Job growth trended downward and came in below expectations in June, per the latest findings from the U.S. Bureau of Labor Statistics. This adds another data point as the Federal Reserve moves to consider adjusting interest rates in coming months; in previous months, the Fed has been caught between both rising inflation and a weak…
The labor market remains in good standing, beating out economist expectations for another month in May as the rest of the economy continues to waiver under the pressure of geopolitical uncertainty. The latest Employment Situation Summary from the Bureau of Labor Statistics saw the U.S. add 172,000 jobs in May, “well above forecasts ranging from…
Inflation appeared to once again be on the right track for the Federal Reserve’s 2% goal, according to the latest data from the Bureau of Labor Statistics (BLS). However, economists are feeling uncertain about whether the trend will continue as the economy faces potential fallout from geopolitical issues—most notably, the war in Iran. The BLS’s…
As inflation and economic challenges continue to put pressure on the housing construction industry, rising construction costs may point to continued affordability challenges for homebuyers, according to the latest data. The Producer Price Index (PPI) from the Bureau of Labor Statistics released last week found that construction costs for single-family homes were up by 3.2%…
January appears to be looking up in terms of inflation as the latest data from the Bureau of Labor Statistics saw the Consumer Price Index (CPI) hit a low for both inflation and core inflation. The CPI for January saw a 0.2% increase in the all items index, landing annual inflation at 2.4%. This is…
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On the heels of the decision from the Federal Reserve’s Open Market Committee (FOMC) to hold interest rates steady, the latest Bureau of Labor Statistics data appears to support the decision as jobs and unemployment saw improvement in January. The latest Employment Situation Summary—aka the jobs report—saw the U.S. add 130,000 jobs in January, and…
Private sector employment increased by 22,000 jobs in January and pay was up 4.5% year-over-year, according to the January ADP National Employment Report, produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The report is an independent measure of the labor market based on the anonymized weekly payroll data of…
Americans from all walks of life are feeling heightened anxiety about their finances — and that could dampen the housing market’s recovery, according to a new survey from Bright MLS. The survey of more than 3,300 adults found that a majority of Americans are worried about money across the board. However, this concern is felt…
Despite a hopeful moment of decline in November, inflation looks to be stagnant in December, remaining paused from hitting the Federal Reserve’s 2% goal, according to the latest Bureau of Labor Statistics data. The Consumer Price Index (CPI) for December saw a slight increase of 0.3% for the all items index, landing at 2.7% annual…
In a Jan. 9 report on job growth from the Bureau of Labor Statistics (BLS), U.S. employers added 50,000 jobs in December, with the unemployment rate at 4.4%, according to the latest release. Employment continued to trend up in food services and drinking places, healthcare and social assistance. Job losses occurred in retail trade. The…
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