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Tag Archives: Unemployment

Employment Trend Index Inches Up in August

The Conference Board released Monday its Employment Trends Index (ETI) for August, reporting a slight increase from July to a reading of 121.29. "The strong increase in the Employment Trends Index in recent months signals robust job growth through the fall," said Gad Levanon, director of macroeconomic research at the Conference Board, adding that August's lower-than-expected employment numbers "seem to be a one-month deviation from a stronger trend."

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August Employment Growth Lowest This Year

The Bureau of Labor Statistics reported an increase of 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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Report: Weak Labor Market to Blame for Housing Weakness

Though employment numbers have been in recovery, in a recent blog post for the company, RealtyTrac senior staff writer Octavio Nuiry argues that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth. Specifically, what concerns Nuiry most is the huge number of people dropping out of the labor force.

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May Jobless Rate Unchanged as Payrolls Rise by 217K

After surpassing expectations in April, the labor market performed slightly better than anticipated in May, according to numbers released Friday by the Department of Labor. According to the government, the economy added 217,000 new jobs last month, beating out a consensus forecast of 213,000 among economists surveyed by Econoday. The gain—a retreat from April's downwardly revised estimate of 282,000 jobs added—left the national unemployment rate unchanged at 6.3 percent.

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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.

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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.

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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.”

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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."

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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.

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