Tag Archives: Economy

Economic Snapshot: Builder confidence drops in June

This month’s housing market index is the lowest reading since November 2016. Housing market index Builder confidence slipped two points to a level of 64 in July, from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index. “Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” ...

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Economic Snapshot: Job openings decrease in May

Though job openings decreased in May, the number of hires increased by nearly half a million. JOLTS The number of job openings decreased by 301,000 to 5.7 million on the last business day of May, the U.S. Bureau of Labor Statistics reported, and the job openings rate was 3.7 percent. The number of job openings decreased for total private (-283,000) ...

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Economic Snapshot: Private sector employment adds 158,000 jobs

Private sector employment increased by 158,000 jobs from May to June, according to the June ADP National Employment Report. This is significantly fewer jobs than were added in May, when private sector employment increased by 230,000 jobs. Medium businesses contributed most heavily to the increase, adding 91,000 jobs. Large business added 50,000 jobs, while small businesses only added 17,000 jobs. ...

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Economic Snapshot: Consumer confidence up in June

Consumer confidence, which decreased in May, increased to 118.9 in June. The Present Situation Index increased from 140.6 to 146.3, while the Expectations Index declined from 102.3 to 100.6. Consumers saying business conditions are “good” increased from 29.8 percent to 30.8 percent and those saying business conditions are “bad” declined from 13.9 percent to 12.7 percent. Consumers stating jobs are ...

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Economic Snapshot: June 2017 housing market report

A look at builder confidence, housing starts and existing home sales in the past month. Housing market index Builder confidence dipped two points to a level of 67 from a downwardly revised May reading of 69, according to the National Association of Home Builders/ Wells Fargo Housing Market Index. “Builder confidence levels have remained consistently sound this year, reflecting the ...

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Economic Snapshot: Job openings at series high

While the number of job openings is at a series high for the survey, hires are down this month. JOLTS The number of job openings increased to a series high of 6.0 million on the last business day of April, the U.S. Bureau of Labor Statistics reported. The job openings rate was 4.0 percent. The number of job openings edged ...

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Economic Snapshot: Consumer confidence dipped in May

Though the index is still quite high, this marks the second consecutive month the index has fallen. Consumer confidence The Consumer Confidence Index decreased slightly in May to a level of 117.9. The Present Situation Index increased from 140.3 to 140.7, while the Expectations Index declined from 105.4 to 102.6. Consumers saying business conditions are “good” edged down from 30.8 ...

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Economic Snapshot: Existing home sales dip in April

Photo credit to Dan Moyle

The National Association of Realtors said low supply levels held down sales in April and also pushed the median number of days a home was on the market to a new low of 29 days. Existing home sales Total existing home sales dipped 2.3 percent to a seasonally adjusted annual rate of 5.57 million in April, from a downwardly revised ...

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