The map illustrates the “underemployment” rate by state. Have you ever wondered how these statistics are complied? We are overloaded with statistics and none are positive. All I know is that the real estate industry is in a state of malaise. This economy reminds me of the Carter years except the interest rates are about 14% apart! Looking forward, the GDP trend is what to watch and not the unemployment or underemployment rates.
The peak of the week post is to look back and to peek forward. With the price of gas continuing to trend up, consumer spending will also suffer – choice may be bread or gas? Thus the spiral will continue. My motto during the Carter years was “nice but not necessary”. I think this approach is appropriate today and in the future.
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