This is an update to an earlier post . As I've noted for some time, housing leads the economy and is the best leading indicator for the economy - both into and out of recessions. Employment lags the economy, and the following graph shows the relationship between starts and unemployment. ... Rea ... Read more

From the BLS: Regional and State Employment and Unemployment Summary Twenty-three states and the District of Columbia recorded over-the-month unemployment rate increases, 19 states registered rate decreases, and 8 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over th ... Read more

From the BLS: Regional and State Employment and Unemployment Summary Twenty-seven states and the District of Columbia reported over-the-month unemployment rate increases, 16 states registered rate decreases, and 7 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over ... Read more

Today the California Employment Development Department revealed, unsurprisingly, that San Diego's job losses have been severe. The latest update included a revision to last year's data, which painted a bleaker picture of recent months than had previous releases. (This is also unsurprising, given som ... Read more