Payroll employment roared back in October after tepid growth the previous two months as the U.S. began to move on from the fading coronavirus Delta variant, the Bureau of Labor Statistics reported Friday.
Tag: Wells Fargo Economics
Building Materials, Labor Shortages Hold Back Construction
Construction spending, while up year over year, continues to be hampered by building materials shortages and difficulties finding labor, the Census Bureau reported Monday.
Supply Chain Issues Show Up in 3Q Gross Domestic Product
We’ve been hearing a lot of news lately about the U.S. economy being hamstrung by supply chain issues. On Thursday, the Bureau of Economic Analysis appeared to quantify those issues.
October Consumer Confidence Increases
The Conference Board, New York, said its October Consumer Confidence Index increased for the first time in four months.
September New Home Sales Post Strong 14% Increase
New home sales jumped by 14 percent in September, HUD and the Census Bureau reported Tuesday, showing no signs of the traditional fall slowdown.
CRE Fundamentals Continue Bounceback
Commercial real estate fundamentals are bouncing back with help from a slower, but still steady economic recovery, reported Wells Fargo Economics, Charlotte, N.C.
September Existing Home Sales Jump 7%
Existing home sales came roaring back in September, rising by 7 percent with all four regions posting strong monthly gains, the National Association of Realtors reported Thursday.
September Housing Starts Slip; Pipeline Remains Strong
Housing starts fell slightly in September, the Census Bureau reported Wednesday, a blip in what has otherwise been a much improved year that, given supply chain issues, could have been even stronger.
September Employment Sees 194,000 Gain; Unemployment Rate Falls to 4.8%
Total nonfarm payroll employment rose by 194,000 in September—well below expectations—but the unemployment rate fell by 0.4 percentage point to 4.8 percent, the Bureau of Labor Statistics reported Friday.
Office Demand Increases, But Full Return Remains Far Off
New demand for office space rose in August, indicating the Delta variant did little to damp employers’ searches.