Tag Archives: Economy

Economic Snapshot: Private sector employment adds 177,000 jobs

Private sector employment increased by 177,000 jobs from March to April, according to the April ADP National Employment Report. This is down from 255,000 jobs added in March and the first report under 200,000 in the past six months. Medium and small businesses led the increase, adding 78,000 and 61,000 jobs, respectively. Large businesses added 38,000 jobs in March. Service-producing ...

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Economic Snapshot: Existing home sales at 10-year high

Photo credit to Dan Moyle

March’s existing home sales pace surpasses January as the strongest month of sales since February 2007. Existing home sales Total existing home sales rose 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March, from a downwardly revised 5.47 million in February. This is 5.9 percent above the previous year and the strongest month in a decade. ...

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Economic Snapshot: Builder confidence drops from March, remains healthy

Builder confidence in the market for newly built single-family homes fell three points to a level of 68 in April on the National Association of Home Builders/Wells Fargo Housing Market Index. The drop follows a 12-year high in March. “Even with this month’s modest drop, builder confidence is on very firm ground, and builders are reporting strong interest among potential ...

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Economic Snapshot: Small business optimism levels off in March

The National Federation of Independent Business Small Business Optimism Index slipped 0.6 points to 104.7 in March. The small business optimism index remains strong and at record-high levels, despite the slight decline this month. “Small business owners remain optimistic about the future of the economy and the direction of consumer confidence,” said NFIB President and CEO Juanita Duggan. “We are ...

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Economic Snapshot: Private sector employment adds 263,000 jobs in March

Private sector employment increased by 263,000 jobs in March. This is up from 245,000 in February, down from the originally estimated 298,000 jobs, and marks the fifth consecutive month of private sector employment gains above 200,000. “The U.S. labor market finished the first quarter on a strong note,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. ...

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Economic Snapshot: Consumer confidence at highest level in 16 years

Following a trend over the last few months of soaring consumer confidence, the index is now at its highest level since December 2000. Consumer confidence Consumer confidence increased from 116.1 in February to 125.6 in March. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 to 113.8. The percentage of consumers saying business ...

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Economic Snapshot: Existing home sales dip slightly

Photo credit to Dan Moyle

Although existing home sales decreased, February's sales pace is still 5.4 percent above the previous year. 2017 started at the fastest pace of existing home sales in almost a decade. Existing home sales Total existing home sales dropped 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February, down from 5.69 million in January. The median existing home ...

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Economic Snapshot: Builder confidence at 12-year high

The National Association of Home Builders/Wells Fargo Housing Market Index rose in March to its highest level in nearly 12 years. Current sales conditions and sales expectations for the next six months are both very positive indexes among homebuilders. Housing Market Index Builder confidence in the market for newly built single-family homes jumped six points to 71. This is the ...

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Economic Snapshot: Private sector employment adds record-high jobs in February

Private sector employment increased by 298,000 jobs from January to February, according to the February ADP National Employment Report. This is up from 261,000 jobs added in January and the largest increase since June 2014. The report also marks the fourth consecutive month of monthly private sector job growth above 200,000. “February proved to be an incredibly strong month for ...

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