Tag: jobs

Initial vs. Continuing Unemployment Claims: A Distinction with the Very Big Difference

The employment news is bad enough without reporters and pundits exaggerating the grim trends. Almost 39 million initial claims for unemployment have been filed since mid-March when the COVID-19 pandemic really started taking hold of the economy. It is probably fair to conclude that “Nearly 39 million have lost jobs in US since virus took …

The January Jobs Report: Lots to Like! But Still . . .

The January jobs report was surprisingly positive, with a significant jump in new hires, a slight bump in hourly wage growth, and continued rise people entering the labor force. Meanwhile, unemployment remains near its lowest level in five decades. These trends are all positive for property markets and the broader economy. Nonetheless, on deeper analysis, …