Wells Fargo Keeping Current 1.17.2020

January 24, 2020By Relocation TodayNews No Comments

Payrolls rose by 145,000 jobs in December, generating a monthly average net gain of 175,700 jobs in 2019. That’s down from 2018’s average monthly net gain of 223,250 jobs. Employment rose by 1.4% in 2019, matching the expansion’s average annual gain. The unemployment rate remained at 3.5% in December. The last time it was lower … Read More

Wells Fargo Keeping Current 11.15.2019

November 19, 2019By Relocation TodayNews No Comments

Payrolls expanded by 128,000 jobs in October, leaving employment 1.4% ahead of its level a year earlier. Meanwhile, the growth in payrolls in August and September was revised up by 95,000 jobs. So far in 2019, employment has expanded by a monthly average of 167,000 jobs. During the first ten months of 2018, payrolls added … Read More

Wells Fargo Keeping Current November 1, 2019

November 5, 2019By Relocation TodayNews No Comments

Existing home sales fell 2.2% in September to an annualized, seasonally adjusted sales rate of 5.38 million units. Through the first nine months of this year, sales are down 1.7% relative to 2018’s first nine months.1 The median sales price of the existing homes sold during September was $272,100, a 5.9% increase over the median … Read More

Wells Fargo Keeping Current October 18, 2019

October 31, 2019By Relocation TodayNews No Comments

Payrolls expanded by 136,000 jobs in September, leaving employment 1.4% ahead of its level a year earlier. So far in 2019, employment has expanded by a monthly average of 160,800 jobs. During the first nine months of 2018, payrolls added an average of 219,900 jobs per month.1 The unemployment rate dropped from 3.7% to 3.5% … Read More

Wells Fargo Keeping Current September 20, 2019

September 24, 2019By Relocation TodayNews No Comments

Sales of existing homes expanded for the second consecutive month in August, the first time back-to-back gains in the sales rate have been recorded since November 2017. The 1.3% gain put sales at an annual rate of 5.49 million units, the strongest sales pace since early 2018.  Year-to-date, sales are 2.6% below sales through the … Read More

Wells Fargo Keeping Current September 6, 2019

September 10, 2019By Relocation TodayNews No Comments

Sales of new homes dropped 12.8% in July, but June sales were revised  up sharply – from the initial report of a 7.0% increase to a 20.9% boost. June’s annual pace of 728,000 units is the strongest rate since July 2007. July’s 635,00-unit rate puts year-to-date new home sales 4.1% ahead of last year’s sales … Read More

Keeping Current August 9, 2019

August 15, 2019By Relocation TodayNews No Comments

As widely expected, the Federal Reserve lowered its target rate for the federal-funds rate on July 31. The target range, the Fed’s primary policy lever for short-term interest rates, was cut by a quarter point to 2.00% to 2.25%. It’s the first cut in rates since late 2008, and it reverses the increase in the … Read More

Keeping Current July 12, 2019

July 16, 2019By Relocation TodayNews No Comments

Employers added 224,000 jobs to the nation’s payrolls in June, up from May’s gain of 72,000 jobs. A total of 1.03 million jobs were added during the first half of 2019, down from the 1.41 million jobs added during the first half of 2018. All data are seasonally adjusted.1 The unemployment rate edged up to … Read More