06/08/2026
This week brought encouraging news on the job market. The Bureau of Labor Statistics reported that the economy added 172,000 jobs in May, roughly double what economists had expected. Other employment reports were similarly positive, with ADP and Revelio Labs both estimating job growth of around 120,000. Together, the data suggests the labor market remained resilient after several months of slower growth.
Job openings also came in well above expectations, rising to 7.6 million in April, though they remain below the highs reached in 2022. At the same time, new unemployment claims stayed relatively low, though the figure may not tell the full story of labor market stress. Some workers who lose jobs may be turning to freelance or gig work instead of applying for unemployment benefits. Meanwhile, continuing unemployment claims remained elevated, suggesting some job seekers are taking longer to find new opportunities. Challenger, Gray & Christmas also reported a modest increase in announced job cuts, with AI-related restructuring cited as the leading reason for layoffs for the third consecutive month.
In housing news, the market continues to show strength. Cotality now forecasts home prices will rise about 5.3% over the next year. That's a good reminder of the long-term wealth-building potential of homeownership. For example, a $500,000 home that appreciates by 5% would gain approximately $25,000 in value over the course of a year.
If you're thinking about buying a home, refinancing, or simply want to discuss your options, I'm here to help. Feel free to reach out anytime.
