Just like a recipe in the kitchen, adding jobs, mixing in wage increases while monitoring inflation gives a pretty good idea of the end results. Jobs are everything to an economy. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy. The …Read more
Job growth at the state level churned along with only one state, Rhode Island, posting a decline, dropping a minimal 0.20 percent in the 12-months ending March 2019. The table below shows all 50 states plus the District of Columbia. Respective ranks of job growth among the 50 states and the District of Columbia as …Read more
The business of selling houses is not a small-change enterprise. Total existing home sales in 2018 tallied 5.34 million single family houses, condominiums and townhouses that sold at an average $298,200 each, tallying to $1.592 trillion. Add in the 617,000 new home sales at an average $385,000 per dwelling ($237.5 billion) and total dollar volume …Read more
When it comes to economic performance, there is no better measure than the creation of net-new jobs. Jobs are everything to an economy. Period. Job growth, however, is not systemic across the country by state, Metropolitan Statistical Area (MSA) or Division. Just like states, variability in job growth exists across all MSAs and Divisions at …Read more
Jobs are everything to an economy. Period. Job growth, however, is not systemic across the country by state. Variability in job growth exists across all states at any point in time and also within the same state over a time period. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing …Read more
The U.S. added an impressive 250,000 net new jobs in October 2018 (preliminary), with 1.488 million net new jobs year-to-date compared to 1,464 million a year ago for the same period – an increase of 1.61 percent. The total gain in the prior 12-months of 2.516 million represented a 1.71 percent annual job growth rate …Read more
Technology continues to be a market-leading growth industry, attracting the best of the best workers given potential financial rewards. Some of the major technology hubs, however, rank among the most expensive places to live. Those cities costs often overwhelm even the higher tech incomes. While San Francisco and San Jose were the original tech meccas …Read more
The U.S. population is always in flux from people moving to new destinations. According to a study of U.S. Census Bureau data, each year: 2 percent of people in the U.S. move to a different county 3 percent relocate to a different state Those in college and career bound move more often Millennials move almost …Read more
For most people, what they majored in at college impacts their earning capacity — lifelong. No doubt college graduates typically (but not always) make more than non-degreed individuals. The median annual wage among jobs that require a college degree earn $65,000 compared to $37,690 across all jobs. As usual I invoke the TINSTAANREM axiom — …Read more
Jobs are everything to an economy. Period. Job growth, however, is not systemic across the country by state. Variability in state job growth is akin to the movie The Good, The Bad and the Ugly. Some states are excelling, others just average, and a few ugly. As usual, I invoke the TINSTAANREM axiom — There …Read more