More positive news for our South Lake Tahoe housing market.
(Lake Tahoe Real Estate Blog / March 4, 2011 / Richard Bolen)
There's no getting around this one: today's US jobs report is a good one, and better employment news is a step in the right direction for the country, and our little South Lake Tahoe real estate market too.
Today's report still leaves us with a national unemployment rate of 8.9%, so lets not dust off the marching band, but this is a full point lower than it was, which is a fact none of us fondly remembers. We still have a testy road to travel, and potholes to traverse until our economy and housing industry gets back up to speed once more.
One thing that's perhaps even more encouraging that is in today's report is the number of private sector jobs added. While the government actually shed jobs, it was private rector hiring that led the charge. Small business hiring is the key to full employment recovery.
Here's today's report via Associated Press in full: "Unemployment dips to 8.9 pct., 192K jobs added."
The news this morning came on the heels of yesterday's employment news, which certainly foreshadowed today's positive report. Some of these reports were:
"Unemployment aid requests fall to near 3-year low" (Associated Press, here)
"Job data, oil prices push stocks broadly higher" (CNNMoney.com, here)
"Jobless claims fall to nearly 3-year low" (CNNMoney.com, here)
Previous Lake Tahoe Real Estate Blog posts:
Mar 3, 2011: Caution: positive South Lake Tahoe housing news found here
Feb 10, 2011: More Better Economic News for South Lake Tahoe
Dec 31, 2010: Much Better Jobs News, and that's good for South Lake Tahoe
Dec 19, 2010: Is the US Economy Getting Better… a Good Day for South Lake Tahoe on the Recovery Path
Dec 5, 2010: More Insight into the US Labor Market: is Productivity a Culprit?
Dec 3, 2010: Today's US Unemployment Numbers
Dec 1, 2010: Even Better U.S. Job News
Nov 24, 2010: The Best Jobs Report in Two Years
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