Posts with tag Labor Department

Higher unemployment numbers completed another vicious cycle for the housing crisis last month. The nation's unemployment rate increased to 9.8 percent in November, the highest level in seven months, the Labor Department announced today. While economists were anticipating 150,000 new jobs, employers made only 39,000 new... Continue Reading »

Peace in our time! Mission accomplished! Unemployment down! The unemployment rate unexpectedly dipped below 10 percent in January, to 9.7 percent, according to the Labor Department. And stock markets rallied on the news. A jobless rate below 10 percent is certainly good for morale -- and for real estate. But hold the... Continue Reading »

Rarely are home values and the job market as closely tied together as they have been during this recession. So last week's employment numbers offer a good omen for both. The number of initial unemployment claims dropped last week, according to the Department of Labor. The rate of new claims is now close to a number... Continue Reading »