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
Each and every Metropolitan Statistical Area (MSA) and Division lost jobs in April 2020 from the month prior as the economic shutdown due to the Coronavirus dramatically slowed the U.S. economy based on analysis of the latest data from the U.S. Bureau of Labor Statistics (BLS). The level of job losses, however, varied widely, ranging …Read more
The statement, “Jobs are everything to an economy – Period,” is my top axiom regarding the economy. Jobs drive the ultimate demand for all types of real estate since they are essential to effective purchasing power. An estimated 145,000 net new jobs were created in December 2019 (preliminary) as reported by the U.S. Bureau of …Read more
The U.S. added 130,000 net new jobs in August 2019 on a seasonally adjusted basis (preliminary) averaging 172,800 new jobs monthly in the prior 12-months and 158,000 per month year-to-date. The unemployment rate remained unchanged at 3.7 percent – hovering near a five-decade low. Total U.S. employment is shown in the graph. The unemployment rate …Read more
The economy added 164,000 net new jobs in July 2019 (preliminary) short of the expectation of 171,000 new jobs by economists polled by MarketWatch. Job growth was at 1.51 percent compared to the 40-year compound annual growth rate of 1.43. The unemployment rate was unchanged from June at 3.7 percent. The following graph shows the …Read more
An impressive 313,000 net new jobs were created in February 2018, the largest increase posted since July 2016. This exceeded the consensus estimate by 41 percent among economists polled by MarketWatch. The net gain in jobs totaled 2.281 million in the prior 12-months at an average 190,100 per month. Total net job gains in the …Read more
The peak summer travel season is upon us. With the Travel and Leisure segment making up almost one out of every nine jobs, marketing to those using these services is BIG business. See the July 4th blog titled The Leisure and Hospitality Segment — More than 1 Out of Every 10 Jobs in the US …Read more