Top of Mind The Key Labor Market Trends Shaping Real Estate Today
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Nick Bunker, Director of North American Economic Research at Indeed, for a deep dive into the employment trends that are driving today’s housing market. Nick offers his take on how the strong labor market may mitigate recession risk, what’s happening with wage growth and what this means for housing affordability, and how we know remote work is here to stay. He also gives us a behind-the-scenes look at the data Indeed uses to see trends before they hit the headlines.
About Nick BunkerNick Bunker is the Director of North American Economic Research at Indeed. He’s a labor economist with extensive experience discovering insights into economic data and communicating them to a variety of audiences. He’s also a widely-cited labor market commentator whose analysis has been used by The Wall Street Journal, The New York Times, NPR, NBC, CBS, and others.
Here’s a glimpse of what you’ll learn:- Whether today’s strong labor market will help us escape a recession
- Which specific signals to watch to know if we’re going to avoid a recession
- What Indeed data tells us before the rest of the economic headlines
- What’s happening with wage growth, what to expect, and why this matters
- Why tech layoffs aren’t necessarily a leading indicator for the broader economy
- What recent wage growth means for housing affordability
- How we know remote work is here to stay and what that means for housing
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. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
Resources mentioned in this episode:- Nick Bunker on LinkedIn
- Nick Bunker on Twitter
- Indeed
- Indeed Hiring Lab
- Indeed Hiring Lab’s Real-Time Job Posting Data
- Mike Simonsen on LinkedIn
- Altos Research
https://twitter.com/altosresearch
https://twitter.com/mikesimonsen
See you next week!
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