Entries by Jing Fu

Energy Prices Rose Sharply in March

The Bureau of Labor Statistics (BLS) released the Consumer Price Index for March. On a seasonally adjusted basis, the Consumer Price Index (CPI) rose by 0.4% in March, after a 0.2% increase in February. Excluding the volatile food and energy components...

Monthly Employment Growth Improved in March

Total payroll employment increased by 196,000 in March, while the unemployment rate was unchanged at 3.8%. Residential construction employment increased by 12,200 in March, after the decline of 8,100 jobs in February. The total construction industry (b...

Annual Home Price Growth Slows in January

National home price appreciation continued to slow at the beginning of 2019. Three metro areas in California (San Francisco, Los Angeles and San Diego), Cleveland and Chicago experienced home price declines in January. The Case-Shiller U.S. National Ho...

Consumer Prices Rose in February

Consumer prices rose modestly in February, reflecting increases in energy prices and the food index. The Bureau of Labor Statistics (BLS) released the Consumer Price Index for February. On a seasonally adjusted basis, the Consumer Price Index (CPI) ros...

Job Growth Weakened in February

After a strong gain, monthly growth in payroll employment slowed sharply in February. Total payroll employment increased by 20,000 in February, while the unemployment rate decreased to 3.8%. Residential construction employment decreased by 10,900 in Fe...

Increase in Housing Wealth

Home owners’ equity in real estate improved as home prices continue to increase and mortgage debt expands slowly. Previous analysis of household balance sheets from the 2016 Survey of Consumer Finances (SCF) indicated that the primary residence was the...

Home Price Growth Slows in December

In December, national home price appreciation continued, but at a slower pace than last month. Three metro areas, including San Francisco, Seattle and San Diego, experienced home price declines in December. The Case-Shiller U.S. National Home Price Ind...

U.S. GDP Increases 2.6% in the Fourth Quarter

After a 3.4% rise in the third quarter, the nation’s economy grew at a slower pace in the fourth quarter of 2018. According to the “initial” estimate1 released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an ...

Energy Prices Continue to Fall

The CPI was unchanged in January. The decrease in energy prices in January offset increases in the “core” CPI and the food index. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), was unchanged in January on a seasonally...

Strong Job Growth Continues in January

The U.S. economy entered 2019 with a strong gain in payroll employment. Total employment increased by 304,000 in January, while the unemployment rate edged up to 4.0%, reflecting the impact of the partial government shutdown. Residential construction e...