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Even More Improvement in the Jobs Market

December 4th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV

MarketWatch.comJob losses shrink unexpectedly in November to lowest rate in 2 years

This is even more improvement over the jobs report we did yesterday (here). It’s unexpected, today’s news as reported by MarketWatch, and it’s another indicator that we are indeed on the road to recovery in the U.S. housing market. The key to it is, of course, just how long a road that will be.

As discussed frequently here, the U.S. jobs market is directly related to home foreclosures. For us to see less distressed properties on the market, we have to see not only decreases in unemployment, we also need to see increases in employment.

Some key bullet points in today’s jobs report article:

  • The U.S. labor market improved markedly in November, with the unemployment rate falling back to 10% and job losses shrinking to the lowest level in nearly two years (source U.S. Labor Department, their full report here).
  • This may overemphasize early improvement in the economy, one economist said.
  • The long, slow recovery is under way, another economist said.

(full article here)

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This entry was posted on Friday, December 4th, 2009 at 12:19 pm 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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