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Tag Archives: Unemployment

Report Breaks Down Labor Force Hurdles

A report released recently by the Pew Research Center indicates that while the U.S. unemployment rate is low, the number of people who are "not in the labor force," meaning they are not counted among the unemployed in the BLS survey, is near an all-time high.

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Private Employers Add 230K Jobs in October

The number of jobs in the private sector increased by 230,000 from September to October, according to the latest report from ADP. October's growth was the highest since June and the second highest so far this year, said ADP's president and CEO, Carlos Rodriguez.

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Fannie: Jobs Data Supports Growth Forecast

Fannie Mae's chief economist, Doug Duncan, said the latest employment report supports Fannie's "forecast of solid economic growth," and is consistent with the company's September National Housing Survey, "which is expected to show a rebound in consumer expectations regarding housing after a couple of months of eroding confidence."

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Labor Market Index Improves After Four-Month Slowdown

After slowing for the fourth straight month in August, the Federal Reserve's gauge of conditions in the labor market made a slight recovery in September. The Fed's labor market conditions index, which the central bank said it will now release on a monthly basis, added 2.5 points in September after increasing only 2 points in August—its lowest pace of growth in 13 months.

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Consumer Confidence Suffers Backslide in September

The Conference Board reported a drop of nearly eight points in its monthly measure of consumer sentiment, putting the group's index at 86 from August's upwardly revised reading of 93.4. Economists had expected a slight nudge upward to 92.5 from an originally reported 92.4 the previous month.

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Mortgage Industry Continues to Lose Jobs

Just less than 19,000 tracked mortgage jobs were cut in April, May, and June, according to Mortgage Daily, with more than 20,000 job losses offsetting about 1,600 gains. The net loss is a major jump from the 8,100 reported losses in the first quarter and the nearly 3,000 reported a year ago. All of the reported cuts in the second quarter happened at banks, with credit unions and other non-banks adding jobs.

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