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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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An Honest Look at Unemployment Numbers

An Honest Look at Unemployment Numbers | Simplifying The Market

Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao:

“We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading into a dark winter.”

There’s no doubt that millions of households have been – and continue to be -devastated by the economic downturn caused by the pandemic.

We should, however, put the current situation into perspective. Where we currently stand is much better than where most experts thought we would be at this time. Jed Kolko, Chief Economist of Indeed, explained in his State of the Labor Market that, though the situation is not good, we’re doing better than original expectations:

“Though the labor market rebound is incomplete, it has nevertheless surpassed expectations. In May, after payrolls plunged and unemployment spiked, the Wall Street Journal panel of economic forecasters projected unemployment would be over 11% in December 2020 and not fall below 7% until the first half of 2022 — a milestone already passed in October.”

With the announcement that vaccines should be available soon, we’re not far from the most damaged segments of the economy gaining momentum again.

Jeff Sparshott of the Wall Street Journal recently wrote:

“Even with signs of a recent slowdown, the labor-market recovery since this spring has been stronger than most economists expected. Many now project widespread vaccine distribution will eventually help lift the economy further as businesses are allowed to reopen and consumers feel more comfortable traveling, going to the movies.”

Bottom Line

Though millions of Americans are still out of work, the situation was forecasted to be even direr than it is today. Once a vaccine becomes available, the economy should complete its comeback, and so should the labor market.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
342 Landshark Boulevard Daytona Beach FL 32124
New Listing - 2 hours on site
1 / 92
$409,900
2
BEDS
2
TOTAL BATHS
1,461
SQFT
342 Landshark Boulevard Daytona Beach, FL 32124
Single Family Residence For Sale
- Active

Bring your paradise dreams to life in this popular Dreamsicle Cottage on a quiet CORNER. All the upgrades make this a very special home. Wood cornices adorn living room, guest bedroom windows. Recessed lighting adds to the bright open feeling the Gr

Listing courtesy of Kelley Sarantis of Bob Hodges and Sons Realty
39 Benjamin Drive Ormond Beach FL 32176
New Listing - 2 hours on site
1 / 45
$485,000
3
BEDS
2
TOTAL BATHS
2,942
SQFT
39 Benjamin Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

🏖️ Beachside bliss, banana trees, and sunshine for days? Yes, please! You've seen the phrase ''beachside living at its finest'' before—but this time, it's not just hype. With the Atlantic Ocean a few hundred feet one way and the Hal

Listing courtesy of Michael Metzger of Realty Pros Assured
105 S Spoonbill Drive Palm Coast FL 32164
New Listing - 3 hours on site
1 / 34
$499,900
3
BEDS
2
TOTAL BATHS
2,257
SQFT
105 S Spoonbill Drive Palm Coast, FL 32164
Single Family Residence For Sale
- Active

Discover an unparalleled opportunity for an exceptional Florida lifestyle at 105 South Spoonbill Drive, nestled within the desirable gated community of Grand Landings! This meticulously maintained home offers not only serene lake views from its expan

Listing courtesy of Megan Hedrick of Mark Spain Real Estate

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Related posts:

  1. Should We Be Looking at Unemployment Numbers Differently?
  2. The Latest Unemployment Rate Fell to 8.4%
  3. The Shocking News in the Unemployment Report
  4. The Latest Unemployment Report: Slow and Steady Improvement

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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