Redfish Emerging Markets is pleased to announced the initial posting of what will be a monthly feature - a summary from the Bureau of Labor Statistics of each state’s growth rate in total non farm employment.  Here’s a link right to the free report.  We’ll be updating this report on or about the 10th of every month.

Job growth is critical in driving real estate market growth, and we spend a great deal of time tracking and analyzing job growth parameters in markets all around the country.  Following job growth in your specific markets of choice is of course more important that looking at job growth at the state level, however states that foster healthy job growth tend to have multiple markets that are healthy also.  We’ll be looking at community / market job growth rates in more detail in our newsletters every month, and we look at this data in critical detail in our market reports. 

After some debate over the past couple of years, we’ve chosen to follow a rolling six month average of job growth rates (both by state and in each individual market) - it tends to level out some of the inevitable spikes or drops that occur due to variability in reporting, yet allows tracking of changing trends readily. 

This month - the West is still best - Utah’s red hot job growth rates are cooling a bit, with Wyoming and Montana in close pursuit. 

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