“In 2020, the economy shed a net 9.37 million jobs, exceeding the 5.05 million jobs lost in 2009, in the aftermath of the global financial crisis. Hardest hit last year were hotels, restaurants and related industries, driving up unemployment among minorities, the young and less educated workers—groups already disproportionately hit by the economic effects ofContinue reading “Depth and Duration of the Recession – December 2020”
The homeownership rate of 67.4% was higher than the rate in third quarter 2019 (64.8%) and not statistically different from the rate in second quarter 2020 (67.9%). Data collection operations were affected by the COVID-19 pandemic, as in-person interviews were only allowed for portions of the sample. The extent to which data collection changes affectedContinue reading “Homeownership Rate Q3 2020”
Phoenix, Seattle and San Diego reported the highest year-over-year gains among the 19 cities (excluding Detroit) in August. Phoenix led the way with a 9.9% year-over-year price increase, followed by Seattle with an 8.5% increase and San Diego with a 7.6% increase. All 19 cities reported higher price increases in the year ending August 2020Continue reading “S&P CoreLogic Case-Shiller Home Price Index August 2020”
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,553,000. This is 5.2% above the revised August rate of 1,476,000 and is 8.1% above the September 2019 rate of 1,437,000. Single-family authorizations in September were at a rate of 1,119,000; this is 7.8% above the revised AugustContinue reading “Residential Construction – Housing Permits, Starts, Completions | September 2020”
“The number of available positions slipped to 6.49 million during the month from an upwardly revised 6.7 million in July. A Bloomberg survey of economists called for a decrease to 6.5 million. Separations, which include layoffs and quits, dipped to 4.59 million in August, reflecting decreases in the number of job cuts as well asContinue reading “Job Openings August 2020”
“Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 4.8% annual gain in July, up from 4.3% in June. The 20-City Composite posted a 3.9% annual gain, up from 3.5% the previous month — beating analysts’ expectations of 3.6%, according to Bloomberg.” – Yahoo Finance —– Sources: HomeContinue reading “S&P CoreLogic Case-Shiller Home Price Index July 2020”
“Initial jobless claims in regular state programs increased by 4,000 to 870,000 in the week ended Sept. 19. Continuing claims — the total number of Americans claiming ongoing unemployment assistance in those programs — declined 167,000 to 12.6 million in the week ended Sept. 12, which coincides with the reference period for the government’s monthlyContinue reading “Weekly Initial Jobless Claims 9/24/2020”
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