News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Madison Inselmann / Metrostudy / August 20, 2013
Forbes magazine recently released an infographic showing the top markets for expected job growth in the coming years. As has been the case for about eighteen months now, Texas continues to lead the way. The fact that Texas owns 7 of the top 10 spots is no surprise considering the energy boom that took off during the recession as well as the housing recovery that began about a year ahead of the nation’s residential return. This expected growth is encouraging for the local markets involved. Interest rates have shaken some of the consumer confidence that took so long to manufacture, evenRead More
Ben Casselman / The Wall Street Journal / August 6, 2013
It’s getting easier for unemployed workers to find jobs. Whether they’re good jobs is another question.
There were 2.99 job seekers for every open job in June, the Labor Department said Tuesday, the first time the ratio has dropped below three since October 2008. Unemployed workers still have it a lot harder than in the mid-2000s, when there were consistently fewer than two workers per opening, but their prospects are far better than in the depths of the recession, when there were more than six job seekers for every job.
July data won’t be available for another month, but it likely showedRead More
Jeffry Bartash / Market Watch / August 1, 2013
The U.S. has regained more than four-fifths of the 8.8 million jobs lost in the private sector during the last recession, but peak won’t be matched until early 2014 at the current pace of hiring. Here’s a MarketWatch snapshot from Jeffrey Bartash of over-achiever sectors with comment on their importance in the big scheme of things.Read More
Joel Kotkin and Wendell Cox / newgeography / July 30, 2013
A city at its best, wrote the philosopher René Descartes, provides “an inventory of the possible.” The city Descartes had in mind was 17th-century Amsterdam, which for him epitomized those cities where people go to change their circumstances and improve their lives. But such aspirational cities have existed throughout American history as well, starting with Boston in the 17th century, Philadelphia in the 18th, New York in the 19th, Chicago in the early 20th, Detroit in the 1920s and 1930s, followed by midcentury Los Angeles, and San Jose in the 1980s.
Yes, the great rule of aspirationalRead More
Greig O'Brien / ARCHITECT / July 31, 2013
ADP and Moody’s Analytics released their July employment report, which shows continued job growth nationwide.
June was a good month for job growth, from both payroll-processing firm ADP and their partner Moody’s Analytics and the U.S. Department of Labor’s Bureau of Labor Statistics, after a soft month in May and disappointing month in April. July seems to be building on that success. ADP reports today that the economy added 200,000 new jobs in July. The goods-producing segment of the economy added 22,000 jobs and the service-providing segment added 177,000