Jobs Update

The economy did add 151,000 new jobs last month, but with 15 million folks out of work in the country, it will take another 99 months to recover to the level where it was at the peak in 2007.  The recovery is already slower that the last 4 other recessions.  The blog Economix shows the recovery in graphic form, one that illustrates just how deep the recession has been.

If the next peak takes place 99 months from today, or in the Spring of 2019, we will have to get underway soon.  For our industry to recover, that means that lending has to improve, developers have to be able to see markets emerging from the fog and some stability has to return to the corporate world.  Now that the elections are behind us, perhaps we can look forward to some stability emerging from the Great Reset.