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Some Better News in South Lake Tahoe Today: Job Growth?

August 5th, 2011 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV

Any U.S. Job Growth helps South Lake Tahoe, and everywhere else too!

Lets not get too excited, the "good" news in South Lake Tahoe today is good because… well, it's not worse, and who knew that we would see an increase in the jobs market in July, and a tenth of a point down tic in the national unemployment rate from 9.2% to 9.1%?

All of yesterday's forecasters certainly didn't see this coming, and any movement in a positive direction is big time better than not.

The CNN headline read "Jobs Show Surprising Growth." We didn't use that… because a tenth of a point unemployment decline in a sea of national economic woe doesn't beg such sensationalism we think, but yes, it was a surprise. Welcomed it was.

Here's a few of the bullet points in the CNN article:

• The U.S. job market strengthened in July.

• This is good news that sharply contrasted other recent data pointing toward an economic slowdown.

• U.S. employers added 117,000 jobs in July, easily topping the 75,000 gain economists had predicted.

(full article here)

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Previous Lake Tahoe Real Estate Blog posts about jobs:

Jul 28, 2011: A Better Jobs Report… amid this Political Nonsense!
May 8, 2011:  A Good Jobs Report
Mar 4, 2011: Jobs Report: Good News for all of Us, and South Lake Tahoe too.
Mar 3, 2011: Caution: positive South Lake Tahoe housing news found here
Feb 10, 2011: More Better Economic News for South Lake Tahoe

Tags: Jobs report, Lake Tahoe Real Estate Blog, South Lake Tahoe Real Estate Agents, US employment rate

This entry was posted on Friday, August 5th, 2011 at 11:57 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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