It's a fairly weak report.
More Quotes from Howard Roth:
The outflow hasn't changed much, but fewer people are coming here. Houses were already unaffordable, but they've become more so in the last two years.Howard Roth
We're seeing increasingly broad-based growth in jobs. It's a little bit better-distributed, which is good.
Howard Roth
The one risk I worry about is a slowdown in residential construction, and if that means a slowdown in construction jobs, that could have a significant impact on job growth totals for the state. A lot of our job gains have been construction and construction-related. At one time, as much as 40 percent of job gains were related to building things.
Howard Roth
It's a rude interruption of that string of nine straight monthly job gains.
Howard Roth
What's happening is not so much that more people are leaving but that fewer people are coming. Our housing prices are pretty daunting, even more so than two years ago.
Howard Roth
It's pretty good job growth. Revised numbers show job growth was stronger than we thought in the second half of last year.
Howard Roth
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