How a 1 Million Jobs Error in New Report Could Shake the Rental Market
Off by Nearly 1 Million Jobs? Why the New Jobs Report Will Impact Rentals The latest jobs report sent ripples through the economic landscape, casting unexpected light on the state of employment and, subsequently, the rental market. The Bureau of Labor Statistics (BLS) released figures that suggest nearly 1 million jobs might have been inaccurately […]
Why AI May Transform Jobs But Cant Replace Your Real Estate Assets
AI Could Take Your Job, But It Can’t Take Your Real Estate In the rapidly evolving technological landscape of the 21st century, artificial intelligence (AI) stands as a formidable transformative force. From automating mundane tasks to driving innovations that streamline efficiency across numerous industries, AI’s impact on the job market has been both profound and, […]
From Juggling Jobs to Owning Five Homes: A Two-Year Transformation
Title: From Juggling Jobs to Owning Five Homes: A Two-Year Transformation In the ever-fluctuating landscape of the modern economy, tales of adversity often overshadow those of triumph. Yet, amid the challenging narratives lies an inspiring story of resilience, determination, and transformative success. This is the story of Sarah Thompson, a woman who, in just two […]
33 States Report Growth in Construction Jobs from Last Year – A Boon for Real Estate Investors
Recent analysis from the Associated General Contractors said construction employment increased year-over-year in 33 states and the District of Columbia in May. In addition, Association officials noted that employment gains in the industry have been muted amid questions about a range of federal labor, tax and trade policies. “Construction has been in a holding pattern […]
How Real Estate Investors Will Be Affected If the Tax Cuts & Jobs Act Expires
In This Article While everyone is focused on President Trump’s tariffs, the clock is ticking on one of the most significant tax reforms in recent history. Many provisions of the Tax Cuts & Jobs Act (TCJA) of 2017 are set to expire at the end of 2025, and real estate investors need to prepare for […]
Unemployment Rate Remains Unchanged in March compared to February
March Unemployment Report from Bureau of Labor Statistics According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 228k in February, 2025 with the unemployment rate coming in at 4.2% – about the same as February. In addition, the report says employment in the federal government actually declined. […]
The ADP National Employment Report for September 2024 reveals the latest trends in job growth and labor market dynamics across various industries.
ADP National Employment Report for September 2024 According to the ADP National Employment Report for September 2024, private sector employment increased by 143k jobs and annual pay was up 4.7% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data […]
Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy.
National Economic OutlookBy Ingo WInzer October, 2023 Although the national economy is experiencing a job growth rate of 2 percent, a closer look reveals some concerning trends. In sectors such as manufacturing, finance, and retail stores, job growth is below 1 percent. The restaurant industry is an exception with a high job growth rate of […]
Housing Construction Plummets in August
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more. […]
U.S. Employment Situation – August 2023
Total nonfarm payroll employment increased by 187k, in August 2023, with the unemployment rate rising to 3.8%.