U.S. Supersector Employment Changes from 1950 to 2020

As an economist, every time I drive through or fly into a new town or city I wander what the people there do to earn a living.   That’s why my most frequently used term and descriptor of the economy is, “Jobs are everything.  Period.  It’s all about jobs.” The numbers and types of jobs Americans …Read more

College Majors That Pay Off the Least

Some college majors pay off well, but unfortunately not all do.   From a financial perspective, some college majors could be categorized as poor investments.  While not every student looks at college from a return-on-investment point-of-view, they should at least be informed as to the likely expectation of income following graduation.  The college major itself does …Read more

Best Paying Jobs Without a College Degree

Not all well-paying jobs require a college degree — just as college is not for everyone.  Likewise, many jobs not requiring a college degree are not for all workers.  Physically demanding jobs limit some, as do higher-risk occupations.  Even though a job may not require a college degree, it is not uncommon to see people …Read more

Residential Mortgage Rates Hit All-Time Record Lows

Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS) hit an all-time record low for 30-year, conventional, fixed-rate residential mortgage loans, sinking to 3.07 percent for the week of July 3rd, 2020, down from 3.75 percent one-year ago.   That would have reduced the month principal and interest payment on a $200,000 loan from $926.24 (3.75 percent) …Read more

Existing Single Family Home Sales Median Prices Q1 2020

Each quarter the National of Association of Realtors® (NAR) reports quarterly median prices for single family home sales and condominiums for almost 200 Metropolitan Statistical Areas (MSAs).  The following analysis is based on the current and prior reports from NAR on median prices of existing single family home sales. The first table below shows the …Read more