Geographically Constrained Job Growth Provides Another Indication of a Sluggish Labor Market Recovery

PrintEmail
Housing Insights

Geographically Constrained Job Growth Provides Another Indication of a Sluggish Labor Market Recovery

Steady, but tepid, job growth has been a hallmark of the current economic recovery. Four years into the expansion, total nonfarm payrolls have grown at less than half the average pace of job gains experienced during all economic expansions of the last half century. A lack of geographic breadth is another indication of the labor market's lukewarm recovery.

In this latest edition of Housing Insights, Fannie Mae’s Economic & Strategic Research Group shows that job growth during the current recovery has not been as dispersed across the states as in previous expansions. By adding a geographic dimension to employment data, measures of state job growth dispersion and growth rates provide an indication of the robustness of the labor market recovery, which in turn is a key driver of healing in the housing market.

Geographically Constrained Job Growth Provides Another Indication of a Sluggish Labor Market Recovery (PDF)

 

Previous Housing Insights

Housing Insights formerly called Data Notes

An Uneven Recovery in Household Wealth

Fannie Mae Housing Insight: December 9, 2013

Deconsolidation in the Primary Mortgage Market: A Temporary or Structural Trend?

Fannie Mae Housing Insight: December 5, 2013

Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially

Fannie Mae Housing Insight: October 3, 2013

Is the Development and Design of Multifamily Rental Housing In Line with Recent Trends?

Fannie Mae Housing Insight: October 2013

Projected Slowdown in Labor Force Growth Suggests Weaker Future Housing Activity

Fannie Mae Housing Insight: August 2013

Immigrant Homeowners Hit Hard During the Housing Collapse, but Experience Varies by Country of Birth

Fannie Mae Housing Insight: July 2013

Manufactured Homes: A Shrinking Source of Low-Cost Housing

Fannie Mae Housing Insight: June2013

When the Housing Market Returns to "Normal," How Much Will Residential Construction Employment Rebound?

Fannie Mae Housing Insight: May 2013

Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters

Fannie Mae Housing Insight: Nov 2012

Stuck in the Great Recession's Income Slump: Sluggish Job Earnings Impede an Economic Expansion

Fannie Mae Housing Insight: Sept 2012

Housing the Nation’s Burgeoning Older Elderly Population

Fannie Mae Housing Insight: June 2012

Housing Cost Burdens

Fannie Mae Data Note: May 2012

Single-Family Rental Housing – The Fastest Growing Component of the Rental Market

Fannie Mae Data Note: Mar 2012

Inaugural Fannie Mae Data Note Examines Falling Homeownership Rates

Fannie Mae Data Note: Oct 2011