Tag Archives: Economy

Economic Snapshot: Employment and job openings hold steady

The unemployment rate, which is measured in October, remained unchanged this month. Job openings, which are measured in September, were also unchanged. However, while the number of job openings largely held steady year-over-year, the unemployment rate has seen an annual decline. Employment situation Total nonfarm payroll employment increased by 271,000 in October and the unemployment rate was essentially unchanged at ...

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Economic Snapshot: Private sector employment adds 182,000 jobs

Private sector employment increased by 182,000 jobs in October, according to the ADP Employment Report. The report represents marginally fewer jobs than the gain of 190,000 in September. This is the fourth consecutive month of job increases below 200,000. Small business employment increased by 90,000 jobs in October, which is nearly double the revised September gains of 47,000. Medium businesses added ...

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Economic Snapshot: Builder confidence at highest level since 2005

Builder confidence rose this month, returning to levels seen at the end of 2005 near the completion of the housing boom. Builder confidence The Housing Market Index rose three points to 64 in October, the highest the index has seen in nearly a decade. The index has held in the 60s since June 2015. “With October’s three-point uptick, builder confidence ...

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Economic Snapshot: Unemployment holds at 5.1 percent

The  unemployment rate decline slowed a bit this month, remaining relatively unchanged at 5.1 percent. Employment situation Total nonfarm private employment increased by 142,000 in September and the unemployment rate was unchanged at 5.1 percent. The number of unemployed persons changed little at 7.9 million. Over the year, the unemployment rate and the number of unemployed persons were down by ...

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Economic Snapshot: Builder confidence at highest level in 10 years

The housing market certainly looks positive this week, at least from a builder’s perspective. The National Association of Home Builders/Wells Fargo Housing Market Index reported that builder confidence rose this month to a decade high. Builder confidence increased one point to 62 in September, making this the highest reading for the index since October 2005. "NAHB is projecting about 1.1 ...

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Economic Snapshot: Unemployment rate dips to 5.1 percent

Employment gains continue to increase slowly month-by-month but are still moving in the right direction. This month, unemployment dipped marginally after a decline in July. Employment situation Total nonfarm payroll employment increased by 173,000 in August and the unemployment rate decreased to 5.1 percent. The number of unemployed persons declined to 8.0 million. Over the year, the unemployment rate and the ...

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