Tag Archives: Economy

Economic Snapshot: Huge gains in consumer confidence, private sector employment

Both consumer confidence and private sector employment saw large increases this month. However, the manufacturing industry continues to be a weak point for private sector employment. Consumer confidence Consumer confidence, which had declined in October, jumped in November from 100.8 to 107.1. The Present Situation Index increased from 123.1 to 130.3 and the Expectations Index rose fro, 86.0 to 91.7. ...

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Economic Snapshot: A steady housing market

Builder confidence has remained steady this month, while housing starts are up over 20 percent from last month and the previous year. Housing Market Index Builder confidence held steady at a level of 63 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “With most of our members responding before the November elections, confidence ...

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Economic Snapshot: Unemployment rate unchanged for 15 consecutive months

While the unemployment rate has shown little movement since August 2015, small business hiring trends suggest the unemployment rate is remaining steady at what some may call “full employment.” Employment situation Total nonfarm payroll employment rose by 161,000 in October and the unemployment rate was little changed at 4.9 percent, according to the U.S. Bureau of Labor Statistics. The number ...

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Economic Snapshot: Private sector employment adds 147,000 jobs in October

Private sector employment increased by 147,000 jobs from September to October, which is down from 202,000 jobs added from August to September, according to the ADP Employment Report. Large businesses contributed the most heavily to the jobs added in October, adding 64,000 jobs. Medium businesses added 48,000 jobs and small businesses added 34,000 jobs. Service-producing employment increased by 165,000 in ...

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Economic Snapshot: New home sales up nearly 30 percent from 2015

Sales of new single-family houses were at a seasonally adjusted annual rate of 593,000 in September 2016. This is 3.1 percent above the revised August rate of 575,000 and 29.8 percent above the September 2015 estimate of 457,000. The median sales price of new houses sold in September 2016 was $313,500 and the average sales price was $377,700. The seasonally ...

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Economic Snapshot: First-time buyers propel existing home sales

Photo credit to Dan Moyle

The share of first-time buyers in existing home sales was at its highest pace in four years in September. Existing home sales Total existing home sales jumped 3.2 percent to a seasonally adjusted annual rate of 5.47 million in September, up from a downwardly revised 5.3 million in August. Sales are now at their highest pace since June and are ...

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Economic Snapshot: Another month of employment stagnation

The unemployment rate has barely moved since August 2015 and the number of job openings dropped after the last business day in August. Employment situation Total nonfarm payroll employment increased by 156,000 in September. The unemployment rate and the number of unemployed persons were little changed, at 5.0 percent and 7.9 million persons, respectively. Both measures have shown little movement, on net, ...

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Economic Snapshot: Private sector employment adds 154,000 jobs

Private sector employment increased by 154,000 jobs from August to September, according to the ADP Employment Report. This is down from 175,000 jobs added in the previous month. This is the fewest number of job additions since April 2016 and the second-fewest in the previous 12-month period. Large businesses contributed most heavily to the job additions this month, adding 64,000 ...

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Economic Snapshot: Builder confidence at 11-year high

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) surged in September, rising to its highest level since before the housing market crash. And while housing starts were down this month, they are still up year over year. Housing Market Index Builder confidence jumped six points to 65 in September, up from a downwardly revised August reading of ...

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