After Dismal December, U.S. Economy Added 49,000 Jobs in January
The U.S. economy added 49,000 jobs in January and the unemployment rate dipped to 6.3%, according to data from the U.S. Bureau of Labor Statistics.…
Category: Unemployment
Lowest Unemployment Rate in Months, Recovery is Gradual
Though jobless claims continue to drop, America is still a long way from pre-pandemic numbers. California shows largest decline in decreases. The total number of…
Housing, Economy Turning Corner Amidst COVID-19
While the unemployment rate remains above 13%, home building added more than 260,000 jobs in May. The post Housing, Economy Turning Corner Amidst COVID-19 appeared…
Additional 2.1M Americans File For Unemployment
Delinquencies recorded its highest monthly gain during a period where more than 30 million people are claiming benefits. The post Additional 2.1M Americans File For…
Unemployment Claims Trend Downward
Claims experienced a slight decline from the previous week, but here’s why unemployment insurance data remains “difficult to interpret” amid rising delinquency numbers. The post…
The Link Between Unemployment and Forbearance
With unemployment at record levels, many need to put off mortgage payments through forbearance. However, can unemployment numbers predict the number of homeowners taking advantage…
3.1M More Americans File for Unemployment
Here’s why Doug Duncan, Chief Economist at Fannie Mae, called the latest unemployment data “difficult to interpret.” The post 3.1M More Americans File for Unemployment…
Unemployment’s Threat to Mortgages
Recent data indicates that mortgages could fall into delinquency if the relationship between unemployment and delinquency follows a similar pattern as the Great Recession. The…