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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
111 S Atlantic Avenue 1104 Ormond Beach FL 32176
New Listing - 8 minutes on site
1 / 52
$480,000
2
BEDS
2
TOTAL BATHS
1,131
SQFT
111 S Atlantic Avenue 1104 Ormond Beach, FL 32176
Condominium For Sale
- Active

BEAUTIFUL FURNISHED TOP FLOOR | 180 degree OCEAN VIEWS | TURNKEY & RENOVATED No pending assessments | All major building upgrades and inspections complete! Welcome to your peace of paradise on Ormond Beach! This beautifully updated and completely f

Listing courtesy of Debi Callahan of Adams, Cameron & Co., Realtors
3344 S Ridgewood Avenue Port Orange FL 32129
New Listing - 2 hours on site
1 / 74
$2,250,000
4
BEDS
6
TOTAL BATHS
4,766
SQFT
3344 S Ridgewood Avenue Port Orange, FL 32129
Single Family Residence For Sale
- Active

Tucked away on over 3 acres of secluded paradise in the center of town and just minutes from the beach, this one-of-a-kind estate is a true sanctuary. Thoughtfully designed and custom built by the current owner, the home blends refined luxury, family

Listing courtesy of Bill Navarra of Realty Pros Assured
129 Ocean Aire Terrace S S Ormond Beach FL 32176
New Listing - 4 hours on site
1 / 32
$449,900
3
BEDS
2
TOTAL BATHS
1,456
SQFT
129 Ocean Aire Terrace S S Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

Low maintenance oasis just a short walk from the beach with a BRAND NEW ROOF AND BRAND NEW AC! Located high and dry on an elevated dune lot, this home gives you the utmost in carefree living right by the ocean with brick construction on a concrete sl

Listing courtesy of Alex Bittner of Realty Pros Assured

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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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