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Home | Tag Archives: Unemployment

Tag Archives: Unemployment

Is Unemployment Stifling the Housing Market?

Is Unemployment Stifling the Housing Market?

The unemployment rate was unchanged in May, staying put at 6.3 percent with 9.8 million Americans unemployed. Unemployment is the lowest it has been since September 2008. However, RealtyTrac's Octavio Nuiry makes the case that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth—and could cause more problems in the future.

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U.S. Adds 217,000 New Jobs in May

U.S. Adds 217,000 New Jobs in May

After surpassing expectations in April, the labor market performed slightly better than anticipated in May, according to numbers released Friday by the Department of Labor. According to the government, the economy added 217,000 new jobs last month, beating out a consensus forecast of 213,000 among economists surveyed by Econoday. The gain—a retreat from April's downwardly revised estimate of 282,000 jobs added—left the national unemployment rate unchanged at 6.3 percent.

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Job Market Optimism Boosts Consumer Confidence

Job Market Optimism Boosts Consumer Confidence

"Consumer confidence improved slightly in May, as consumers assessed current conditions, in particular the labor market, more favorably," said Lynn Franco, director of economic indicators at the Conference Board. "Expectations regarding the short-term outlook for the economy, jobs, and personal finances were also more upbeat."

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Texas Employment Numbers Best in the Nation

Texas Employment Numbers Best in the Nation

A new report by the Wells Fargo Economics Group found that Texas added 64,100 new jobs in April, the largest gain in the nation. The boost in job numbers helped push unemployment down to 5.2 percent from 5.5 percent in March. Nationwide, unemployment was 6.3 percent for the month of April.

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New Hampshire Foreclosure Deeds Fall

New Hampshire Foreclosure Deeds Fall

The number of foreclosure deeds in New Hampshire fell in March, suggesting that New Hampshire's long term foreclosure outlook will continue to improve, according to the New Hampshire Housing Finance Authority (NHHFA). The foreclosure activity in the first quarter of 2014 was below that of every year since 2007, and is 21 percent below last year's first quarter.

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Consumer Confidence Slips in Florida

Consumer Confidence Slips in Florida

The Wells Fargo Economics Group released a recent report outlining consumer confidence in the Sunshine State. The data from April suggests consumer sentiment slipped in Florida one point to 79 for the month, largely due to increased concerns about current economic conditions.

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U.S. Unemployment Drops to 6.3%; Adds 288,000 Jobs

U.S. Unemployment Drops to 6.3%; Adds 288,000 Jobs

According to the latest report from the Labor Department, the rate of unemployment last month fell to 6.3 percent, down nearly half a percentage point after a flat March. At an estimated 9.8 million, the number of unemployed people was down by 733,000. Employers across the country added 288,000 jobs to their payrolls in April, bringing the unemployment rate down to a new post-crash low.

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Job Growth Surges in March; Unemployment Stays Put

Job Growth Surges in March; Unemployment Stays Put

The Department of Labor reported 192,000 new jobs in March, down slightly from February’s revised growth of 197,000 (from 175,000 originally reported). Despite last month’s apparent strength, the overall unemployment rate stubbornly stayed at 6.7 percent, unchanged from February (which was a slight step up from January’s 6.6 percent).

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