Tag Archives: Bureau of Labor Statistics

Only 38,000 jobs were added in the May employment situation from the Bureau of Labor Statistics, the lowest monthly total in nearly six years.

The nation’s unemployment rate took a tumble from April to May, but by and large that was the only good news from Friday's BLS employment situation for May 2016.

Last week, the BLS reported only 160,000 jobs added during April. How did consumers perceive the labor market during the month?

Will the slowdown in labor market be a hindrance to growth in the housing market, or will the will the housing market boom this summer due to the amount of pent-up demand?

The January employment summary reported approximately half of the monthly job gains than in the previous three months. Will February's report be solid enough to convince the Fed to raise rates again in March?

Many in the mortgage industry were anxiously waiting to view the results of the first jobs report of 2016 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted too quickly.

This week the Federal Reserve is looking to raise interest rates, key housing indicators will show how the market is doing, there's a look at key economic indicators as 2015 closes, and we get a preview of how consumers are looking at things going into 2016. Read on.

Many economists and analysts have viewed the November employment summary as the final piece of the puzzle in order to encourage a Fed liftoff later this month.

While the national unemployment rate held steady at 5.1 percent from August (the U6 rate, the broadest measure of unemployment, fell 3 basis points to 10 percent), September saw a gain of just 142,000 jobs, bringing the average monthly total for the first nine months of 2015 down to 198,000, according to the September 2015 Employment Summary released by the Bureau of Labor Statistics (BLS) on Friday. By comparison, average monthly job gains for the first nine months of 2014 totaled 260,000.

Job gains fell below expectations for the month of August, totaling less than 200,000, but wage growth finally began to show some upward pressure—but analysts are still divided on whether it will be enough to convince the Federal Reserve to raise interest rates in their September meeting.