Tag Archives: Unemployment

U.S. Job Growth Came in at a Minuscule 0.03 Percent in January 2021 — Unemployment Dropped to 6.3 Percent from 6.7 Percent

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

Tough Jobs Report — December 2020

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

U.S. Recaptures Another 1.37 Million Jobs in August, 2020 — Unemployment Drops from 10.2% In July to 8.4% in August

The Bureau of Labor Statistics (BLS) reported today the U.S. recaptured another 1.37 million jobs in August 2020, nicely above the 1.2 million consensus from economists polled by MarketWatch.  The unemployment rate fell significantly from 10.2 percent in July to a preliminary 8.4 percent, better than even the year-end expectation by the Federal Reserve. U.S. …Read more

Coronavirus-Driven Job Apocalypse by State — April 2020

Jobs are everything to the economy.  Period.  The never-before-seen shut down of the U.S. economy has resulted in the greatest number of unemployed people in the history of the country.   Prior to 2020, the most people in history that applied for unemployment benefits in a seven day period was 695,000 (October 1982).   Since mid-March,  weekly …Read more