U.S. Weekly Jobless Claims Increase by 18K, Rising from 52-Week Low

U.S. Department of Labor

In the week ending December 11, the advance figure for seasonally adjusted initial claims was 206,000, an increase of 18,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 184,000 to 188,000. The 4-week moving average was 203,750, a decrease of 16,000 from the previous week's revised average. This is the lowest level for this … [More]

Roommates.com Reveals the Cheapest Cities for Finding a Roommate

inbusinessPHX.com

Phoenix-based Roommates.com has launched Roommates.com Labs, a deep dive into data and trends regarding roommates, rents, demographics, and the movement of people. In their first article, they're looking at their real-time data to see in which ten cities it's cheapest to find a roommate, as of December 2021. Overall, rent for a roommate in a house with one or more people … [More]

Mortgage Delinquency Declines across the US in September to Approach Pre-Pandemic Levels, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2021. For the month of September, 3.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.4-percentage point … [More]

Small Business Optimism Up Slightly in November

NFIB

The NFIB Small Business Optimism Index increased slightly in November by 0.2 points to 98.4. Four of the 10 Index components improved, four declined, and two were unchanged. The NFIB Uncertainty Index decreased four points to 63. “As the end of the year nears, the outlook for business conditions is not encouraging to small business owners as lawmakers propose … [More]

Small Business Economic Trends Report Reveals 42-Year High in One Component

NFIB

Today’s release of the NFIB's monthly look at the nation’s small-business economy is certain to raise eyebrows in one of the poll’s 10 components—The net percentage of small-business owners raising selling prices jumped six points to a net 59%, the highest reading since October 1979. Other key findings included: Owners expecting better business conditions over the next … [More]

Homeowners Gained More Than $3.2 Trillion in Equity in Q3 2021, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the third quarter of 2021. The report shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 31.1% year over year, representing a collective equity gain of over $3.2 … [More]

Quarterly Update on the Construction, Manufacturing, Retail, and Services Industries Released

NFIB

The NFIB Research Center released the quarterly Small Business Economic Trends industry report, highlighting the construction, manufacturing, retail, and services industries. “Small businesses in every industry are facing challenges like the staffing shortages and supply chain disruptions, which is impacting owners’ optimism,” said Holly Wade, Executive Director of … [More]

Consumer Prices Rose at the Fastest Pace since 1982 Last Month

Bureau of Economic Analysis

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.8 percent before seasonal adjustment. The monthly all items seasonally adjusted increase was the result of … [More]

U.S. Weekly Jobless Claims Fall to 52-Year Low

U.S. Department of Labor

In the week ending December 4, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of 43,000 from the previous week's revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week's level was revised up by 5,000 from 222,000 to 227,000. The 4-week moving average was 218,750, a decrease of … [More]

Survey Reveals 83% of Real Estate Industry Seeking Out Homebuilding Technology Solutions

Mosaic

Mosaic Building Group, a construction technology platform for the residential development industry, today announced the results of its quarterly Homebuilding Tech Survey, which measures homebuilding technology usage and sentiment from real estate industry professionals in the southwestern U.S. states of Arizona, California, Colorado, New Mexico, Texas, and Utah. The 600 … [More]

86% of Hotels Say Supply Chain Issues Are Impacting Operations

inbusinessPHX.com

Supply chain disruptions are impacting the operations of more than eight in ten surveyed hotels, and nearly three in four hotel operators say the disruptions are negatively impacting their business revenue, according to a new survey of American Hotel & Lodging Association (AHLA) members. Eighty-six percent of respondents reported that supply chain disruptions were having … [More]

Inflation and Supply Chain Delays May Make Debt Dangerous for U.S. Businesses in 2022 

Resolute

Rising inflation and unpredictable interruptions in the supply chain are expected to eat into the profits of both manufacturers and retailers in 2022, according to the financial turnaround experts at Resolute Commercial Services (Resolute). “Any organization that depends on credit to finance its operations is likely to have difficulty in the coming years,” says Nathaniel … [More]

U.S. Annual Home Price Growth at a Record 18% in October, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2021. U.S. annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of the index. Nonetheless, monthly price growth has slowed from its April … [More]

Homebuilders Are Still Playing Catchup during Construction Boom

Zillow

We are officially in a house-permitting boom and home builder confidence is near an all-time high. A new Zillow® analysis shows how far builders still have to go to fill a 1.35 million new-home construction shortfall caused by a decade of underbuilding. New-home construction in the U.S. reached an important benchmark in February, when more than 1.5 million … [More]

Payroll Employment Rises by 210,000 in November; Unemployment Rate Declines to 4.2%

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. This … [More]

Record Number of Small Business Owners Report Labor Quality as Top Business Problem

NFIB

Small business owners continue to struggle to increase their workforce with 29% of owners reporting labor quality as their top business problem in November, a 48-year record high. Ten percent of owners cited labor costs as their top problem, according to NFIB’s monthly jobs report. “Unfortunately, the tight labor market has not eased for small business owners,” … [More]

Weekly Jobless Claims Less Than Expected, Job Market Is Coming Back

U.S. Department of Labor

In the week ending November 27, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 28,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 199,000 to 194,000. The 4-week moving average was 238,750, a decrease of 12,250 from the previous week's revised average. This is the lowest level for this … [More]

Maricopa County Ranked No. 1 Again for Talent Attraction

Arizona Commerce Authority

At a time when workers are in high demand across the country, Maricopa County’s efforts to attract skilled talent lead the nation, according to a new report. Labor market analyst EMSI ranked the Phoenix region no. 1 in talent attraction, the second year in a row and 4th time in six years. According to the report, Arizona’s largest county saw the highest increase of working age … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events