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Financial Services Job Migration Previews New-Home Demand Trend
John McManus / BUILDER / July 7, 2014
After this past Thursday’s upbeat June employment report from the Labor Department, it’s only right that we begin looking more carefully at the correlations between job formations and housing’s on-going recovery.
Have a look first at Wall Street Journal staffer Kathleen Madigan’s “5 Takeaways from the June Employment Report,” to get bearings around the good, the bad, and the still-ugly parts of America’s jobs picture.
Among the encouraging trends below the headlines includes the fact that wage growth suggests that household incomes will be supportive of new household formations, and broader geographic dispersion in jobs growth is beginning to fuel earnings and spending expectations in more than a few isolated, industry-specific markets.