05 March 2010

Reason to believe that the job market is moving in the right direction

The extension and expansion of the home buyer tax credit can be counted on to help home sales throughout the first half of this year, but how will markets fare after the credit expires on April 30 (with deals having until June 30 to close)? The health of housing for the second half of the year is dependent on jobs, and on this point the picture is mixed. Although we expect GDP growth of about 3 percent this year, job growth will lag and we could see unemployment worsen to about 10.5 percent in the second quarter before it improves. Employment has always lagged economic growth, and for commonsense reasons. Among other factors, companies tend to hold off on hiring even as business rises until they see growth is sustainable. However, several factors give reason to believe that the job market is moving in the right direction. Temporary employment is up we’ve seen several months of increasing demand for temporary workers, signaling future permanent gains. 2010 is a census year this once-a-decade event is a big job generator in its own right. The government can be expected to hire a million people to help it count U.S. households. These temp jobs will serve as a bridge while the economy strengthens and companies ramp up hiring. Some key sectors are already adding jobs the professional business service sector—which encompasses accounting, management consulting, and law—got hammered in the recession, but it added 50,000 jobs in December. That’s positive news for commercial markets. Meanwhile, jobs in health care service and education remain strong.

Remember us through these tough times and know that we can handle your buying and selling needs. Your Home Listing Specialist can help you with your asset and make the process of listing your home a pleasant experience. The Royal-Skies Team is a team that is devoted to Honesty, Integrity, and Professionalism. Maybe you are looking to buy in the Kingsland, GA or Saint Marys, GA area if you are then please check out Kingsland Georgia Homes For Sale, Saint Marys Georgia Homes For Sale. If you are Military or maybe you are a baby boomer looking to relocate or have gotten orders to move then check out Stay Navy Homes or Costal Georgia Homes. For all your Buying and Selling needs remember The Royal-skies Team at ERA Kingsbay Realty.

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