Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

Why The Labor Market May Recover Faster Than Previous Recessions

By Odeta Kushi on May 6, 2020

The coronavirus pandemic continues to significantly impact the domestic and global economy. Weekly unemployment claims in April have broken records and consumer confidence has declined with the worsening economic conditions. More than 18 percent of the labor force has claimed unemployment in the past six weeks. Less than two months ago, the...

Read More

Topics: Income Jobs Report

What Does The Prime-Age Labor Force Participation Rate Mean To Your Paycheck?

By Mark Fleming on June 2, 2018

The Bureau of Labor Statistics’ employment situation report for May signals good news for the housing market, as the unemployment rate hits an 18-year low, and hourly wages continue to increase.

Read More

Topics: Income Jobs Report

The Link Between Wage Growth And House-Buying Power

By Mark Fleming on May 5, 2018

Yesterday, the Bureau of Labor Statistics released the employment situation report for April. Here are the highlights. Total non-farm payroll jobs increased by 164,000 in April. In fact, total non-farm payroll jobs have now increased every month since October 2010. Since that date, the U.S. economy has added more than 17.5 million jobs. The...

Read More

Topics: Housing Income Jobs Report