Tag Archives: The Economy

Coronavirus-Driven Job Apocalypse by State — April 2020

Jobs are everything to the economy.  Period.  The never-before-seen shut down of the U.S. economy has resulted in the greatest number of unemployed people in the history of the country.   Prior to 2020, the most people in history that applied for unemployment benefits in a seven day period was 695,000 (October 1982).   Since mid-March,  weekly …Read more

How the Typical U.S. Household Spends Monthly

The typical U.S. household had pre-tax earnings of $78,635 with $67,241 after-tax income in 2018 as reported by the U.S. Bureau of Labor Statistics (BLS).  The BLS tracks not only employment and income, but also how the typical household spends that money.   With an average 2018 monthly spend of $5,201 per household and an average …Read more

State & US Population Growth 2019

The U.S. Census Bureau just released their estimates for changes in state population for 2019.   While population alone does not guarantee economic growth, population and economic growth are positively correlated. Percentage population growth rates for the periods from  July 1, 2018 to July 1, 2019 and from July 1 2010 to July 1, 2019, sorted …Read more

MSA & Division Job Growth Rates – November 2019

Jobs are everything.  Period. As history continues to demonstrate, job growth at any point in time is neither systemic nor consistent across the country.  The TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market – is once again invoked to comparative job growth for the Metropolitan Statistical Areas (MSAs) and …Read more