United States Real Estate Market affects Job HiringPosted by Jonathan Karlen on Thursday, September 1st, 2011 at 4:51pm.
Many construction companies fired employees in an effort to reduce costs during this slower real estate market. Mortgage companies, real estate companies, and banks followed suit.
Still, unemployment overall remains at 4.7%. Kentucky’s unemployment rate was 5.6%.
There were modest employment gains overall – primarily as a result of the services industry.
These modest job gains will likely stimulate the Federal Reserve to make interest rate cuts to help ensure that the economy remains moving forward.
Some more detailed information is as follows:
Non-farms payroll increased by 94000 for November.
Strong enough to at least calm some nerves about a possible recession – but still weak enough that there are going to be concerns about what may happen.
for any person that may need to search for Louisville real estate this web site offers a lot of easy to use 1 click searches which include Shelbyville Farms for Sale for viewing of horse farms in Shelbyville Kentucky. And for persons desiring to buy a patio home or townhouse, we have Louisville Condos which offers both patiohomes / townshouse as well as condominiums. And for those that want to view homes by neighborhoods we offer our Louisville homes for sale by subdivision which is a great feature of the site. With the Fed likely to be intervening with an interest rate reduction next week, should help some home owners that are in a tough financial situation with adjustable rates mortgages, increases oil/fuel prices, and the holiday shopping season.
It is hard to predict how much of a reduction the Fed may make. Some believe that 1/4 of a point would be a good place for the Fed to reduce the current rate to - while others feel it may be even stronger than that.
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