October job growth rose to 250,000, unemployment rate unchanged at 3.7 percent

October nonfarm payroll employment rose by 250,000 -- far higher than estimates -- and the unemployment rate was unchanged at 3.7 percent. Wage gains also grew at their highest level since 2009, up 3.1 percent year-on-year.

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Jobs grew by 213,000 in June, unemployment rate ticked back up to 4.0 percent

Total nonfarm payroll employment increased by 213,000 in June, and the unemployment rate rose to 4.0 percent as more job seekers came off of the sidelines. Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.

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Payroll employment grew by 138,000 in May; unemployment rate at 4.3 percent

Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3 percent.

Since January, the unemployment rate has declined by 0.5 percentage point, and the number of unemployed has decreased by 774,000.

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BuilderBytes' MetroIntelligence Economic Update for 9/10/12

Please click here to see the edition of BuilderBytes for 9/10/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• MultiFamily Production Index rises to highest level since 2Q2005
• Nonfarm payroll employment rose by 96,000 in August
• Service sector economy continued growth in August despite economic uncertainty
• Mortgage applications fall by 2.5% in latest survey as refinancings fall

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