This post is a bit long, with a puzzling observation and, even after five FRED graphs, no definitive explanation. But sometimes the journey must be the destination…
The (first) graph above shows unemployment rates by race and gender since the start of the Great Recession. It’s clear men’s rates overall are higher than women’s, possibly due to factors such as women’s less-harmonious attachment to the labor market and different gender composition across industries and occupations. Also, Whites overall enjoy a lower unemployment rate than Blacks, which is at least partly due to the differences in the industries and occupations Blacks and Whites tend to work in.
The movements in the unemployment rates also differ, and this is the puzzle we focus on here. Look closely and you’ll see that unemployment rates didn’t start to decline until late 2011 and early 2012 for Black men and mid-2013 for Black women. The decline for
Category Archives: News
News about the U.S. real estate market and profession.
Agents Annoyed by Buyers Wanting Celebrity Treatment
“Sometimes I want to say, ‘Nobody cares!’” one real estate pro confesses about her client’s request to have the same secrecy in a home purchase as a famous person.
Real Estate Leaders Among Glassdoor’s Top CEO List
The forces behind several brokerages and firms were among those that landed on this year’s prestigious list compiled from thousands of employee reviews on Glassdoor.
Google Pledges $1 Billion to Add Housing in San Francisco
The tech giant announced its financial pledge this week, which will provide land and money to build homes and ease the Bay Area’s housing crisis.
NAR Looks to Expand Investments in Tech Startups Globally
Second Century Ventures, the association’s strategic investment arm, will support the growth of the most promising new real estate technologies in the world.
Green Street Sees Senior Housing Demand Picking Up in the 2020s
Lukas Hartwich, senior analyst at Green Street Advisors, joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Hartwich noted that the senior housing industry has been facing a demand headwind due to the fewer number of children born during the Great Depression era.
“We do expect demand to start to move up in the 2020’s as the baby boomer cohort hits that 80 plus age,” Hartwich said.
Shopping Center REIT Brixmor Becoming a More Balanced Capital Recycler
James Taylor, Jr., president and CEO of Brixmor Property Group Inc. (NYSE: BRX), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Taylor described some of the efforts Brixmor has taken to become a more balanced capital recycler. He noted that over the last 18 months the company has sold about $1.5 billion of assets that presented less growth opportunities or were in non-strategic markets.
How Confidence Can Help You Nail That Listing Presentation
One real estate professional created a formula that can help you go from hesitant and stumbling to confident and cool and make clients want to work with you.
Who’s Your Favorite Celebrity Makeover Specialist?
Design TV shows are having a big influence on homeowners and home buyers’ design style. Find out who their favorite TV home stylist is.
Mortgages Are the Happiest Type of Debt
A mortgage may be Americans’ biggest source of debt, but they view it as the best type to have.
