Total nonfarm employment rose by just 199,000 jobs in December, well below consensus expectations, as employers continued to have trouble filling open positions, the Bureau of Labor Statistics reported Friday.
Tag: Wells Fargo Economics
Residential Construction Sees November Gains
Construction spending rose in November, the Census Bureau reported Monday, boosted by an uptick on the residential side.
Existing Home Sales Up 3rd Straight Month
Existing home sales appear to be heating up again as the year ends, the National Association of Realtors reported Wednesday.
Housing Market Roundup: Dec. 21, 2021
So many reports, so little time. Here’s a roundup of recent housing market reports that came across the MBA NewsLink desk:
Milder Weather Boosts November Housing Starts
New residential construction benefited from relatively mild November weather, HUD and the Census Bureau reported Thursday.
MBA November Builder Applications Survey Down 3% From October; 2.2% from Year Ago; Home Builder Sentiment Up
Mortgage applications for new home purchases fell in November by 3 percent from October and by 2.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
MBA November Builder Applications Survey Down 3% From October; 2.2% from Year Ago; Home Builder Sentiment Up
Mortgage applications for new home purchases fell in November by 3 percent from October and by 2.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Consumer Price Index: Paying Like It’s 1982
Inflation—sure to be a topic at this week’s Federal Open Market Committee meeting—roared like a lion in November, jumping by nearly 7 percent year over year to its fastest pace in nearly 40 years, the Bureau of Labor Statistics reported Friday.
November Jobs Up by 210,000; Unemployment Rate Falls to 4.2%
The November employment report followed a recent and inconsistent pattern: employment rose in November, although well below expectations, while the unemployment rate fell sharply, the Bureau of Labor Statistics reported Friday.
Congested Supply Chains, Shift to eCommerce Boost Industrial Sector
Accelerating e-commerce, strong consumer demand amid supply chain bottlenecks and businesses restocking their inventories are benefiting industrial real estate, reported Wells Fargo Economics, Charlotte, N.C.