“The Great Stay” Economy with Guy Berger
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- Опубліковано 20 гру 2024
- In this episode of the Top of Mind podcast, Mike Simonsen sits down with Guy Berger, Director of Economic Research at the Burning Glass Institute, to talk about “The Great Stay”: how the lack of mobility in an otherwise strong labor market is impacting the housing market
About Guy Berger
Guy Berger is a macroeconomist with expertise in US labor markets, and currently serves as the Director of Economic Research at the Burning Glass Institute. He was previously the Principal Economist at LinkedIn, and has also worked as an economist at Bank of America and the Royal Bank of Scotland. His work includes the creation of novel economic indicators, the development of models linking the macroeconomy to business performance, and the design of economic reports. His commentary has been featured frequently in the media, including the New York Times, Wall Street Journal, Washington Post, CNBC, Bloomberg, Yahoo! Finance and Axios. Guy holds a doctorate in economics from Yale University.
Here’s a glimpse of what you’ll learn:
What is “The Great Stay” economy with the labor market and housing?
Why stagnation in jobs means fewer home sales and why fewer home sales means fewer job openings
How companies are hoarding labor like Americans are hoarding real estate
When will this Great Stay era end?
How the labor market will change with reduced immigration and which sectors will be hit the hardest
Will the Fed pivot in 2025 to growing employment or will we still be fighting inflation?
The most important demographic trends to consider in the next few years
Outlook for the future of jobs in America with big trends like AI and remote work
Resources mentioned in this episode:
The Burning Glass Institute
www.burninggla...
Guy Berger | LinkedIn
/ guyberger
Mike Simonsen on LinkedIn
/ simonsen
Altos Research
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Free Altos Report: altosresearch.com
Altos Guide to Market Data: bit.ly/altos-e...
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Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.
Really interesting conversation Mike!
my company just announced a 10% headcount reduction coming in Jan 2025. estimated to impact about 1,000 employees across the US.
Love the conversation. I find the labor market very interesting. I recommend discussing prime age labor participation and demographic effects from baby boomer retirements and that impact on the labor market.
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great content 💯
How do high property taxes like we have in Chicago effect the housing market?
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