Category Archives: Employment

Worrying our way into, and out of, a recession

Posted on December 19, 2022 by grim

From CNN: Why recession fears are back: Americans are losing faith From the executive suite to the grocery aisles to the halls of the Federal Reserve, the big question is: Can red-hot inflation be vanquished without tipping the economy into … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 62 Comments

$14.13

Posted on December 14, 2022 by grim

From the Daily Princetonian: New Jersey’s minimum wage to increase to $14.13/hour As of Jan. 1, the statewide minimum wage in New Jersey will increase to $14.13 per hour, according to the New Jersey Department of Labor & Workforce Development. This change … Continue reading →

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

Pretty sure this means no recession…

Posted on December 13, 2022 by grim

From Motley Fool: 98% of CEOs Expect a Recession in 12-18 Months Uncertainty has been one of the few consistent themes of recent years. It’s not surprising given that we’re still navigating the aftermath of what was an unprecedented pandemic. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 97 Comments

The new inflation baseline

Posted on December 6, 2022 by grim

From the WSJ: Must Inflation Be Brought Down All the Way to 2%? “Why must inflation be around 2%?” is a question that obsessed central bankers back when inflation was stubbornly below their favorite target. It makes more sense to … Continue reading →

Posted in Economics, Employment, Mortgages, Politics | 135 Comments

Jobs Day!

Posted on December 2, 2022 by grim

From CNN: What to expect from Friday’s jobs report Friday’s closely watched jobs report is expected to show a slowdown in November, with just 200,000 positions added, according to economists polled by Refinitiv.  But while the recent wave of layoffs … Continue reading →

Posted in Economics, Employment | 88 Comments

NJ & PA economies looking strong

Posted on November 29, 2022 by grim

From the Philly Fed: State Coincident Indexes – October 2022 The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2022. Over the past three months, the indexes increased in 36 states, decreased … Continue reading →

Posted in Economics, Employment | 76 Comments

Blip or recession?

Posted on November 18, 2022 by grim

From NJ1015: Record streak for New Jersey job growth snapped in October New Jersey’s economy lost jobs in October for the first time in nearly two years, snapping the state’s longest streak of job growth since at least the 1980s. … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 89 Comments

Deep dive on NJ from the Fed

Posted on November 14, 2022 by grim

From Liberty Street Economics @ The NY Fed: A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom Since the start of the pandemic, home prices in the U.S. have increased by an astonishing 40 percent. The New … Continue reading →

Posted in Economics, Employment, Housing Bubble, New Jersey Real Estate, North Jersey Real Estate, NYC | 58 Comments

Never a good time to be a first time buyer

Posted on November 13, 2022 by grim

From the NYT: ‘It’s Never Our Time’: First-Time Home Buyers Face a Brutal Market First-time buyers account for the smallest share of the market in the 41 years that the National Association of Realtors has tracked such data. In the year from … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 16 Comments

Word of the day: Reshoring

Posted on November 2, 2022 by grim

From FreightWaves: North America’s reshoring of the global supply chain With manufacturing and labor markets on the decline with North America’s traditional partners in Asia — and with trade with Russia collapsing — North America is in prime position to … Continue reading →

Posted in Economics, Employment, National Real Estate | 75 Comments

Recession Hits Jersey

Posted on October 22, 2022 by grim

From ROINJ: N.J. unemployment falls to 3.3%; job growth slows in September On Thursday, the U.S. Bureau of Labor Statistics announced total nonfarm wage and salary employment in New Jersey increased by 3,800 in September, reaching a seasonally adjusted level of 4,239,600. … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 39 Comments

Housing tanks, buyers screwed

Posted on October 21, 2022 by grim

From CNBC: Existing home sales fall to a 10-year low in September, as mortgage rates soar Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 70 Comments

So which is it?

Posted on October 19, 2022 by grim

From New York Magazine: Wall Street Banks Are (at Least Somewhat) Freaked Out About a Recession You know things are serious when David Solomon, the Goldman Sachs CEO who spent the summer DJ-ing at Lollapalooza, hasn’t posted on Instagramabout his music since … Continue reading →

Posted in Economics, Employment, National Real Estate | 89 Comments

The new New Jersey

Posted on October 16, 2022 by grim

From NJ1015: WORK-FROM-HOME SURGE TRANSFORMS NJ ECONOMY Close to 1 million New Jerseyans a day worked from home in 2021, according to Census Bureau estimates from its American Community Survey that underscore the massive changes brought on by the pandemic. … Continue reading →

Posted in Demographics, Economics, Employment | 54 Comments

Hellooo 7 point o

Posted on October 8, 2022 by grim

From CNBC: Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 41 Comments