As expected, after decreasing in May, the Employment Trends Index continued its solid path upwards in June, with positive contributions from all of its components and rising by 5.2 percent year-over-year to 108.94. The labor market will continue to tighten in the coming months, with strong employment growth outpacing the number of people entering the labor force.
READ MORE
Monday, July 9, 2018
June Employment Trends Index rebounded from May, up 5.2 percent year-on-year
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.
READ MORE
Friday, July 6, 2018
Gallup: Percent of Americans recognizing robust job market still near record high
Americans continue to recognize a robust U.S. job market, with 65% saying that it is a good time to find a "quality job," similar to 67% in May. These are the highest readings in Gallup's 17-year history of tracking this measure of Americans' views of the employment situation.
READ MORE
Thursday, July 5, 2018
OECD report discusses left-behind workers in economic growth
The Organization for Economic Cooperation and Development (OECD) has a new report out which discusses why so many workers in the U.S. feel left behind even with low unemployment and healthy GDP growth.
This is important for the future as the economy continues to transition to one using more technology and robotics. How can we include today's workers in the job markets of tomorrow?
Click here for the entire report: https://lnkd.in/gtPg8GQ
Initial unemployment claims rise by 3,000 in latest report
In the week ending June 30, initial unemployment claims were 231,000, an increase of 3,000 from the previous week's revised level. The 4-week moving average was 224,500, an increase of 2,250 from the previous week's revised average.
READ MORE
Mortgage applications fall 0.5 percent in weekly report
The Market Composite Index decreased 0.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 1.0 percent and refinances falling 2.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.79 percent.
READ MORE
Bloomberg: Consumer comfort index reaches 17-year high
Americans' sentiment approached a 17-year high last week on increasingly upbeat views of the economy and personal finances, rising to 57.6. This was the fourth consecutive weekly advance.
READ MORE
June service sector economy index rises another 0.5 points to 59.1 percent
The June NMI® registered 59.1 percent, which is 0.5 percentage point higher than the May reading of 58.6 percent. There is a continuing concern relating to tariffs, capacity constraints and delivery.
READ MORE
June planned job cuts up 18 percent from May and 19.6 percent year-on-year
Job cuts announced by U.S.-based employers rose 18 percent to 37,202 in June, and were up 19.6 percent year-on-year. Although the second quarter saw 25.3 percent fewer cuts than the previous quarter, they were still up 4 percent year-on-year.
READ MORE
ADP: Private Sector Employment Increased by 177,000 Jobs in June
Private-sector employment increased by 177,000 from May to June, on a seasonally adjusted basis. This compares with growth of 189,000 in May and 154,000 last June.
READ MORE
June FOMC meeting minutes: Concern about trade tensions, flattening yield curve
U.S. central bankers discussed whether recession lurked around the corner, and expressed concerns global trade tensions could hit an economy that by most measures looked strong. In addition, gradual rate hikes could take fed funds rate above neutral level some time next year.
READ MORE
Tuesday, July 3, 2018
CoreLogic: Home prices increased nationally by 1.1 percent between April and May 2018, and were
up 7.1 percent year over year. Looking
ahead, the CoreLogic HPI Forecast indicates that the national home-price index
is projected to continue to increase by 0.3 percent in June and 5.1 percent
over the next year.
READ MORE
Durable goods orders rebounded 0.4 percent in May, up 8.7 percent YTD year-over-year
Orders for durable goods bounced back strongly in May, rising by 0.4 percent. So far in 2018, durable goods orders have risen 8.7 percent versus the same period of 2017.
READ MORE
Monday, July 2, 2018
June manufacturing sector index up 1.5 points to 60.2, tariffs concerns cited for future
The June PMI® registered 60.2 percent, an increase of 1.5 percentage points from the May reading of 58.7 percent. Demand remains robust, but the nation's employment resources and supply chains continue to struggle. Respondents are overwhelmingly concerned about how tariff related activity is and will continue to affect their business.
READ MORE
May construction spending rose 0.4 percent from April, up 4.5 percent year-on-year
May construction spending rose 0.4 percent from April, and was up 4.5 percent year-on-year. For the first five months of the year, it was up 4.3 percent year-on-year.
READ MORE
Subscribe to:
Posts (Atom)
