New Job Report Numbers: 2024 vs. 2007 - Real Estate Effects - 7 Points
By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
Time to Sell? The New Job Report Numbers 2024 vs. 2007 and the Real Estate Effects.Thus is a summary of a recent report labeled by Zero Hedge as the "most ridiculous jobs report in recent history". The Bureau of Labor Statistics (BLS) claimed a blockbuster job growth of 353,000 in the U.S. for the last month. However, as Zero Hedge delves into the data, a different narrative emerges, raising questions about the accuracy of these figures and drawing comparisons to the tumultuous economic periods of 2007 and 2008.Seven Questions:1. Job Growth or Weekly Hours adjusted? BLS reported an unexpected addition of 353,000 jobs, doubling Wall Street's consensus. Comparison to 2008 crisis: The last time we saw a 34.1-hour workweek was during the depths of the 2008 crisis.2. Average Hourly E...
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