I always enjoy to here good/optimistic news when I log onto my computer in the morning. Well, this morning I read that the New York Times is reporting nationwide job increases. The report says that 162,000 jobs were created in March. Whoa! That is a lot of jobs, especially considering we are supposed to be in the worst recession/depression since The Great Depression.
Of course, my next question is, how does this affect the local economy, and more importantly, the local real estate health. Well, I haven’t seen any stats that are specific to the Logan Utah area, but I have to assume that Northern Utah is going to fare pretty well as the nation recovers. Utah has been able to weather the storm better than most of the nation because of the slow and steady increase in real estate prices. Utah didn’t have the rapid increase that ultimately caused the “Bubble” to break. So my opinion is that Utah will be ahead in the race to recovery, or should I say that is my hope. Let’s stay optimistic U.S., and get out of this mess we’re in. Below is a peice of the article from the NYT.
The American economy added 162,000 jobs in March, the Labor Department reported Friday, while the unemployment rate held steady at 9.7 percent.
In the strongest report since March 2007, private employers added 123,000 jobs in the month.
In its report, the government also said the economic picture in January and February was better than previously thought. The economy added 14,000 jobs in January, compared with a forecast of 26,000 losses. In February, 14,000 jobs were created, compared with the 36,000 losses originally estimated.
Recent strength has come from sectors like….read more
