Tag Archives: The Economy

One Step Forward, Two Steps Back — Retail Sales December 2020

Retail sales typically make up 70 percent of GDP and thus are the core of the US. economy.  On a seasonally adjusted basis, retail sales dipped 0.7 percent sequentially from November, making it the third consecutive monthly decline as the pandemic increased intensity.  On a year-over-year basis, however, sales were up 1.6 percent – after …Read more

MSA Job Metrics – November 2020

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

State Job Growth & Loss Rates – November 2020

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

MSA Employment Metrics – October 2020

Jobs are everything to the economy.  Period. The latest summary metrics of employment as of October 2020 as reported by the U.S. Bureau of Labor Statistics (BLS) are included in the following tables.   Included are 380 Metropolitan Statistical Areas (MSAs) having monthly data and are based on seasonally adjusted employment numbers  allowing an apples-to-apples comparison …Read more

U.S. Retail Sales October 2020

Total retail sales are now once again strong, just like a faucet running at full flow.  Depending on the type of goods being sold, however, the  temperature of sales ranges from hot to cold. Total real (inflation adjusted) retail and food service sales were up 4.4 percent in October 2020 versus one-year ago, as shown …Read more

State Employment October 2020 — Still coming Back

Jobs are everything to the economy.  Period. The U.S. lost 22+ million jobs from February (pre-pandemic) to the trough, which was April for the country as a whole.  Good news is jobs are continuing to come back.   Bad news is there are still 10 million jobs missing as of October compared to February of this …Read more

Pandemic Job Recovery Progresses — 12 million Recaptured of the 22.2 million Lost, Unemployment Rate Sinks to 6.9% October 2020

The economy continues to claw back from the economic punch of the pandemic, with 638,000 jobs recaptured in October on a seasonally adjusted basis as reported by the U.S. Bureau of Labor Statistics (BLS).   There still remains 10.1 million jobs yet to be brought back out of the 22.2 million lost from February 2020 (pre-pandemic) …Read more