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More Signs of Improvement in the Jobs Picture

December 3rd, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV

CnnMoney.com Job Losses Slow Eighth Month in a Row…

Again, lets not get ahead of ourselves: the U.S. economy is still losing jobs, it’s just not as many jobs were lost last month as the month before.

This is the eighth month in a row that this has happened, which speaks more to the state that we were in, rather than suggesting any immediate growth. Things, though, are getting somewhat better, perhaps statistically rather than in our wallets, and these continuing reports of improvement are a positive step toward better things to come.

As we have discussed aplenty, we are not going to see real growth in our housing industry until we see a real cessation in the loss of jobs. Unemployment is directly related to the over abundance of foreclosures throughout the U.S. housing industry.

Here’s some of the key bullet points in this CNNMoney.com article:

  • Several more months of declines are expected, but job losses will  get smaller and the first positive number is expected in next February’s data.
  • The U.S. economy will not return to "full employment," defined as 5% unemployment, until as late as 2014, one economist says.
  • There are two ways to improve job performance: hope more government spending translates to employment, or give tax incentives for hiring, the same economist said.
  • One report showed the pace of job losses has slowed to the lowest level in two years.
  • November’s job cuts marked the fourth consecutive month of declines in what has been the worst year in terms of job losses in the last 60 years.
  • The labor market appears to be coming out of the woods when it comes to downsizing.
  • Possible jobs recovery depends on what happens with hiring (duh!) , another economist says.

(full article here)

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This entry was posted on Thursday, December 3rd, 2009 at 11:37 am and is filed under For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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