Nonfarm private sector employment increased by 164,000 jobs in December and annual pay was up 5.4% year-over-year, according to ADP.
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US Weekly Jobless Claims Decline in the Week Ending December 30th
The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending December 30th, a decrease of 18,000 from the previous week.
Private Sector Job Cuts Decline in December
US-based employers announced 34,817 job cuts in December, a 24% decline from November, according to Challenger, Gray & Christmas, Inc.
Private Residential Construction Spending Rises Month-Over-Month and Year-Over-Year in November
Private residential construction spending increased 1.1% in November, according to the Census Bureau and NAHB.
Mortgage Applications Decline Over the Holiday Period
For the two-week period ending December 29th, mortgage loan application volume declined 9.4% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
US Job Openings and Labor Turnover Summary for November
As of the last business day in November, the number of job openings changed little at 8.8 million. The job openings rate was unchanged at 5.3%.
US Monthly Construction Spending Increased Month-Over-Month and Year-Over-Year in November
Total construction spending during November was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.4% above the revised October estimate of $2,042.5 billion.
US Pending Homes Sales Unchanged Month-Over-Month but Down Year-Over-Year in November
On Thursday (12-28-23), The National Association of Realtors® (NAR) reported their Pending Homes Sales Index (PHSI), which are based on […]
Fixed-Rate Mortgages Inch Lower
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 28, 2023. The PMMS reports […]
US Weekly Jobless Claims Increase in the Week Ending December 23rd
The U.S. Department of Labor reported on Thursday (12-28-23), its advance figure for seasonally adjusted initial unemployment claims made during […]