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Tag Archives: Employment

Housing Market Will Benefit From Increased Job Gains, Economists Say

Revised, employment gains for March and April were a combined 32,000 more than previously reported (March's job gains were revised from 85,000 up to 119,000, and April's were revised down slightly from 223,000 to 221,000). With approximately 3.01 million jobs added in the last year and the job situation seemingly recovered from a disappointing March, the housing market may be reaping the benefits later in the year, according to analysts.

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January’s Payroll Additions Beat Forecasts; Unemployment Rate Inches Upward

The unemployment rate, which is measured from a separate household survey, ticked up slightly to 5.7 percent from December's 5.6 percent, reflecting an increase in the number of Americans looking for work. After accounting for annual adjustments to population controls, BLS said the civilian labor force rose by 703,000 in January, bringing the labor force participation rate back up to a still-low 62.9 percent.

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Index Reports Modest Gains for Housing Markets in Q4

The latest National Association of Homebuilders/First American Leading Markets Index (NAHB/LMI) released Thursday found that markets in 63 out of 351 metropolitan areas nationwide (about 18 percent) matched or exceeded their normal levels of economic and housing activity in Q4 2014, according to an announcement from NAHB.

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Unemployment Rate Falls, Payrolls Increase in Most Metro Areas

Continued labor market improvements may bode well for the housing market for the coming year, since housing relies on steady nationwide employment to flourish, according to some economists' predictions. The national unemployment rate continues to drop – December's rate of 5.4 percent is a decline of 1.1 percentage points from the same month a year earlier.

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