US Unemployment Breaches 10%

November 6, 2009

Tweet Unemployment rate numbers were released, and we’re officially in double-digit territory nationwide, 10.2% to be exact. The last time we were over 10% was in 1983.

California Unemployment Up to 11.2%; Silicon Valley At 11% (!)

April 17, 2009

Tweet Last month we posted several pieces of data concerning unemployment in California as forecasted by the UCLA Anderson Forecast, in which they predicted that California Unemployment would peak at around 11.9% by mid-2010. The EDD (Employment Development Department) is out with it’s March 2009 numbers, and California unemployment is already at 11.2%, up .7% from [...]

Industrial Production, Capacity Utilization Declines

April 15, 2009

Tweet Released today were Industrial Product, and Capacity Utilization numbers, and the declines continued: Industrial production fell 1.5 percent in March after a similar decrease in February. For the first quarter as a whole, output dropped at an annual rate of 20.0 percent, the largest quarterly decrease of the current contraction. At 97.4 percent of its 2002 average, [...]

Volume Up (Thanks to Foreclosures); Median Prices Down For Bay Area Residential Real Estate

March 19, 2009

Tweet DataQuick released its February numbers, and they reveal that overall Bay Area real estate prices continue their march down. YoY, median home prices in the Bay Area are off by some 46%. New home builders were perhaps hit the hardest as they were only able to close 321 sales last month, a 55% decline [...]

August 2008 Federal, California, and Silicon Valley Unemployment Numbers

October 3, 2008

Tweet The latest unemployment numbers for August 2008 have been released and the economy continues to trend lower as unemployment nationwide, statewide, and locally have all continued to trend higher. The graph to the right shows the trend over three years, but what we are seeing over a longer time period is that statewide, the unemployment [...]

YoY US and International Investment Sales Down Dramatically in Q1

June 12, 2008

Tweet Though likely not surprising to anybody, year over year investment sales both in the United States and on a worldwide basis are down dramatically. According to a Jones Lang LaSalle (NYSE:JLL) report cited by NREI, first quarter investment sales in the US came in at $39.2 Billion, a number which is down 69% from [...]