In a report from the Bureau of Labor Statistics (BLS) on March 6, the U.S. economy lost 92,000 jobs in February, a month marred by severe winter weather. February was the third time in the past five months that payrolls declined, following a sharp revision showing a drop of 17,000 in December. As stocks sold…
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In a delayed report on job growth from the Bureau of Labor Statistics (BLS) on Nov. 20, U.S. employers added 119,000 jobs in September, with the unemployment rate rising slightly to 4.4%. Employment continued to trend up in healthcare, food services and drinking places, and social assistance. Job losses occurred in transportation and warehousing and…
As the government shutdown limits activity in many markets, mortgage applications continue to drop for the second consecutive week, aligning with projections stating that October would see less demand and less competition between homebuyers. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan application volume—decreased 4.7% on a seasonally…