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
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
The U.S. continued recouping jobs lost a year ago at the onset of the pandemic, with 30 states posting jobs gains from January to February 2021 on a seasonally adjusted basis based on data from the U.S. Bureau of Labor Statistics. Six states posted no change in jobs from January to February while 14 states …Read more
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
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
This monthly analysis of jobs differs from previous versions that included both Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions (which are subsets of the MSAs). Only the MSA level data are included in this blog. Data are based on seasonally adjusted monthly employment from the Bureau of Labor Statistics (BLS). Jobs peaked in the U.S. …Read more
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
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