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Tag Archives: Bureau of Labor Statistics

Case-Shiller: Home Prices Up after 7 Straight Monthly Drops

The Case-Shiller Home Price Indexes rose for the first time in eight months in April, Standard & Poor's reported Tuesday The 10- and 20-city indexes each rose 1.3 percent, to the highest levels this year. Year-over-year, the 10-city index was down 2.2 percent and the 20-city index off 1.9 percent, both improving from March.

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Initial Jobless Claims Dip But Remain High

First time claims for unemployment insurance fell to 387,000 for the week ended June 16, from the prior week's 389,000, (revised from the originally reported 387,000) the Labor Department reported Thursday. Economists had expected the report would show 386,000 initial claims.

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Employment Situation Mimics Prior Years and Could Delay Recovery

Following dismal reports on employment, it might be time to give pause to assumptions that a housing recovery is here or soon to arrive. The Bureau of Labor statistics reported Friday that only 69,000 jobs were added in May, the slowest growth seen in a year. Economists said the patterns in the employment situation seen this year echo the previous year when it seemed the economy was gaining its strength back, only to falter.

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Job Growth Weakest in a Year; Unemployment Rate Up

The economy added just 69,000 jobs in May compared with a revised 77,000 in April down from the originally reported 115,000, the Bureau of Labor Statistics reported Friday. The closely watched unemployment rate inched up to 8.2 percent - a function of an increase in the nation's labor force to the highest level ever. Economists surveyed by Bloomberg had expected the number of jobs to increase by 150,000 and the unemployment rate to remain at 8.1 percent.

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Economists Give Their Take on April’s Troubling Employment Numbers

The economy added 115,000 jobs, and the unemployment rate dropped to 8.1 percent. With an upward revision of 53,000, March's payroll growth is now 159,000. Economists expected payrolls to grow by 165,000 for April. The government sector cut 15,000 jobs, and the private sector added 130,000 jobs. With these reported numbers from the Bureau of Labor Statistics, economists from IHS Global Insight, Capital Economics, and Fannie Mae provided their own analysis on what the numbers really mean and what they may indicate for the future.

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Slow Growth: 115,000 Jobs Added In April, Unemployment Rate Down

The nation added 115,000 jobs in April, far below expectations and a drop from March’s revised payroll growth of 154,000, the Bureau of Labor Statistics reported Friday. The closely watched unemployment rate dipped again to 8.1 percent – its lowest level since January 2009 (7.8 percent) when President Obama took office – a function of a sharp drop in the nation’s labor force. Payroll gains for February and March were revised, adding 19,000 to the February numbers and 34,000 to March. The average workweek remained at 34.5 hours – still below the level when the recession began in December 2007 (34.6) and average hourly earnings improved by one cent. The number of people not in the labor force increased, as both the number of people employed and unemployed declined.

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