Tag Archives: Employment

U.S. Recaptures Another 1.37 Million Jobs in August, 2020 — Unemployment Drops from 10.2% In July to 8.4% in August

The Bureau of Labor Statistics (BLS) reported today the U.S. recaptured another 1.37 million jobs in August 2020, nicely above the 1.2 million consensus from economists polled by MarketWatch.  The unemployment rate fell significantly from 10.2 percent in July to a preliminary 8.4 percent, better than even the year-end expectation by the Federal Reserve. U.S. …Read more

Another Top-10 (Percent) List — Best (and Worst) Cities for 1st-Time Homebuyers

The home remains the largest store of wealth for most households.  Homebuying is a complicated process – particularly for unfamiliar first-time buyers.  Still, first-time homebuyers represented one-in-three of all home sales (33 percent) according to the National Association of Realtor’s latest Annual Profile of Home Buyers and Sellers. Some cities offer better opportunities than others …Read more

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