Tag: job market growth

Job Market Growth

Consumer borrowing enjoyed solid gains, while the job market grew more than expected, and layoffs contracted. Employment Job Market growth exceeded expectations, adding 228,000 non-farm jobs in November, the Bureau of Labor Statistics reported last week. This exceeded market expectations of 200,000 jobs, and kept the unemployment rate at 4.1 […]

Construction spending rebounds and layoffs decrease

  Construction spending rebounded, while employment sagged, and layoffs decreased. Construction Spending  The housing market is desperate for the tempered pricing that increased inventory can bring. Construction spending in August reversed Julys downward trend, resulting in growth to an annual rate of $1.218 trillion. This marked a 0.5 percent gain […]

The Hurricanes take a toll on the US Economy

  “Retail sales took a large, hurricane-related hit while consumer prices expanded and jobless claims data continued to be skewed by weather.” Retail Sales Hurricane Harvey is already having its impact on the economy, as retail sales for August dropped 0.2 percent to $474.8 billion, the Census Bureau reported last […]

Economic News in Review: May 10, 2017

Construction spending saw an unexpected drop, while the economy enjoyed a solid jobs report, and layoffs tumbled as well. Economic Update: Construction Spending After posting five straight months of gains, construction spending saw an unexpected drop. Construction spending fell to an annual rate of $1.21 trillion in March, down 0.2 […]

Economy continues to add jobs

  The economy continued to add jobs on the whole, but layoffs saw a sudden jump. Meanwhile, consumer credit grew but saw a stiff setback. Employment Situation  The U.S. economy added 235,000 non-farm jobs in February, putting the unemployment rate back at 4.7 percent, according to last week’s report  from […]