Kolko Housing

DailyTickerOctober 25, 2013

The September jobs report, delayed two weeks because of the government shutdown, has been released and the results are grim. Employers added just 148,000 non-farm jobs to their payrolls, consensus was for 180,000.

While the immediate effects of this disappointing number are obvious, there are secondary implications that can also send the economy reeling. Jed Kolko, Chief Economist for Trulia.com, tells The Daily Ticker that this jobs report is terrible for housing.