There were several aspects of the new jobs report that real estate agents should be aware of.
The government released its latest jobs report earlier today, and as with past reports, there was a subtle mixture of highly positive and slightly discomforting news in regards to the economy.
So with an eye on how labor trends could impact housing, here are the five details from the report that we think you should know:
1. 200,000 Club – Non-farm payrolls grew by a seasonally adjusted rate of 295,000 jobs in February; with that increase, the economy has added more than 200,000 jobs for 12 straight months, the best streak in 20 years.
2. Unemployment Drops – Further good news came on the employment front, with the unemployment rate dropping from 5.7 percent in January to 5.5 percent last month; though greater hiring trends are certainly to thank for that lower rate, there’s an implicit, unsettling dimension as well, one we’ll address in our next point.
3. Participation Rate Also Drops – Unemployment may have fallen, but so did the labor-force participation rate, which declined from 62.9 to 62.8 percent in February; that’s the lowest level of participation since the late ’70s, and it suggests that more and more Americans are giving up on looking for work – and we should mention that “discouraged workers,” as they’re called, are not included in the official unemployment rate, which is reserved for people who are actively looking for work.
4. Youth Employment Improves – One positive development, though, has been the rising ranks of employment among young adults. From 2009 to 2012, the employment rate for Millennials had been roughly 4 percentage points below normal, but it has been steadily increasing now the last few months and, at 76.8 percent, is now at its highest level in six years. Millennials represent the next source of housing demand, so such trends are only positive for housing.
5. Wages Remain Low – Even with the employment situation improving, though, wages showed no signs of progressing last month. True, they were up 2 percent from a year ago, but that’s actually worse than January’s 2.2 percent increase, and represents a mere three-cent rise month-to-month. So basically, wages are still not rising anywhere near the rate of inflation, and until we see robust wage growth, it’s unlikely that all those additional jobs will translate into more home sales.
I simply want to say I am just beginner to weblog and really liked this web blog. Most likely I’m want to bookmark your site . You definitely come with perfect article content. Thank you for revealing your website page.
Pretty nice post. I just stumbled upon your blog and wished to say that I have truly enjoyed browsing your blog posts. After all I will be subscribing to your feed and I hope you write again soon!
Pretty! This has been an incredibly wonderful post. Many thanks for providing this info.|
Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and aid others like you helped me.
I definitely wanted to construct a remark in order to appreciate you for all the nice solutions you are giving out on this site. My extensive internet investigation has finally been honored with awesome knowledge to exchange with my friends and classmates. I ‘d state that that most of us readers are very fortunate to exist in a fabulous website with very many special professionals with valuable methods. I feel very much fortunate to have come across the website and look forward to so many more exciting moments reading here. Thank you again for a lot of things.
Hey there. I discovered your blog via Google even as searching for a comparable subject, your site came up. It appears great. I have bookmarked it in my google bookmarks to come back then.
Nice blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog stand out. Please let me know where you got your design. Bless you
Hello there. I discovered your web site by means of Google even as searching for a related matter, your website came up. It seems to be good. I’ve bookmarked it in my google bookmarks to visit then.
Awesome post. I am a normal visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a long time.
Hi there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I’ll appreciate if you continue this in future. Numerous people will be benefited from your writing. Cheers!
Awesome write-up. I am a normal visitor of your website and appreciate you taking the time to maintain the nice site. I’ll be a regular visitor for a really long time.
Great post. I was checking continuously this blog and I am impressed! Extremely useful information specifically the last part 🙂 I care for such information much. I was looking for this certain info for a long time. Thank you and best of luck.
Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossip and net stuff and this is really irritating. A good web site with interesting content, this is what I need. Thank you for making this website, and I’ll be visiting again. Do you do newsletters by email?
hello there and thank you for your information – I’ve definitely picked up something new from right here. I did however expertise some technical points using this web site, since I experienced to reload the website many times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your quality score if ads and marketing with Adwords. Well I am adding this RSS to my email and could look out for much more of your respective exciting content. Make sure you update this again very soon..
Awesome post. I am a normal visitor of your web site and appreciate you taking the time to maintain the excellent site. I’ll be a frequent visitor for a long time.
