Census Bureau: 2016 County Business Patterns Shows Overall Growth in Employment
Construction led all sections in the largest rate of employment growth with an increase of 5.0 percent from 2015 to 2016, according to new U.S. Census Bureau economic statistics released today. Overall, construction employment grew from 6.0 million in 2015 to 6.3 million in 2016. In addition, annual payroll in Construction (NAICS 23) grew 6.5…
HUD and Census Bureau: Residential Construction Activity Report for March 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for March 2018. Building Permits Privately owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent (±1.4 percent) above the revised…
FDIC: Use of Technology in the Business of Banking Forum Scheduled for May 7th
The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging technologies that are transforming banking operations; the impact of emerging technologies on retail banking, including new and innovative delivery channels, enhanced customer experiences, and economic…
Census Bureau: Economic Census Instructions Will Be Mailed to 3.7 Million Businesses Soon
The U.S. Census Bureau will mail out instructions for filing out the 2017 Economic Census to businesses nationwide in early May. Approximately 3.7 million U.S. businesses nationwide, including those in U.S. territories, will receive information by mail with instructions to set up an account to complete their economic census online. The deadline for response is…
CFPB: Request Issued for Information on Consumer Financial Education
The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on consumer financial education. The Bureau is seeking comments and information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of its consumer financial education programs. This includes the Bureau’s delivery of financial education through online tools,…
ABA: Consumer Delinquencies Fall for First Time Since 2012
Installment loan delinquencies fall across the country during fourth quarter 2017 The fourth quarter of 2017 saw a broad-based decline in delinquencies, with delinquencies in closed-end loans (like personal or auto loans) falling across the board and bank card delinquencies declining significantly, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell…
ABA: Farm Bank Report Shows Ag Lending Up 6 Percent in 2017
Strong performance, asset quality and capital levels in 2017 U.S farm banks increased agricultural lending by nearly 6 percent, or $5.9 billion, to $106 billion in 2017, according to the American Bankers Association’s annual Farm Bank Performance Report. Asset quality remained healthy at the nation’s 1,847 farm banks as non-performing loans fell to a pre-recession…
Census Bureau: 2020 Census Planned Questions Submitted to Congress
Today the U.S. Census Bureau delivered its planned questions for the 2020 Census to Congress, which include age, sex, Hispanic origin, race, relationship, homeownership status, and citizenship status. By law, the Census Bureau must deliver decennial census questions to Congress two years before Census Day, with the next one occurring April 1, 2020. “The goal…
FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Programs
The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer (CRT) transactions through the fourth quarter of 2017. The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the…