11 Jun 2013
By Fred Gruber

Increasing May Jobs Report Shows Strengthening Economy

Financial Reports , ,
The U.S. Department of Labor released its Non-Farm Payrolls and National Unemployment Rate reports Friday showing 175,000 jobs were added in May, which surpassed expectations of 164,000 new jobs and April's reading of 149,000 jobs added. The jobs added in May were largely from the private sector. However, the national unemployment rate for May was 7.60 percent, one-tenth of a percent higher than expectations and the April reading of 7.50 percent. The rise was attributed to more people entering the workforce as opposed to people losing jobs. 420,000 workers joined the workforce in May, which pushed the civilian participation rate…
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08 May 2013
By Fred Gruber

Upswing In April 2013 Jobs Report Signals Good News For Real Estate

Housing Analysis , ,
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report. 165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April. 673,000 jobs have been added since January. Jobs were added in employment sectors including business and professional, health care and eating and drinking establishments. The main impact of the jobs report on home sales and mortgage lending is the ability of would-be home buyers to qualify for mortgage loans. Long term unemployment…
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10 Apr 2013
By Fred Gruber

Federal Jobs Report Shows Biggest Increase Since 2008

Financial Reports , , , ,
The Bureau of Labor Statistics (BLS) issued its Job Openings and Labor Turnover report for February on Tuesday, June 9th, 2013. The data was mixed with preliminary figures for all non-farm jobs increasing from 3.62 million jobs in January to 3.93 million jobs in February. This was the highest month-to- month increase in jobs since May 2008.  Non-farm jobs increased by 399,000 jobs from 3.53 million in February 2012 to 3.93 million jobs in February 2013, an increase of 10.2 percent year-over-year. More Jobs Means More Opportunities For Home Ownership More jobs generally means higher incomes and stability which enable…
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