Lovely blog! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also
You really make it seem really easy with your presentation however I in finding this topic to be really something that I feel I might by no means understand. It sort of feels too complex and very wide for me. I’m having a look forward in your subsequent post, I will attempt to get the hold of it!
I precisely wanted to appreciate you again. I am not sure the things that I could possibly have sorted out in the absence of the tricks provided by you on that field. It had become a real frightening case in my circumstances, nevertheless looking at the very professional fashion you processed that made me to jump with delight. Now i am happier for this service as well as expect you find out what an amazing job you happen to be accomplishing training many people with the aid of your website. More than likely you have never met all of us.
Hello there, I discovered your web site by the use of Google even as looking for a similar matter, your site came up, it appears to be like great. I have bookmarked it in my google bookmarks.
I have to show my love for your kind-heartedness supporting men and women that really want assistance with in this area of interest. Your personal dedication to passing the solution all through came to be really advantageous and has really enabled employees just like me to realize their dreams. Your important useful information means so much a person like me and even further to my mates. Thanks a lot; from everyone of us.
Hello There. I found your blog using msn. This is a really well written article. I’ll make sure to bookmark it and come back to read more of your useful info. Thanks for the post. I will definitely comeback.
I have been reading out a few of your stories and it’s pretty nice stuff. I will surely bookmark your website.
Simply wish to say your article is as astounding. The clearness in your post is simply excellent and i could assume you are an expert on this subject. Fine with your permission let me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please carry on the rewarding work.
I don’t even know how I ended up here, but I thought this post was great. I don’t know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!
Good write-up, I¡¦m normal visitor of one¡¦s blog, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
I have been absent for a while, but now I remember why I used to love this website. Thanks , I¡¦ll try and check back more often. How frequently you update your site?
Excellent post. I was checking constantly this blog and I am impressed! Very useful information specially the last part 🙂 I care for such info much. I was looking for this certain information for a long time. Thank you and good luck.
Generally I do not learn post on blogs, however I wish to say that this write-up very pressured me to take a look at and do so! Your writing style has been surprised me. Thank you, very nice post.
Excellent read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch because I found it for him smile Thus let me rephrase that: Thank you for lunch!
whoah this weblog is great i love studying your articles. Keep up the good work! You already know, lots of individuals are looking round for this information, you can aid them greatly.
Keep working ,great job!
Thank you for another informative site. The place else may just I am getting that kind of information written in such an ideal method? I’ve a mission that I am simply now working on, and I have been on the look out for such info.
Thanks for sharing superb informations. Your website is very cool. I am impressed by the details that you have on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the info I already searched everywhere and just could not come across. What a perfect web site.
I’m still learning from you, but I’m making my way to the top as well. I absolutely liked reading everything that is posted on your blog.Keep the aarticles coming. I enjoyed it!
Wow, superb blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your website is wonderful, let alone the content!
You can certainly see your expertise in the work you write. The arena hopes for even more passionate writers such as you who aren’t afraid to say how they believe. Always follow your heart.
A lot of thanks for your whole hard work on this web page. Debby really loves making time for research and it’s simple to grasp why. Most people notice all of the powerful form you give both interesting and useful solutions via this website and attract response from visitors on the matter then our girl is in fact discovering a lot. Enjoy the remaining portion of the year. You’re doing a very good job.
Great ¡V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task..
I really appreciate this post. I¡¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again
It is appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I want to suggest you some interesting things or suggestions. Maybe you could write next articles referring to this article. I want to read even more things about it!
Good write-up, I am regular visitor of one¡¦s website, maintain up the nice operate, and It is going to be a regular visitor for a long time.
I savor, cause I found just what I was looking for. You’ve ended my four day lengthy hunt! God Bless you man. Have a great day. Bye
I am constantly invstigating online for articles that can aid me. Thank you!
Hello there. I found your blog by the use of Google while searching for a similar topic, your web site came up. It appears great. I’ve bookmarked it in my google bookmarks to visit then.
