HOUSING AND LABOR MARKET TRENDS: UTAH

HOUSING AND LABOR MARKET TRENDS: UTAH

May 2011

Community Development Research

Federal Reserve Bank of San Francisco

National Trends

Unemployment dips below 9%

Unemployment Rate

12 10

8 6 4 2 0

Source: Bureau of Labor Statistics, November 2010

U.S. Unemployment Rate

Recession

Recovery, particularly in labor market, remains elusive

Percent Decline in Employment from Peak

Months Since Start of Recession to Employment Recovery

0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48

0%

1980

1974

1981

1990

-1%

-2%

-3%

-4%

-5%

2007

-6%

-7%

Source: Bureau of Labor Statistics, December 2010

Case-Shiller Index shows continued softness in housing market

Case-Shiller National House Price Index (2000 = 100, Quarterly)

200

180

160

140

120

100 2000

2001

2002

2003

Source: Case - Shiller Home Price Index

2004

2005

2006

2007

2008

2009

2010

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