that will fuel the economic recovery is housing, or more specifically, new home sales, Freddie Mac stated in its economic and housing market outlook report for May.

When the Federal Open Market Committee completed its two-day meeting at the beginning of May, it issued the usual six-paragraph post-meeting statement.