I simply had to thank you very much once more. I do not know what I could possibly have carried out without the suggestions discussed by you directly on my industry. It truly was the challenging setting in my circumstances, nevertheless witnessing the expert mode you solved the issue took me to weep with contentment. I am happy for this help and thus trust you realize what an amazing job you’re doing teaching some other people by way of your blog. Probably you’ve never encountered all of us.
Magnificent goods from you, man. I have understand your stuff previous to and you’re just too fantastic. I really like what you have acquired here, certainly like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it sensible. I cant wait to read much more from you. This is actually a wonderful site.
I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I¡¦ve incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
Hey There. I found your blog using msn. This is a very well written article. I’ll be sure to bookmark it and come back to read more of your useful info. Thanks for the post. I’ll certainly comeback.
I think this is among the most significant information for me. And i’m glad reading your article. But want to remark on few general things, The site style is wonderful, the articles is really excellent : D. Good job, cheers
I wanted to write you the very small observation to be able to give many thanks again over the splendid tactics you have featured above. It has been quite unbelievably open-handed with you to grant without restraint precisely what a lot of people might have marketed for an ebook in order to make some profit for their own end, precisely given that you could have tried it in the event you considered necessary. These secrets also served as the great way to fully grasp other people online have a similar passion much like my own to find out much more pertaining to this issue. I know there are some more pleasant moments in the future for folks who start reading your website.
Awesome write-up. I am a normal visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a really long time.
Terrific work! This is the type of information that should be shared across the net. Shame on Google for now not positioning this post upper! Come on over and talk over with my web site . Thank you =)
My brother recommended I might like this blog. He was entirely right. This post truly made my day. You cann’t imagine simply how much time I had spent for this info! Thanks!
that’s good, thanks for sharing,.. I think this is great blog
As I web site possessor I believe the content matter here is rattling fantastic , appreciate it for your efforts. You should keep it up forever! Best of luck.
Hello there. I discovered your blog by the use of Google even as searching for a comparable subject, your website got here up. It appears to be good. I have bookmarked it in my google bookmarks to come back then.
Thank you for another great article. Where else could anyone get that type of information in such a perfect manner of writing? I have a presentation subsequent week, and I am on the look for such info.
naturally like your web-site but you need to check the spelling on several of your posts. Several of them are rife with spelling issues and I find it very bothersome to tell the truth then again I¡¦ll surely come again again.
that’s good, thanks for sharing,.. I think this is great blog
Hey there. I discovered your site by way of Google whilst searching for a similar matter, your web site got here up. It appears to be good. I have bookmarked it in my google bookmarks to visit then.
Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish only about gossip and net stuff and this is actually irritating. A good web site with interesting content, that’s what I need. Thanks for making this web-site, and I’ll be visiting again. Do you do newsletters by email?
Usually I do not learn post on blogs, but I would like to say that this write-up very pressured me to take a look at and do it! Your writing taste has been amazed me. Thank you, very nice post.
Hi, Neat post. There is a problem with your site in internet explorer, may test this¡K IE still is the marketplace leader and a big section of other people will miss your great writing due to this problem.
I’m very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this best doc.
It is actually a nice and helpful piece of information. I¡¦m satisfied that you just shared this useful information with us. Please keep us informed like this. Thanks for sharing.
Normally I do not learn article on blogs, however I wish to say that this write-up very compelled me to check out and do it! Your writing taste has been amazed me. Thank you, very nice article.
Awesome post. I’m a normal visitor of your site and appreciate you taking the time to maintain the excellent site. I’ll be a regular visitor for a really long time.
that’s good, thanks for sharing,.. I think this is great blog
I have learn several excellent stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to make any such fantastic informative web site.
that’s good, thanks for sharing,.. I think this is great blog
Somebody essentially assist to make critically articles I’d state. This is the very first time I frequented your website page and so far? I amazed with the research you made to create this particular put up amazing. Wonderful job!
that’s good, thanks for sharing,.. I think this is great blog
that’s good, thanks for sharing,.. I think this is great blog
I have been checking out some of your stories and it’s pretty good stuff. I will definitely bookmark your website.
that’s good, thanks for sharing,.. I think this is great blog
that’s good, thanks for sharing,.. I think this is great blog