Tag Archives: Employment

Job Growth in May 2018 posts a 223,000 Net Job Gain, Up 1.61 Percent Versus a Year Ago, Unemployment Rate Drops to 3.8 Percent – Lowest in 18 Years

Jobs are everything.  Period.  Good news is that things are looking up. The U.S. added 223,000 net new jobs (preliminary) in May 2018, the best May gain since 2015.  The unemployment rate dropped to 3.8 percent, a level last seen in April 2000 and matches a 50-year low.  In the latest 12-months, the U.S. added …Read more

State Job Growth Rates — 12-Months Ending April 2018

Jobs are everything to the economy – period. The following table shows the percent change in jobs for each state and the District of Columbia for the 12-months ending April 2018.  The analysis is based on seasonally adjusted data as provided by the Bureau of Labor Statistics.  Only two states continued to post a loss …Read more

State Employment Performance- March 2018

Jobs are everything to an economy.  Period. The following table shows the top-10 states’ job growth rates for the 12-months ending March 2018 using the 2018 revised data from the BLS (which tweaked numbers all the way back to 1990).  In addition to the one-year job growth rate, also included are the overall rankings for …Read more

2018 & 2019 Refinance and Purchase Lending Forecasts as of January 2018

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions. The forecasts typically span a three-year period, currently from 2017 to 2019.  Freddie Mac did not breakout the quarterly forecast …Read more

MSA and Division Employment Gains – November 2017

Jobs are everything to an economy. Period. Each month the U.S. Bureau of Labor Statistics (BLS) releases employment data at the Metropolitan Statistical Area (MSA) and Division level in both Seasonally Adjusted Annualized Rates (SAAR) and non-seasonally adjusted formats. All employment data in this discussion are from the BLS. As I have written in the …Read more