Tag Archive for ‘state and local markets’

Sharp Rebound in Real GDP in All States and D.C. in the Third Quarter of 2020

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia, in the third  quarter of 2020 compared to the previous quarter. The U.S. Bureau of Economic Analysis reported real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 52.2% in Nevada to 19.2% in the District of Columbia. Nationwide, real GDP growth… Read More ›

Sluggish Job Growth in November: State-Level Analysis

Nonfarm payroll employment increased in 32 states in November compared to the previous month. The largest increase came from Texas, which added 61,000 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased just 245,000 over the month of November, following an increase of 610,000 jobs in October. Month-over-month (MoM), total nonfarm employment… Read More ›

Solid Gains for October Single-Family Permits

Over the first ten months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 808,301. On a year-over-year (YoY) basis, this is an 11.1% increase over the October 2019 level of 727,301. Year-to-date ending in October, single-family permits across the four regions ranged from an increase of 13.3% in the South to an increase of 7.0% in the Northeast…. Read More ›

Slower Jobs Gains in October: State-Level Analysis

Nonfarm payroll employment increased in 45 states in October compared to the previous month. The largest increase came from California, which added 145,500 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 638,000 over the month of October, following an increase of 672,000 jobs in September. Month-over-month (MoM), total nonfarm employment… Read More ›

Strong Gains for September Single-Family Permits

Over the first nine months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 713,286. On a year-over-year (YoY) basis, this is an 10.2% increase over the September 2019 level of 647,244. Year-to-date ending in September, single-family permits across the four regions ranged from an increase of 12.4% in the South to an increase of 6.2% in the Northeast…. Read More ›

Slower Jobs Gains in September: State-Level Analysis

Nonfarm payroll employment increased in 41 states in September compared to the previous month. The largest increase came from New York, which added 109,300 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 661,000 over the month of September, following an increase of 1.5 million jobs in August. Month-over-month (MoM), total… Read More ›

Robust Gains for August Single-Family Permits

Over the first eight months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 616,856. On a year-over-year (YoY) basis, this is an 6.9% increase over the August 2019 level of 576,798. Year-to-date ending in August, single-family permits across the four regions ranged from an increase of 9.8% in the South to a decline of 1.8% in the Northeast…. Read More ›

Sharp Decline in Real GDP in All States: 2Q20

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from… Read More ›

New York Led with Employment Gains in August

Nonfarm payroll employment increased in 49 states in August compared to the previous month. The largest increase came from New York, which added 153,300 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 1.4 million over the month of August, following an increase of 1.7 million jobs in July. Month-over-month (MoM),… Read More ›

Strong Year-over-Year Gains for July Single-Family Permits

Over the first seven months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 525,623. On a year-over-year (YoY) basis, this is an 5.8% increase over the July 2019 level of 496,726. Year-to-date ending in July, single-family permits across the four regions ranged from an increase of 8.6% in the South to a decline of 1.7% in the Northeast…. Read More ›