Q3 2020 Commercial Real Estate Cycles – Dr Glenn Mueller

This roller-coaster pandemic-altered economy is generating a smoke screen on the underlying fundamentals of the commercial real estate market.  While Jobs are everything to an economy, the U.S. is still short from where it was in February of this year.   While the housing market has boomed (since we have so much time at home), the …Read more

State Employment October 2020 — Still coming Back

Jobs are everything to the economy.  Period. The U.S. lost 22+ million jobs from February (pre-pandemic) to the trough, which was April for the country as a whole.  Good news is jobs are continuing to come back.   Bad news is there are still 10 million jobs missing as of October compared to February of this …Read more

Pandemic Job Recovery Progresses — 12 million Recaptured of the 22.2 million Lost, Unemployment Rate Sinks to 6.9% October 2020

The economy continues to claw back from the economic punch of the pandemic, with 638,000 jobs recaptured in October on a seasonally adjusted basis as reported by the U.S. Bureau of Labor Statistics (BLS).   There still remains 10.1 million jobs yet to be brought back out of the 22.2 million lost from February 2020 (pre-pandemic) …Read more

MSA Jobs Box Score – September 2020

A normal jobs report would look at 1-month and 12-month changes jobs and call it a day.   In the pandemic landscape of today, however, the focus is on how many jobs were lost initially and how well the recovery is going.  The underlying data are reported monthly by the U.S. Bureau of Labor Statistics (BLS), …Read more

State (and D.C.) Jobs Box Score – September 2020

The U.S. continues to recapture jobs lost at the onset of the pandemic in March and April, but that recovery is slowing and unequal across the geographic landscape.   Seasonally adjusted job numbers by state, as reported monthly by the Bureau of Labor Statistics (BLS), found that 40 states added jobs from August to September, 10 …Read more