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Latest Home Sales and Residential Lending forecasts
Each month Fannie Mae and the MBA forecast interest rates, residential lending, and both existing and new home sales. Freddie Mac does a quarterly forecast covering lending, interest rates and total...
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Improving State Employment Numbers – May 2020
After plunging in April 2020, state job growth resumed in May with 49 out of 50 states recovering some of the jobs lost since the start of the Coronavirus pandemic. Only Hawaii and the District of...
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Metropolitan Statistical Area & Division Job Gains May 2020 — Only 10% Posted...
Just one in ten (10.0 percent) of the 437 Metropolitan Statistical Areas (MSAs) and Metro Divisions posted a decline in the total number of jobs from April to May 2020 according to data just released...
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College Undergraduate Majors With the Lowest Unemployment Rates
As students head off to college in the months to come – both in person and online digitally – and for those that may need to retool due to permanent unemployment, the major of study selected may have a...
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U.S. Added Back 4.76 Million Jobs in June 2020 – Largest Monthly Job Gains in...
The U.S. job market recovered 4.76 million jobs in June 2020, the largest single monthly gain in jobs in history per the U.S. Bureau of Labor Statistics (BLS). This exceeded the consensus of 3.7...
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Best Paying Jobs Without a College Degree
Not all well-paying jobs require a college degree — just as college is not for everyone. Likewise, many jobs not requiring a college degree are not for all workers. Physically demanding jobs limit...
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College Majors That Pay Off the Least
Some college majors pay off well, but unfortunately not all do. From a financial perspective, some college majors could be categorized as poor investments. While not every student looks at college...
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U.S. Supersector Employment Changes from 1950 to 2020
As an economist, every time I drive through or fly into a new town or city I wander what the people there do to earn a living. That’s why my most frequently used term and descriptor of the economy...
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State Employment Data June 2020 — States That Have The Best and Least Since...
It is hard to grasp that just four months ago (as of the end of February) the U.S. essentially had a normal economy. March bled a little losing 1.48 million jobs and April hemorrhaged as a record high...
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MSA & Division Job Performance — February to June 2020
The last time normal was observed in economic terms this year was February 2020, prior to the onslaught of Coronavirus. All markets — Metropolitan Statistical Areas (MSAs) and Divisions — lost jobs...
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July 2020 Jobs Report: 1.763 Million Jobs Recovered in July, 9.3 Million...
Following the economic and humanitarian Coronavirus catastrophe, the U.S. hemorrhaged 22.16 million jobs from the February 2020 peak. Including the 1.763 million jobs recovered in July, 9.729 million...
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Jobs Most Likely to Be Left Behind by Workers – Pre-Coronavirus
One-out-of-every nine workers (11.4 percent) typically switch occupations, leave the workforce, get fired or retire each year – and that was before the Coronavirus. When you consider the U.S. had more...
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Another Top-10 (Percent) List — Best (and Worst) Cities for 1st-Time Homebuyers
The home remains the largest store of wealth for most households. Homebuying is a complicated process – particularly for unfamiliar first-time buyers. Still, first-time homebuyers represented...
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State Job Recovery Rates as of July 2020 — Not Yet There
Ordinarily the key metrics focused on each month when analyzing employment data are the percent change in the total number of jobs in the prior 12-months and perhaps in the past one-month. In the...
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Job Gains and Losses In the Pandemic February Through July 2020 — by MSA
This monthly analysis of jobs differs from previous versions that included both Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions (which are subsets of the MSAs). Only the MSA level...
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U.S. Recaptures Another 1.37 Million Jobs in August, 2020 — Unemployment...
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...
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Green Shoots After The Wildfire — August 2020 Metropolitan Statistical Area...
Jobs are everything to an economy. Period. Ordinarily when analyzing the monthly employment statistics, the focus is on growth from the prior month and in the past 12-months. That all changed in the...
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Economic Recovery Slides to 661,000 Jobs Brought Back in September 2020, with...
Prior to the 2020 pandemic, a one-month job gain of more than 660,000 jobs had only ever happened once in the history of the United States. Following the recession and combined with the tax cuts under...
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Booming Sales and Minimal Inventory — Existing Home Sales September 2020
Existing home sales exploded up a massive 20.9 percent to 6.54 million in September 2020 based on seasonally adjusted annualized sales (SAAR) vs one year ago as reported by the National Association of...
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State (and D.C.) Jobs Box Score – September 2020
The U.S. continues to recapture jobs lost at the onset of the pandemic in March and April, but that recovery is slowing and unequal across the geographic landscape. Seasonally adjusted job numbers by...
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