CoreLogic, a leading provider of data analytics, reported today that home prices, including distressed sales, jumped 7% from February 2016 to February 2017 due in part to high demand and limited supply across most local markets. Month over month, prices rose 1% percent. Looking ahead, prices are expected to rise 4.7% from February 2017 to February 2018.
Small business hiring edged lower in March after gains in the past three months, reports human resources solution firm Paychex. The Paychex Small Business Jobs Index fell by a modest 0.05% in March from February, while year-over-year small business growth was almost unchanged. “This month’s jobs index once again reflects consistent small business job growth, far above pre-recession levels,” said Martin Mucci, Paychex president and CEO.
The closely watched Jobs Report will be released on Friday for the month of March as market participants as well as the Federal Reserve members await the numbers. It is expected that U.S. employers added 180,000 new workers last month. At the present time in the U.S., job growth has been strong across most sectors of the economy, while first-time jobless claims are at lows not seen since the early 1970s.
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