A Slow Jobs Recovery Continues

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Written By H. Pike Oliver

The U.S. Government jobs report released on June 7, 2013, was relatively positive.  The domestic economy added an estimated 175,000 jobs in May 2013.  While the jobs report showed positive progress, it reflects a labor market that continues to be relatively weak as we approach the fourth anniversary of the formal end of the Great Recession--a period that I am beginning to think of as the Long Reset. Bill McBride of Calculated Risk updates the following chart every month.  It shows how we are progressing in the recovery from the Great Recession as compared to the ten other economic downturns we have experienced since the end of World War II.  This most recent job recovery is clearly the weakest experienced during more than fifty years.

2013-06-07 - Calculated Risk Job Recovery Chart

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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