Housing Recovery? 11.7 Million Unemployed, 89.9 Million Not in Labor Force

Confounded Interest ^ | 04/08/2013 | Anthony B. Sanders

I just spoke on a panel with Rick Sharga and two others on the state of the economy at the REOMAC conference in Dallas. My presentation was called “Headwinds in Housing Recovery: Employment And Government.’dallaspresentation
Here are some additional charts (I was only given 5 minutes). The first is the number of unemployed in the USA which stands at 11.7 million. While this is an improvement since 2009, we only just got below the WORST unemployment numbers of the Carter era.
And the Not in Labor Force has steadily risen to 89.9 million.
Add the two together and you have you 101.7 millions Americans not working!
We are entering another spring/summer slowdown.
This chart points to the structural employment problems in the USA that are not being fixed.
We will not see an actual sustainable housing recovery unless the employment situation improves dramatically.
In other news, Switzerland’s 2 year sovereign yield remains below 0%.
Investors are seeking a port in global economic storm. The US, Japan, German and Swiss sovereign markets continue to attract investors.