July 2020 Jobs Report: 1.763 Million Jobs Recovered in July, 9.3 Million Total Since Coronavirus, 12.9 Million Yet to Go

Following the economic and humanitarian Coronavirus catastrophe, the U.S. hemorrhaged 22.16 million jobs from the February 2020 peak.   Including the 1.763 million jobs recovered in July, 9.729 million jobs have come back, but 12.88 million yet remain.  Other good news in July was the drop in the unemployment rate to 10.2 percent from 11.1 percent …Read more

MSA & Division Job Performance — February to June 2020

The last time normal was observed in economic terms this year was February 2020, prior to the onslaught of Coronavirus.  All markets — Metropolitan Statistical Areas (MSAs) and Divisions —  lost jobs following the surge of virus across the country, and most have recovered some of the lost jobs according to data from the U.S. …Read more

Existing Home Sales June 2020 — Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR).   That descriptor rises to extraordinary when viewing the  year-over-year …Read more