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Tag Archives: Employment Summary

Job Report Paints Mixed Housing Picture

The industry may be experiencing some déjà vu from the average monthly job gains for July through September from the same period last year as the latest BLS Employment Summary contains news that is both positive and negative for the housing market.

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One Rate Hike Down; How About Another?

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.

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Stellar October Jobs Report Sets Stage for December Rate Liftoff

“As disappointing as last month’s jobs report was, this one more than makes up for it,” said Curt Long, Chief Economist of the National Associations of Federal Credit Unions (NAFCU). “Job gains surged past analysts’ expectations, while the unemployment rate dropped even as 300,000 workers joined the labor force. Meanwhile, year-over-year wage growth hit its highest mark since mid-2009. Barring catastrophe, everything looks set for the Fed to raise rates in December.”

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Will September’s Weak Jobs Report Slow Down Housing Growth?

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.

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