Category Archives: Employment

Sorry buyers…

Posted on February 8, 2023 by grim

From Bloomberg: Buyers Are Flocking to NYC’s Suburbs. Too Bad There Aren’t Many Homes to Sell. In the midst of the worst US housing slump in a decade, a wave of finance and tech layoffs and drumbeats of a potential recession, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 103 Comments

Jobs Day!

Posted on February 3, 2023 by grim

From the NYT: January Jobs Report – Pace of U.S. Hiring Expected to Slow Again The government will provide its latest snapshot of the labor market on Friday, and economists expect it to show that January was another month of … Continue reading →

Posted in Economics, Employment, National Real Estate | 149 Comments

Sorry West

Posted on January 30, 2023 by grim

From the Washington Examiner: Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict. In a report … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Worst behind us?

Posted on January 26, 2023 by grim

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 120 Comments

Landlords making Newark unaffordable?

Posted on January 23, 2023 by grim

From Patch: Corporations Own Most Of Newark’s Homes. New Laws Are Pushing Back It wasn’t long ago that a study from the Rutgers Center on Law, Inequality and Metropolitan Equity made a startling claim about home ownership in New Jersey’s largest city: … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 130 Comments

32 months of job growth

Posted on January 20, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Job Gains Continue with Slight Uptick in December New Jersey’s labor market grew slightly in December, adding 1,400 nonfarm jobs to a seasonally adjusted level of 4,265,700, according to preliminary estimates produced … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 58 Comments

Oh that’s a cute idea, good luck.

Posted on January 18, 2023 by grim

From NJ.com: Companies are flocking back to the U.S. Let’s get them to move here. It’s the time of year when many people make New Year’s resolutions. Some people might go on a diet, or start working out. New Jersey … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 87 Comments

Hybrid NJ

Posted on January 14, 2023 by grim

From NorthJersey.com: ‘Working remotely is here to stay’: NJ considering new tax break for hybrid offices New Jersey officials say they’re contemplating a new tax break designed to lure companies interested in having their staff work from home rather than in the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 57 Comments

You take the good, you take the bad, you take them both, and there you have…

Posted on January 12, 2023 by grim

From the Times Union: Hudson Valley housing prices exploded in 2020. What happens now? In the late summer of 2019, when the word “pandemic” was most likely to call up images of the Spanish flu or the Black Death, the … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 152 Comments

Is it really so bad?

Posted on January 11, 2023 by grim

From Fox Business: Concerns over a ‘white collar recession’ grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs Concerns about a “white collar recession” grew Tuesday after Goldman Sachs began to lay off workers as part of a plan to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 107 Comments

Jobs Day!

Posted on January 6, 2023 by grim

From the NYT: U.S. Labor Market Expected to Slow The Labor Department’s latest reading on nationwide employment is due at 8:30 a.m. Eastern time on Friday. Forecasters expect the report to show that payrolls grew by about 200,000 in December, … Continue reading →

Posted in Economics, Employment, National Real Estate | 123 Comments

NJ beats the US Avg.

Posted on January 5, 2023 by grim

From the Philly Fed: State Coincident Indexes – November 2022 The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for November 2022. Over the past three months, the indexes increased in 35 states, decreased … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 164 Comments

Enough slacking, get back to work

Posted on December 26, 2022 by grim

From NJ1015: Looking for work? New Jersey is the 4th best state to get a job There are so many people out of work across the country, it’s good to know that you can get a job in New Jersey … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 11 Comments

Sales Plunge in November

Posted on December 23, 2022 by grim

From Reuters: U.S. existing home sales fall for 10th straight month in November U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 120 Comments

NJ UE 3.4%

Posted on December 20, 2022 by grim

From NJ Business Magazine: NJ’s Unemployment Rate Remains Steady at 3.4% The state’s unemployment rate remained steady at 3.4% in November. Employment reached a seasonally adjusted level of 4,257,900, with nonfarm employment increasing by 11,700 jobs for the month on … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 128 Comments