Jobs May Be Increasing, But Wages Are Not

Printer-friendly version
March 07, 2016

It’s a pretty simple equation. The more people with jobs there are, the more people there will be making money. The more people that are making money, the more people there will be saving up to eventually buy a house. But, like most things in life, it is never that simple.

First, here is the good news; February saw a stronger than expected gain in the employment report. However, employment might have grown in February, but wages did not. In fact, wage growth was lower than expected in February and trailed far behind home price appreciation.

While more people might be entering the workforce, it is increasing the demand for housing, but not the affordability. This is especially bad news considering that large home value increases are fueled not by increased wages, but by a lack of supply that already exists in most markets across the U.S., CNBC reports.

Read more

Comments on: "Jobs May Be Increasing, But Wages Are Not"

August 2017

This Month in Professional Builder


Homeowners can expect to spend at least $6,000 a year on average...

Overlay Init