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Fewer Jobs: 2011 vs. 2010

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  • Despite lower home prices and record low mortgage rates, job losses remain a hurdle to home ownership in a large number of markets and have created a pall over consumer confidence in general.
  • Atlanta had 24,300 fewer employed persons in June of 2011 versus the same month a year earlier.
  • This figure was nearly double that of Philadelphia, the market with the 3rd largest decline in employed workers over this same time period.
  • Find more information about employment trends in your market by reading NAR Research’s Local Market Reports for the second quarter of 2011 (log in required).

Ken Fears, Director, Regional Economics and Housing Finance

Ken Fears is the Manager of Regional Economics and Housing Finance Policy. He focuses on regional and local market trends found in the Local Market Reports and the Market Watch Reports . He also writes on developments in the mortgage industry and foreclosures.

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