Strong employment rates aren’t enough to offset the rise in housing prices

This month's report pushed April and May's readings up by 47,000 jobs, something National Association of Realtors (NAR) Managing Director of Housing Research Danielle Hale says is a signal that the "apparent weakness" of the last months of spring was a "blip" due, in part, to late data reporting. Although the unemployment rate rose slightly in June by 0.1 percentage points to 4.4 percent, Hale says she isn't particularly concerned because of the increase in the labor force and the strength of other labor market health measurements ...