permafrost Loc: Minnesota

After months of optimistic facts on our economy but only gloom and doom posted on OPP. I feel it is time for real hard look at facts for a change.. this report on the job market is pretty much a repeat of the last many months..

https://apnews.com/article/jobs-economy-inflation-rates-hiring-federal-reserve-953387b195e6c58703b33ef94dad11b4?user_email=49da43db2f28765be37e4f4e6c3a9edf8898abd4ac6b5dc1d2c8baf9c57ba73c&utm_medium=APNews_Alerts&utm_source=Sailthr

US employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market



WASHINGTON (AP) — The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.

Friday’s report from the Labor Department showed that the unemployment rate dropped from 3.9% to 3.7%, not far above a five-decade low of 3.4% in April. The unemployment rate has now remained below 4% for 22 straight months, the longest such streak since the late 1960s.

November’s job gain was a reminder that many employers continue to hire, though last month’s increase was inflated by the return of about 40,000 formerly striking auto workers and actors, who were not at work in October but returned in November.

The job market is decelerating in a way that Fed officials have wanted to see. Hiring has averaged just over 200,000 a month in the past three months, down from an average of about 320,000 in the same period last year.

Coos Bay Tom Loc: coos bay oregon

Lets hope the positive trend continues . If my little town is an indicator There are jobs for those who want them -construction projects being done . What we lack is affordable housing .

keepuphope Loc: Idaho

Meanwhile terrorist sympathizers are marching for them all over our streets and threatening Jews with extinction,hard working middle and lower class citizens are scrounging around trying to feed their families and keep a roof over their heads, and millions are walking across the border mixed in with terrorists to wreak havoc on America the great satan. Yes thing are wonderful for a few select people. Isn't it great.

permafrost Loc: Minnesota

It does seem that housing problem exists everywhere.. A town not far from here they are turning what once was a hospital and turning it into low cost housing.. on the other side of this tiny town, a developer is building houses on 170 acres.. which he says will sell for 450-500 thousand range. Interesting to see which sells out first..

XXX Loc: Somewhere north of the Mason-Dixon

Gee whiz perma, around here a quarter acre property with a decent house will bring 700 plus thousand.

permafrost Loc: Minnesota

I prefer to try for optimism.... I suppose some are struggling.. but things are getting better..

We do need to do something about the lawlessness.... for sure..

Slipping in of terrorists has been a worry for decades and a success for them with the destruction of the towers.

We know they would love to do it again, so we best keep sharp eyes on the possibility..

However, be optimistic.. see the bright side...

permafrost Loc: Minnesota

Wow, Uffda..... I have lived up here for a long time.. seems impossible that I paid mid 20s for the land and home.. but then my parents bought a home in Mpls for 9 thousand , way back in the 50s..

I truly can not see how the cost of housing can keep going up at this rate forever..

XXX Loc: Somewhere north of the Mason-Dixon

Not sure either. Where i live farmland is more of an interest. 5 years ago a 40 acre farm brought close to a million and a 100 acre farm close to 2 million. Now we just saw a 47 acre farm go for 3.7 million and a 120 acre farm brought 11.3 million! That is insane. The price will not come down but there should be a curb on the increase.

permafrost Loc: Minnesota

OMG!!!! I can not see how a farm could ever return any $$ at those prices..

XXX Loc: Somewhere north of the Mason-Dixon

I really don't know either. Most seem profitable. The main cash crop around here is tobacco which is a great cash crop. I was told young farmers starting out will sometimes go on a 40 year payment or more. Depressingly insane.

Coos Bay Tom Loc: coos bay oregon

I have a letter written by my Great grandmother in 1936. In it she describes a 40 acre farm with a house and barn for $400 that's it . She told the buyers that was too much and they offered $250 and they got it !

XXX Loc: Somewhere north of the Mason-Dixon

Note the year was doing the great depression but yes it shows us how things go up.

keepuphope Loc: Idaho

That's 1 in a billion kind of woman. She had integrity.

XXX Loc: Somewhere north of the Mason-Dixon

Justice101

Low inventory of available housing-supply and demand. Real estate investors (large and small) and corporations are buying up large swaths of available single-family homes and turning them into rental properties.

Are Big Companies Really Buying Up Single-family Homes?
https://todayshomeowner.com/blog/guides/are-big-companies-buying-up-single-family-homes/

A common perception today is that more than ever, large, faceless investment companies are purchasing houses en masse and converting them into rental homes. If true, this would mean that large swaths of U.S. homes are being swallowed up, resulting in a more competitive market, fewer available houses, and inflated home prices.