By: Beth Mace | July 10, 2019
The Labor Department reported that there were 224,000 jobs added in June, above the consensus estimate of 160,000. The June increase in jobs marked the 105th consecutive month of job growth. The latest six-month average increase is 172,000, less than last year’s 223,000 monthly average. Nevertheless, the pace of job gains is strong and generally stronger than the levels that have usually prompted the Federal Reserve to cut interest rates in the past. This suggests that the Fed will not be cutting rates immediately despite other concerns about a slowing economy or trade-related threats to the economy. In recent months, the Fed’s has indicated that it is paying close attention to the risks of an economic slowdown.
By: Beth Mace | June 07, 2019
The Labor Department reported that there were 75,000 jobs added in May, well below the downwardly revised gain of 244,000 in April and below the consensus expectation of 180,000. The deceleration in growth may reflect the effects of slowing global growth and the waning effects of the tax cuts and government spending. Nevertheless, this marked the 104th consecutive month of job growth. The latest three-month average is 151,000, less than last year’s 223,000 monthly average.
By: Beth Mace | May 03, 2019
The Labor Department reported that there were 263,000 jobs added in April, above the consensus expectation of 190,000. This marked the 103rd consecutive month of job growth. The latest six-month average is 200,000, less than last year’s 223,000 monthly average but still very strong for this stage of the economic expansion.
By: Beth Mace | April 24, 2019
NIC MAP® Data Service clients attended a webinar in mid-April on the key seniors housing data trends during the first quarter of 2019. Key takeaways included the following:
