Browsing Posts In: unemployment

May 26, 2016 Posted by: George Ratiu, Director, Quantitative and Commercial Research

The U.S. economy sputtered during the first quarter of 2016, as global economic activity throttled back and companies found financial markets’ volatility unsettling. Based on the first estimate from the Bureau of Economic Analysis, real gross domestic product (GDP) rose at an annual rate of 0.5 percent. The figure is in line with last year’s […]

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August 7, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Job gains continued in July, thereby providing a solid foundation for home buying and commercial real estate leasing activity. Not all is alright, however. Part-time employment still remains above normal and wages are barely rising. Job gains in the construction industry remain tepid despite the need to build more homes. Specifically, 215,000 net new jobs […]

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July 10, 2015 Posted by: NAR

This blog post was written by Erin Fitzpatrick. Erin is a Summer Research Intern and is currently studying at George Washington University pursuing a B.S. in Economics and a B.A. in Political Science. Initial claims for unemployment insurance filed during the week ending July 4 increased from the previous week’s level to 297,000. This increase of […]

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July 2, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The job market continues to improve.  In June 223,000 net new jobs were added.  The total comes to 2.9 million over the past 12 months.  These gains will provide a solid support for home sales and commercial real estate leasing activity.  The unemployment rate fell to 5.3 percent, the lowest since 2008. Interestingly though the […]

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June 5, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Very solid job numbers in May.  Jobs are coming at the right time knowing that interest rates are set to rise later this year.  The positive influence to real estate from job creation can easily overpower the negative influence of rising mortgage rates. Specifically, 280,000 net new payroll jobs were added to the economy.  Moreover, […]

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May 28, 2015 Posted by: Scholastica (Gay) Cororaton, Research Economist

The number of people claiming unemployment insurance has fallen to its lowest level since 2000.  Over the past 4 weeks that ended May 23, 2015, the average number of unemployment claims totaled 271,500, the lowest level since April 2000 (Chart 1). The number of claims filed has trended below 300,000 for the past 12 weeks, […]

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April 3, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Job growth slowed markedly in March. It is likely a one-month hiccup.  The broad job market conditions will likely re-strengthen in the upcoming months simply because the number of new filing for unemployment insurance has been rapidly declining.  In the construction industry, there was no net job over the month implying a weather-related halt.  There […]

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March 24, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

A job is virtually guaranteed in Midland (Texas), Lincoln (Nebraska), and Ames (Iowa), where the unemployment rate is under 3 percent. The unemployment rate can be misleading about the health of the local economy at times.  If, for example, many people including the jobless left the area then the unemployment rate can fall since very […]

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March 10, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

American dynamism is springing up as more workers are getting hired and more are voluntarily quitting old jobs.  The changing of jobs in some cases requires a change in residence and therefore buying a new home.  The rise in quit rate also hints an impending rise in wages since employers would not want to lose […]

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October 3, 2014 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

After faltering in August, headline payroll employment growth snapped back in September with the addition of 248,000 jobs.  What’s more, the August figure was revised upward by 38,000 jobs. The unemployment rate eased to 5.9% as a result, the first time under 6.0% since July 2008.  This figure is derived from a different survey, which […]

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