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
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
The U.S. brought back another 379,000 jobs in February 2021, but still has yet to recover 9.46 million of the 22.46 million jobs lost in March and April of last year at the onset of the pandemic according to the Bureau of Labor Statistics (BLS). The unemployment rate slipped slightly from 6.3 percent in the …Read more
The U.S. added a miniscule 49,000 net new jobs in January 2021 (0.03 percent gain from December 2020) based on seasonally adjusted data reported by the Bureau of Labor Statistics (BLS). The previously reported December 2020 loss of 140,000 jobs was restated to a loss of 227,000. The unemployment rate dropped from 6.7 percent in …Read more
Sixteen of the 380 Metropolitan Statistical Areas (MSAs) ended 2020 with more jobs than they started with and one other broke even according to data from the U.S. Bureau of Labor Statistics using seasonally adjusted data. The 40 MSAs with the best performance (and fewest losses) are shown in the first table. The second table …Read more
After a pandemic-driven hemorrhage of 22.16 million jobs in March and April last year, the arduous task of rebuilding jobs commenced. Good news is that two states, Idaho and Utah, now have more jobs (as of the end of December 2020) than ever before according to the U.S. Bureau of Labor Statistics (BLS). All data …Read more
In the list of uncertainties ranging from new tax rates and laws to the yet-to-be-known stimulus that will be passed by congress, add to that where home sales, median prices and lending volumes are heading. Once again, Fannie Mae and the MBA agreed to disagree in their respective monthly forecasts in January 2021. Existing Home …Read more
Jobs are everything to the economy and ultimately to the demand for real estate. Following the pandemic plunge when 22+ million jobs were lost in March and April, the U.S. followed with seven consecutive months of job gains recouping 12.3 million (55.6 percent) of the lost jobs. Until now. December saw an estimated 140,000 net …Read more
Jobs are everything to the economy and to the ultimate demand for real estate. Period. U.S. job numbers have been on a wild roller coaster ride since the pandemic, with the country still shy 9.8 million jobs when compared to February of this year. The loss and recovery rates of jobs have not been uniform …Read more
More than 60 percent of the states and the District of Columbia (32 out of the 51 total) added jobs from October to November based on seasonally adjusted job numbers as reported by the U.S. Bureau of Labor Statistics (BLS). The first table shows the percentage change, ranked from best to worst. While Hawaii posted …Read more