A poor job market means poor home sales.
Despite the incessant touting of a robust job market, here are charts from the St. Louis Fed that demonstrate that the job recovery is a farce.
Only one group has job gains:
https://smaulgld.com/why-the-job-recovery-was-and-still-is-a-farce-illustrated-in-charts/
Wow, this is powerful stuff. This may be what is impacting our market as well. The "news" is all so rosey and yet the phones are dead....everyone puzzled, prices stable to down some over the year, interest rates unchanged --- if the job market is so great, what is going on. I think you came upon some helpful data here -- imagine, reporting facts, not spin, that would be so helpful. Hard to fix a problem if you insist it doesn't exist. Thanks for sharing.
Louis Cammarosano
Hampton, NH
Thanks Jeanne.
This is data directly from the same Fed that claims the labor market is good!
I came across this today- Young women are staying at home in greater percentages than since the 1950's. I doubt its cultural and more a function of not being able to afford to move out http://www.wsj.com/articles/BL-REB-34441
An old draft was initially published, Here is the correct version: https://smaulgld.com/why-the-job-recovery-was-and-still-is-a-farce-illustrated-in-charts/
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