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DS News Webcast: Wednesday 12/10/2014

The U.S. Bureau of Labor Statistics reported 4.8 million job openings in the U.S. as of the last day of October 2014, up slightly from the 4.7 million reported at the end of September, but overall things changed little month-over-month, according to the October 2014 Job Openings and Labor Turnover Summary released Tuesday. The job openings rate was unchanged from September to October at 3.3 percent. The quits rate and layoffs and discharges rate both remained unchanged from September to October at 1.9 percent and 1.2 percent, respectively.

The level of hires in the U.S. remained unchanged in October from the previous month at 5.1 million, maintaining the August-to-September increase from 4.7 million and holding steady at its highest rate since December 2007. The hires rate was also unchanged in October at 3.6 percent. The number of total separations, or turnover, which includes quits, layoffs, and discharges, came in at 4.8 million for October, unchanged from September. The separations rate in October of 3.5 percent was little changed from September.

Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs said evictions will not be enforced from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in those homes will be able to continue to live there during that two-week period. Freddie Mac's suspension of evictions will apply not just to foreclosed occupied single-family homes, but to 2 to 4 unit properties that have Freddie Mac-owned or guaranteed mortgages.

About Author: Jordan Funderburk


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