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
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
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
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