Will the Job Market Rise to Fuel Housing Recovery?

HousingWire reports an article in The Hill notes with barely four months before the presidential election, the Obama administration has a lot riding on employment figures. With tepid manufacturing numbers in June, a slowdown in China’s economy, and the European debt crisis still festering, analysts anticipate the jobs report due out Fri., July 6, will only show 100,000 new jobs created, not nearly enough to put a dent in unemployment statistics. The Institute for Supply Management (ISM) reports national manufacturing activity dropped from 53.5 in May to 49.7 in June. Any number below 50 indicates a contracting in activity; a reading of 47 would spell recession. As MHProNews.com has learned, the three keys to a significant housing market recovery are jobs, job, and more jobs.

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