A Slow Jobs Recovery Continues

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Written By H. Pike Oliver

The U.S. Government jobs report released on June 7, 2013, was relatively positive.  The domestic economy added an estimated 175,000 jobs in May 2013.  While the jobs report showed positive progress, it reflects a labor market that continues to be relatively weak as we approach the fourth anniversary of the formal end of the Great Recession--a period that I am beginning to think of as the Long Reset. Bill McBride of Calculated Risk updates the following chart every month.  It shows how we are progressing in the recovery from the Great Recession as compared to the ten other economic downturns we have experienced since the end of World War II.  This most recent job recovery is clearly the weakest experienced during more than fifty years.

2013-06-07 - Calculated Risk Job Recovery Chart

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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