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Comments on December Employment Report

Calculated Risk

The headline jobs number in the December employment report was well above expectations, however, October and November payrolls were revised down by 8,000 combined. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.4 level in February 2020 (pre-pandemic).

Numbers 278
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Single Family Built-for-Rent Almost Doubled Since 2020

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Single Family Built-for-Rent Almost Doubled Since 2020 A brief excerpt: Along with the monthly housing starts report for January released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q4 2023.

Numbers 294
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BLS: Job Openings Decreased to 7.6 million in December

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 7.6 Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. The spike in layoffs and discharges in March 2020 is labeled, but off the chart to better show the usual data.

Numbers 269
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Realtor.com Reports Active Inventory Up 35.0% YoY; Most Home For Sale Since August 2020

Calculated Risk

In fact, last week saw the highest number of homes for sale since August 2020 , a significant milestone. For the 27th straight week, there were more homes listed for sale versus the prior year, giving homebuyers more options.

Sales 287
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Comments on January Employment Report

Calculated Risk

The headline jobs number in the January employment report was below expectations, however, November and December payrolls were revised up by 100,000 combined. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.5 level in February 2020 (pre-pandemic).

Numbers 179
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Comments on February Employment Report

Calculated Risk

The headline jobs number in the February employment report was slightly below expectations, and December and January payrolls were revised down by 2,000 combined. Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons increased by 460,000 to 4.9 million in February.

Numbers 147
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BLS: Job Openings Increased to 7.7 million in January

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.7 Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. The number of job openings (black) were down 9% year-over-year. million in January , the U.S.

Numbers 165