#Jobs
Here is a breakdown of the unemployment rate and educational attainment for those 25 years and older:
—Less than a high school diploma: 5.4%.
—High school graduate and no college: 4.0%
—Some college or associate degree: 3.1%
—Bachelor’s degree and higher: 2.0%
10-year yield 3.08% 🥳❤️🔥🔥
Getting closer and closer to my September 2022 forecast that we will get all the jobs back lost to Covid19 by then. The #JOLTS 10,000,000 premise has already been smashed
As we get back to a normal economy, job growth will be slow and steady. Always remember the limits of a country that has a slowing population growth. Job growth will slow down even in an expansion, as we saw before Covid19.
The last report showed 20% yearly price growth 😱🤬 Which was earlier in the year. The inventory channels in October of 2021 were showing us that we had a risk for another year of unhealthy home price growth in 2022
We do have ways of tracking inventory channels properly, and since 2020, it's been an unhealthy reality for housing, which was much worse early on in 2022
People forget that the cash-out boom was one of the unhealthy aspects of the housing bubble years; more owners had delinquencies via cashouts than purchases. Exotic loan debt structures were rampant. It was the closest thing housing had to margin leverage on a home.
Not anymore, not this time; American homeowners, especially cash-out loan households, look great on paper. Now that rates went up, that demand curve has ended housingwire.com/articles/are-w…