Yesterday this blog talked about state employment levels using fairy tale rhetoric. Today that discussion rachets down the to the Metropolitan Statistical Area (MSA) level. Reiterating from yesterday, imagine if the past 14 months had just been a bad fairy tale rather the most severe global pandemic in more than 100 years. But, that is …Read more
We could only wish the past 14 months had been a bad fairy tale rather the most severe global pandemic in more than 100 years. The U.S. lost 22.4 million jobs in 2020 in just March and April. That equates to 14.7 percent of all jobs, or 1-out-of-every-7. Good news is that the country has …Read more
Incomes and poverty rates vary across the U.S., with some states better off while others struggle. Once again the TINSTAANREM Axiom is invoked — There Is No Such Thing As A National Real Estate Market or economy. Nor is the typical household income similar across states. To present and discuss the disparity of incomes in …Read more
Lofty expectations by economists and government officials called for a strong and robust April jobs report from the U.S. Bureau of Labor Statistics (BLS), including: ADP’s forecast of 772,000 job additions for the month just in the private sector not including renewed government hiring Bloomberg’s survey of economists anticipated 995,000 net new jobs in the …Read more
Jobs are everything to the economy. Period. While the U.S. lost 22.4 million jobs in March and April 2020, they have yet to recoup 8.2 million. Unfortunately, employment numbers are released just once a month based on the Bureau of Labor Statistic’s Payroll or Establishment Survey. That survey asks employers to report employee counts for …Read more
With more than 10,000 people turning 66 years of age every day (full-retirement age for Social Security benefits), retirement remains a growth industry. Unlike many jobs which constrained where people had to reside, retirement opens the entire country (and world) as options. Some states, however, offer better opportunities, demographics, climate, healthcare and cost of living …Read more
Jobs are everything to the economy and the ultimate demand for real estate. While the pandemic saw 22.4 million jobs disappear from February to April 2020, all but 8.4 million of those job numbers have been brought back in one form or another. The recovery, however, is neither uniform nor consistent across the country. The …Read more
The U.S. dropped a record number 22.4 million jobs last March and April at the onset of the pandemic and has yet to recover 8.4 million. Only two states now have more jobs than anytime in history: Idaho and Utah. The data following are from the latest release of employment numbers for all 50-states and …Read more
Gross Domestic Product (GDP) is the value of all the goods and service produced. Along with job numbers, GDP is among the best indicators for economic performance. The U.S. saw the largest decline in GDP in history in Q2 2020 due to the pandemic, plunging 31.4 percent on an inflation-adjusted annualized basis. That was followed …Read more
Jobs continue to be recovered since the plunge seen at the onset of the pandemic in 2020. Though the U.S. recouped another 379,000 jobs in February 2021 nationwide, there still remains 9.47 million yet to be brought back. The recovery rate of jobs, however, differs across the country. Various metrics for 380 of the Metropolitan …Read more