Home >> Tag Archives: Unemployment (page 4)

Tag Archives: Unemployment

Consumer Spending Gauge Perks Up After March Drop

In its most recent monthly release, Deloitte reported a slight rise in its Consumer Spending Index, which measured 3.88 as of the end of the month. Daniel Bachman, senior U.S. economist for Deloitte, said the improvement was thanks to April's decrease in initial unemployment claims and a double-digit pickup in real median new home prices.

Read More »

National Indicators Slip Further Away from ‘Stable’

In the company’s second-ever Multi-Indicator Market Index (MiMi), analysts at Freddie Mac reported a national index value of -3.11, putting the U.S. market just on the “weak” side of a stable market (ranging from index values of -2 to 2). “Despite a slowdown over the winter months, the housing market continues to show improvement in most states, although at a somewhat slower pace,” said Frank Nothaft, VP and chief economist at Freddie Mac.

Read More »

Consumer Spending Gauge Takes Hit as Home Prices Slow

The Deloitte Consumer Spending Index, a measure of consumer cash flow as an indicator of future spending, fell from a revised reading of 4.03 in February to 3.51 in March. Despite the drop, Deloitte maintains that conditions remain positive for consumers. “The outlook for consumer spending remains healthy,” said Daniel Bachman, senior U.S. economist for the firm, adding, “The Index declined primarily due to a slower increase in median home prices.”

Read More »

Report: Nevada Housing Poised for Steady Improvement

It would appear that the Silver State is slowly making a comeback, according to a new report from Wells Fargo’s Economics Group. Overall, the group believes that Nevada's housing market is on the right track, fueled by rising employment, higher incomes, and a rapidly increasing population. However, inventories "will have to come down further before residential construction can really take off."

Read More »

Economy Adds 192K Jobs in March; Unemployment Steady at 6.7%

The Department of Labor reported 192,000 new jobs in March, down slightly from February’s revised growth of 197,000 (from 175,000 originally reported). January’s employment growth was also revised, receiving a bump up to 144,000 from 129,000 reported last month. Despite last month’s apparent strength, the overall unemployment rate stubbornly stayed at 6.7 percent.

Read More »

Leading Indicators Point to Warm-Weather Recovery

The Conference Board reported its Leading Economic Index (LEI) increased 0.5 percent last month to 99.8, inclining steeper after a 0.1 percent gain in January. “The U.S. LEI increased sharply in February, suggesting that any weather-related volatility will be short lived and the economy should continue to improve into the second half of the year,” said Ataman Ozyildirim, economist at the Conference Board.

Read More »

Employers Add 175K Jobs in February; Unemployment at 6.7%

According to the Labor Department, the U.S. economy added 175,000 jobs in February, beating expectations after two weak months but still failing to impress. While more promising than December and January—which showed upwardly revised payroll growth of 84,000 and 129,000, respectively—February’s numbers still fell well short of 2013’s average monthly growth of 194,000.

Read More »

Finance Execs Maintain Cautious Optimism for 2014

Out of more than 900 respondents to Fiserv’s 2014 Boardroom Series Outlook Survey, 50 percent expressed “somewhat” or “very optimistic” expectations for economic growth this year, with another 42 percent expecting the year to follow more or less the same track as 2013. A combined 9 percent said they are “somewhat” or “very pessimistic.”

Read More »

Report: BofA Cutting Mortgage Jobs

The nation's second largest lender is reportedly cutting 450 jobs in its West Coast offices, according to Bloomberg. ""These notifications have been ongoing and reflect our previously announced efforts to reduce our size, resolve legacy issues and simplify our company,"" said Dan Frahm, a spokesman for Bank of America. The lender is still hiring in non-mortgage areas, and some employees will find jobs in other parts of the firm, he said.

Read More »

Weak Job Growth Continues Through January

Unemployment

According to the government's latest data, total nonfarm payroll employment rose by 113,000 last month, adding more bleak numbers to December's barely revised growth of 75,000. The unemployment rate edged down slightly to 6.6 percent. Since October, the jobless rate has fallen more than half a percentage point, largely thanks to declines in the number of people counted as being part of the labor force. There's a little bit of good news, though.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.