Tag: Mike Fratantoni

January Employment Shows Solid 467,000 Gain

For the first time in months, the Employment Report from the Bureau of Labor Statistics exceeded expectations: employers added 467,000 jobs in January, despite a surge in Omicron-variant coronavirus cases, BLS reported Friday.

| By Mike Sorohan

Initial Claims Down 23,000

Ahead of this morning’s employment numbers, the Labor Department reported initial claims for unemployment insurance fell by 23,000 last week.

| By MBA NewsLink Staff

ADP: Private-Sector Employment Takes January Tumble

ADP, Roseland, N.J., said private-sector employment fell in January for the first time since December 2020, delivering a jolt to the post-pandemic economic recovery.

| By MBA NewsLink Staff

4Q GDP Shows Subtle Signs of Slowing

Despite the potential impact of Omicron variant on the U.S. economy, fourth quarter gross domestic product clipped along at nearly 7 percent, the Bureau of Economic Analysis reported Thursday. But the numbers might not be all that they seem, analysts said.

| By MBA NewsLink Staff

Fed Sets Stage for March Rate Hike

The Federal Open Market Committee on Wednesday did not pull trigger on an increase to the federal funds rate—but it left little doubt about action at its next policy meeting in March.

| By Mike Sorohan

A More Challenging Economic Environment for IMBs

NASHVILLE, Tenn.—The nation’s economy—and just as importantly, the housing market—are as challenging and as opportunistic in any time in history, according to Mortgage Bankers Association economists.

| By Mike Sorohan

A More Challenging Economic Environment for IMBs

NASHVILLE, Tenn.—The nation’s economy—and just as importantly, the housing market—are as challenging and as opportunistic in any time in history, according to Mortgage Bankers Association economists.

| By Mike Sorohan