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
Jobs are everything. Period. Ongoing good news is that job growth continues to look up. The U.S. added 213,000 net new jobs (preliminary) in June 2018. The unemployment rate edged up from 3.8 percent in May to 4.0 percent as 204,000 added reentrants came back to the job market. Reentrants are people that previously worked …Read more
Jobs are everything to an economy. Period. My favorite economic axiom! The ultimate demand for real estate is driven by people with money in their pockets – hence the focus on jobs. The demand for almost all real estate is local in nature (forgoing natural resources and geographic factors). Where robust job growth is found, …Read more
New single family residential (SFR) home sales of 689,000 on seasonally adjusted annualized rate (SAAR) were up 14.1 percent versus a year ago and 6.7 percent sequentially from April. Other than the 712,000 SAAR rate posted in November 2017, this is the greatest level seen since October 2007. Year-to-date new home sales are up 8.8 …Read more
Jobs are everything. Period. Good news is that things are looking up. The U.S. added 223,000 net new jobs (preliminary) in May 2018, the best May gain since 2015. The unemployment rate dropped to 3.8 percent, a level last seen in April 2000 and matches a 50-year low. In the latest 12-months, the U.S. added …Read more
Jobs are everything to the economy – period. The following table shows the percent change in jobs for each state and the District of Columbia for the 12-months ending April 2018. The analysis is based on seasonally adjusted data as provided by the Bureau of Labor Statistics. Only two states continued to post a loss …Read more