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March job growth slows, but there is a silver lining

Executive SummaryFollowing a strong start to 2017, with an average of 217,000 jobs added in the first two months, the U.S. Department of Labor reported that March job growth slowed to 98,000. The slowdown is largely attributed to milder weather conditions in the first two months of the year,...

Posted 10 months ago
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February Sales Activity in Los Angeles Promises a Solid Start to the 2017 Homebuying Season

Executive Summary: February Los Angeles County home sales posted a 2 percent increase from last year, with the largest gains in San Gabriel/Foothills (up 14 percent), Central L.A. and the Santa Monica Mountains (up 7 percent), and Harbor (up 6 percent). The overall home sales increase is...

Posted 10 months ago
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The Fed is sizing up the economy: all quiet on the Western Front

Following the Federal Open Market Committee’s (FOMC) two-day meeting this week, Chairperson Janet Yellen announced the decision to continue gradually raising interest rates, with another 25 basis-point increase to a target rate between 0.75 percent and 1.00 percent. This was a second increase in...

Posted 10 months ago
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Strong January U.S. Job Gains Continue Expectations for Sustained Economic Growth

Executive Summary: Today’s U.S. Department of Labor report on nonfarm job growth indicates an increase of 227,000 in January. The gain was relatively strong and continues the longest streak of overall job growth on record. Job gains were broad across a number of sectors, including...

Posted 12 months ago