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Tag Archives: Bureau of Labor Statistics

Unemployment Rate Low, But Number of Americans ‘Not in Labor Force’ Near All-Time High

The October 2014 Employment Situation Summary released by the U.S. Bureau of Labor Statistics (BLS) on November 7 reported a nationwide unemployment rate of 5.8 percent, the lowest level in more than six years. However, a report released recently by the Pew Research Center indicates that while the U.S. unemployment rate is low, the number of people who are "not in the labor force," meaning they are not counted among the unemployed in the BLS survey, is near an all-time high.

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Employment Growth Falls Well Short of Expectations for August

Employment growth in the United States took a sharp downturn in August, according to government figures released Friday. The Bureau of Labor Statistics reported an increase 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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ADP: Hiring Surges in June

Employment in the private sector rose in June at the highest rate in nearly two years, according to the ADP National Employment Report issued Wednesday for the month of June. By ADP's calculation, private sector employment rose by 281,000 new jobs created, surpassing most already optimistic projections.

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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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2014 Home Sales Depend on Strong Job Market

Real Estate Market

Freddie Mac released its latest Economic and Housing Market Outlook, expecting home sales to grow along with wages this year, despite a still-tough job market in most sectors. Freddie is projecting a 3 percent rise in home sales and a 20 percent rise in new home construction in 2014, which the agency expects to level out to a 5 percent overall growth.

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