Perhaps the state that showed the best performance in level of employment was Utah. Industries seem to be booming there, where 52K jobs positions were added. Construction registered an increase of 7.7%, while Leisure and Hospitality did on 7.4%. Trade and Transportation, and Financial Services also increased their levels by 5.0% and 4.9%. Utah ranked … Continue reading Utah ranks on top in job creation for April 2015.
The US Bureau of Labor Statistics released on April 27th 2015 its preliminary data on unemployment. On the national level the unemployment rate is still at 5.4%. By regions, the Midwest had the lowest unemployment rate, 5.0% The Western region had the highest rate at 5.8%. The highest rates of unemployment were in Nevada and … Continue reading Unemployment rate is still at 5.4%: BLS.
Housing market slowed down by 3.3% in United States during the month of April 2015, the National Association of Realtors reported on May 21st 2015. Lowest levels of sales by price were on the price range below 100K. However, Realtors are confident the housing market will rebound during the summer as they see April’s slow-down … Continue reading Who is holding back the housing market?
Professional Businesses and Trade, Utilities and Transportation pulled up job creation in United States for January 2015. Employment level started 2015 with an increase of roughly 213,000 jobs compared to December 2014, ADP reported today January 4th 2015. January employment level growth usually shows a slower pace due to weather conditions. So far, winter in … Continue reading Professional Businesses and Transportation pulled up job creation in U.S. for January 2015: ADP.
Real Gross Domestic Product increased 5.0 percent in the third quarter of 2014, the US Bureau of Economic Analysis reported today January 22 of 2015. The largest contributor for its expansion was the Finance, insurance, real state, rental and leasing Industry with a significant 20% of the total value added to GDP during the third … Continue reading Real US GDP increased 5.0 percent in the third quarter of 2014: BEA.
Advance Estimates for Retail and Food Services show that Sales for December 2014 increased 3.2 percent compared to December 2013. Statistics were adjusted by season, but not corrected for inflation, which gives a total estimated sales volume of U$442.9 billion. Auto and other motor vehicles dealers were up 9.2 percent when compared to same month … Continue reading US Census Bureau’s Advance Estimates show Retail Sales increased 3.2% in December 2014.
Apparently, the US economy follows its way into a strong recovery. Employment level closed 2014 with an increase of roughly 241,000 jobs compared to November 2014. New employees went to work mostly for small businesses, which added 106,000 jobs to the economy. Medium businesses added roughly 70,000 whereas large businesses only 60,000. There have not … Continue reading 241,000 jobs added to US Economy in December 2014: ADP.
With oil prices at year’s lowest, U$55.25 per barrel, everyone wonders about possible spillovers in the United States national economy. Although many people started to enjoy low prices of gas and others turned recklessly their furnace up during the winter, many other people started worrying about their own jobs, inflation/deflation, future demand for new orders … Continue reading Falling Oil Price and Unemployment: Inferences from TMOS.