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2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Statistics regarding the number of full-time and part-time workers (in thousands) since 2000 highlight this trend: From the November 2007 pre-crisis peak total employment month to December 2009 trough or low point, the U.S. lost 11,306 full-time jobs but added 2,704 part-time jobs, a net loss of 8,602 jobs total.
On Friday, the Bureau of Labor Statistics said the nation's unemployment rate edged down to 4%, versus 4.1% in December. The unemployment rate had been forecast to remain at 4.1% in January ...
Many people dream of buying their own home, but a confluence of economic and real estate issues is arguably creating an affordability crisis. Just a few years ago, during the height of the ...
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The White House Council of Economic Advisers lowered its forecast for U.S. economic growth in 2008 from 3.1 per cent to 2.7 per cent and forecast higher unemployment, reflecting the turmoil in the credit and residential real-estate markets. The Bush administration economic advisers also revised their unemployment outlook and predicted the ...
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduce interest rates. [1]