Des Moines Real Estate Blog

Your Economist of Choice, Your Realtor of Choice

  • Adam Van Lin, Realtor
    Burnett Realty
    10200 Hickman Rd. #100
    Clive, Iowa 50325
    Cell 515.344.1068
    Fax 515.331.3401
    Licensed in Iowa

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Employment in Des Moines

Posted by adamvanlin on July 16, 2011

Here is the current level of employment and the unemployment rate for the Des Moines area.  Most people tend to follow the unemployment rate.  Why?  I don’t know.  Maybe because it is easy to understand and its a small number.  Who knows.  There are several things “quirky” with the unemployment rate, including but not limited to 1) it doesn’t include “discouraged” workers or those not looking for a job. 2) it doesn’t include those working part-time who would like to work full-time.  Anyway, I figure since a lot of people pay heed to the statistic, I better provide a chart.  Alas…

BUT… a better statistic to follow, especially when tracking the housing market, is employment.  It’s simple.  Employed people buy houses.  When employment goes up, demand for housing goes up and prices follow, and vice-versa.  By analyzing the past 10 years, we can see that there is generally some lag time, about 1 – 2 years.  That makes sense, as you don’t usually buy a house as soon as you get a job (unless it’s a really good one).  Here is the employment chart for May.  I’ll go more into the numbers when they come out for June, which should be any day now.

Ps.  You can click on any of the graphs to view a larger image!

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