Category Archives: Employment

Where NJ makes it’s money

Posted on November 20, 2023 by grim

From Statista: Real value added to the gross domestic product of New Jersey in the United States in 2022, by industry 

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments

Tech’s outsized impact on real estate speculation

Posted on November 16, 2023 by grim

From Realtor.com: Reassessing the ‘Amazon Effect’ on Home Prices in One U.S. Metro Area Seattle-based Amazon’s announcement that it would be building a second headquarters in Northern Virginia boosted home prices and sales, albeit temporarily, according to a new report. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 43 Comments

Home offices spur office homes

Posted on October 27, 2023 by grim

Fun collection of stories this morning: Why turning offices into homes is a terrible idea City of Ottawa looking at ways to make office-to-residential conversions easier Conversion of vacant London offices could deliver 28,000 homes to the UK capital These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 112 Comments

Sorry renters

Posted on September 29, 2023 by grim

From RentCafe: Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place While the Midwest is flexing its muscle in peak rental season, we’re seeing rising competition in the Northeast,as well. The main reason for this … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Good or Bad?

Posted on September 25, 2023 by grim

From NJ Spotlight: Reconciling rising unemployment and strong job growth: NJ’s uncertain fiscal outlook New Jersey’s unemployment rate has steadily risen over the past year and now ranks among the highest in the nation. But while some economists and others … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments

Wages Up!

Posted on September 20, 2023 by grim

Seems like given the current inflation conditions, we’re in a politically advantageous time to push for minimum wage increases without much noise: Florida’s minimum wage increases this month Montgomery County Introduces Bill To Phase Out Tipped Minimum Wage Connecticut’s minimum … Continue reading →

Posted in Economics, Employment, National Real Estate | 24 Comments

Tick Tick Tick

Posted on September 17, 2023 by grim

From NJ1015: NJ ADDS JOBS, UNEMPLOYMENT RATE EDGES UP New Jersey’s unemployment rate ticked up in August. The New Jersey Department of Labor and Workforce Development announced on Thursday that the number of jobs in the state grew by 12,300 … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 33 Comments

Sorry about your paycheck

Posted on September 13, 2023 by grim

From the WSJ: U.S. Incomes Fall for Third Straight Year Surging inflation gobbled up household income gains last year, making 2022 the third straight year in which Americans saw their living standards eroded by rising prices and pandemic disruptions. Americans’ inflation-adjusted … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 57 Comments

Lazy millennials already gave up

Posted on September 8, 2023 by grim

From Redfin: Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 111 Comments

Pay up or walk, suckers.

Posted on September 5, 2023 by grim

From the Star Ledger: Timing was key in sale of N.J. home for $205K over asking price Location may be the key word in real estate but, like anything else, timing can also make a difference. A house in Closter … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 63 Comments

Dark clouds ahead, or too much pessimism?

Posted on August 21, 2023 by grim

From ROI-NJ: Survey: Will N.J.’s economy remain as is or worsen by end of 2023? How about that economy? The answer may not be that good: 44% of 434 certified public accountants surveyed by the New Jersey Society of Certified Public … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 63 Comments

Sorry about your job

Posted on August 20, 2023 by grim

From the Record: NJ job market numbers are out: See where we’re headed New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 31 Comments

Another day, another record

Posted on August 10, 2023 by grim

From CNBC: The average Manhattan rent just hit a new record of $5,588 a month Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 40 Comments

Jobs Day!

Posted on August 4, 2023 by grim

From Morningstar: July Jobs Report Forecast: Few Signs of a Slowing Economy Forecasts for the July U.S. jobs report call for yet another month of healthy gains in the labor market, with no signs of a recession. Still, if the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 116 Comments

Recession fading away?

Posted on July 18, 2023 by grim

From CNBC: Goldman Sachs cuts odds of a U.S. recession in the next year Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the … Continue reading →

Posted in Economics, Employment, National Real Estate | 216 Comments