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Comments on December Employment Report

Calculated Risk

The headline jobs number in the December employment report was well above expectations, however, October and November payrolls were revised down by 8,000 combined. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.4 level in February 2020 (pre-pandemic).

Numbers 278
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Single Family Built-for-Rent Almost Doubled Since 2020

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Single Family Built-for-Rent Almost Doubled Since 2020 A brief excerpt: Along with the monthly housing starts report for January released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q4 2023.

Numbers 294
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BLS: Job Openings Decreased to 7.6 million in December

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 7.6 Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. The spike in layoffs and discharges in March 2020 is labeled, but off the chart to better show the usual data.

Numbers 269
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BLS: Job Openings Increased to 7.4 million in April

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.4 Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. The number of job openings (black) were down 3% year-over-year. million in April , the U.S.

Numbers 251
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Comments on March Employment Report

Calculated Risk

The headline jobs number in the March employment report was above expectations, however, January and February payrolls were revised down by 48,000 combined. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.8 level in February 2020 (pre-pandemic).

Numbers 179
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HVS: Q1 2025 Homeownership and Vacancy Rates

Calculated Risk

The results of this survey were significantly distorted by the pandemic in 2020. This survey might show the trend, but I wouldn't rely on the absolute numbers. The Red dots are the decennial Census homeownership rates for April 1st, 1990, 2000, 2010, and 2020. The homeownership rate of 65.1 in Q1, from 65.7% in Q1 from 1.1%

Numbers 240
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BLS: Job Openings Decreased to 7.6 million in February

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.6 Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. The number of job openings (black) were down 10% year-over-year. million in February , the U.S.

Numbers 229