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Category Archives: Demographics
NJ Unemployment Falls to 6.3%
From ROINJ: New Jersey adds jobs for 12th straight month; unemployment rate falls to 6.3% New Jersey Department of Labor & Workforce Development figures for December show the state added 10,100 jobs, according to preliminary estimates by the U.S. Bureau of Labor … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
112 Comments
Just keeps going
From Bloomberg: A Typical U.S. Home Is Now Valued at $320,662 — 20% More Than a Year Ago Mortgage rates are creeping higher, yet the U.S. real estate market is still breaking records. Home values on average jumped almost 20% … Continue reading
Posted in Demographics, Economics, National Real Estate
109 Comments
Fun – dah – mentals
From the NYT: Something Has to Give in the Housing Market. Or Does It? Two years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
59 Comments
It was legal to discriminate against older workers in NJ
From the Star Ledger: Older workers in N.J. have new protections to help them find a job, get promoted In response to an increasingly older workforce and retirement ages, on Oct. 4, 2021, Gov. Phil Murphy signed a bill expanding … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate
147 Comments
The kids are alright (kinda)
From Insider: 1980s millennials are finally recovering from the Great Recession Nearly 15 years after the Great Recession hit, the eldest millennials are finally doing alright. Graduating into a blighted job market put them on a rocky road to building both their career … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
153 Comments
Great Resignation to accelerate?
From NJ1015: Why do more workers plan to jump ship from their jobs in 2022? Job optimism is high as 41% of workers plan to look for a new job in the first six months of 2022, according to Robert … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
94 Comments
The new New Jersey
From NJ Monthly: How Covid-19 Changed the Way We Work in New Jersey When Governor Phil Murphy signed an unprecedented executive order in March 2020 directing New Jersey’s 9 million residents to stay home, the state’s schools and nonessential businesses to shut … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
156 Comments
Where is everyone?
From Politico: U.S. population growth in 2021 slowest since nation’s founding The U.S. population grew just 0.1 percent in 2021, the slowest rate since the nation was founded in the 18th century, according to data from the U.S. Census Bureau. The … Continue reading
Posted in Demographics, Economics, National Real Estate
145 Comments
When do we get our recovery?
From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC
73 Comments
NJ gets back to work
From NJ101.5: As jobless benefits end, NJ sees surge in hiring As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing. The Garden … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
247 Comments
Thanks Millennials!
From the WSJ: Millennials Are Supercharging the Housing Market Alex and Michelle Angert lived the last years of their 20s without a permanent address. They moved out of a small Manhattan apartment in 2018 to stay in short-term rentals around … Continue reading
Posted in Demographics, Economics, National Real Estate
303 Comments
Zillow predicts the future
From Zillow (not that they are ever right on anything): Zillow’s Hot Housing Takes for 2022 2022 will fall just short of record-breaking Sellers keep the upper hand Large rentals will be in high demand The ‘Sun Belt surge’ will … Continue reading
Posted in Demographics, Economics, National Real Estate
178 Comments
You load 16 tons, what do you get?
From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC
259 Comments
Paying taxes in the Sunshine State
From the Star Ledger: With no SALT deduction, should I move to Florida? There’s no question that taxes across the board are high in New Jersey when compared with other states, and that most taxes in Florida are lower. To … Continue reading
Hiring Stalemate in NJ
From NJBIZ: NJBIA survey: 3 in 4 NJ employers faced hiring shortages this year Despite waning fears about the COVID-19 pandemic, three out of every four employers said they’ve struggled to find workers this past year, and many said they’re … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
127 Comments