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Tag Archives: Bureau of Labor Statistics

National Unemployment Rate Falls to 7.2% as Hiring Slows

Employers hired 148,000 new workers in September, the Bureau of Labor Statistics reported Tuesday. The hiring pace in the U.S. slowed compared to previous months, yet the unemployment rate slipped to 7.2 percent from 7.3 percent in August. In September, the number of long-term unemployed-meaning those jobless for 27 weeks or more-was little changed at 4.1 million. The government says the number of long-term unemployed has declined by 725,000 over the past year.

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1st Time Jobless Claims Continue to Drop

Continuing the drop in first time claims for unemployment insurance, initial filings fell 5,000 for the week ended September 21 to 305,000, the Labor Department reported Thursday. Economists had expected the number of claims to jump up to 330,000, from the 309,000 originally reported for the week ended September 14.

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1st Time Jobless Claims Up Less Than Expected

Following a sharp drop in first time claims for unemployment insurance a week earlier, initial filings rose 15,000 for the week ended September 14 to 309,000, the Labor Department reported Thursday. Economists had expected the number of claims to jump 49,000 to 341,000, from the 292,000 originally reported for the week ended September 7.

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First-Time Jobless Claims Fall to 7 1/2-Year Low

First-time claims for unemployment insurance for the week ending September 7 plunged 31,000 to 292,000, the lowest level since March 2006, the Labor Department reported Thursday. Economists expected the number of claims to edge up to 330,000 from the 323,000 originally reported for the week ending August 31. The number of filings for that week was unchanged.

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Commentary: Truth… and Consequences

While August's employment situation report was less than robust (with a staggering reduction in July's revised payrolls), it wasn't the first set of data to suggest trouble on the horizon for the housing recovery. The Case-Shiller home price index for June--the most recent--showed continuing, albeit slower, house price gains, pushing affordable homeownership still further from low paid workers. That is, until the numbers change again.

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Unemployment Rate Dips to 7.3% in August

The nation's economy added 169,000 jobs in August as the unemployment rate fell to 7.3 percent, the lowest level since December 2008, the Bureau of Labor Statistics reported Friday. Economists had forecast payrolls would grow by 180,000 and the unemployment rate would remain at July's 7.4 percent. Payroll growth for July, originally reported at 162,000 was revised down 58,000 to 104,000. June payroll growth was also revised downward from 188,000 to 172,000.

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Commentary: A Question of Character

At the end of the classic ""Miracle on 34th Street,"" Fred Gailey—fresh from proving department store Santa Kris Kringle is the Santa Claus—muses aloud, ""Maybe I didn't do such a wonderful thing after all"" when (spoiler alert) he spots Kringle's cane in a vacant, for-sale house his soon-to-be stepdaughter Susie has dreamed of. Perhaps critics of sequester may not have been doing such a ""wonderful thing"" when they argued that across-the-board cuts would have a crippling effect on the nation's economy because of the importance of government spending's ripple effect. Those critics, of course, had statistics on their side.

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First-Time Jobless Claims Higher Than Expected

First-time claims for unemployment insurance for the week ending August 24 dipped 6,000 to 331,000, the Labor Department reported Thursday. Economists expected the number of claims to fall to 330,000 from the 336,000 originally reported for the week ended August 17. The number of filings for that week was bumped up to 337,000.

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First-Time Jobless Claims Hold at Pre-Recession Low

First-time claims for unemployment insurance for the week ending August 17 rose 13,000 to 336,000, the Labor Department reported Thursday. Economists expected the number of claims to rise to 330,000 from the 320,000 originally reported for the week ending August 10. The number of filings for that week was bumped up to 323,000.

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July Existing-Home Sales at Highest Level Since 2009

Existing-home sales soared 6.5 percent in July to an annual sales rate of 5.39 million--the highest level since November 2009--as the price of a single-family home slipped 0.2 percent, the National Association of Realtors (NAR) reported Wednesday. Despite the month-over-month decline, the median price of an existing-home was $213,500, 13.7 percent ahead of the price in July 2012. It was the strongest yearly price gain since October 2005.

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