The unemployment rate remained low at 3.7% in November, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that upward pressure on wage rates will continue. Further indications that this is in fact starting to occur were…
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Penetration rates vary across markets and across time. Some of the variation may be due to differing demand factors such as population and household growth and size, consumer preferences, familiarity and comfort with the product, changes in the composition of inventory, and cultural influences. This blog post explores some of this variation.
The chart above shows the ordinal ranking of…
As NIC MAP® Data Service clients know, NIC regularly adds new features to the client platform, often as a direct response to client requests, or as new data and analytical tools become available. NIC works hard to ensure developers, operators, investors, and other stakeholders, have access to the high-quality data they need from the best available time series market data…
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The unemployment rate held steady at 3.7% in October, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that there will be building pressure on wage rate growth.
Evidence is mounting that this is in fact starting…
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Economy,
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Jobs Report,
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U.S. Economy,
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VolumeThe Labor Department reported that there were 201,000 jobs created in the U.S. economy in August, above the consensus expectation of 190,000. However, revisions subtracted 50,000 to the prior two months as June was revised to 208,000 from 224,000 and July was revised to 147,000 from 157,000. Payrolls have averaged 207,000 per month so far this year, up from 182,000…
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Data,
Demographics,
Economy,
Job,
Jobs Report,
Labor,
Market Study,
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Unemployment
