Economic Update - 6.30.21
Economic Update - 6.30.21

Featured topics:

  • Labor Day Deadline
  • Fannie/Freddie
  • Existing-Home Sales & Prices
  • Single-Family Homes
  • Urban Migration Patterns: "The Donut Effect"
  • Office Demand
  • Covid & Entrepreneurship
  • Jobless Claims
  • Evictions
  • Bank Stress Tests


U.S. companies are increasingly looking to lure workers back to the office, with many now setting Labor Day as the deadline for their employees to return to the office. While many employers have lauded remote work as a success, increasingly, company executives are making the push as concerns arise about the long-term impact of remote work on products and services. According to the BLS, worker output increased in 2020, with labor productivity rising in 45 states and the District of Columbia. However, these data may be misleading, as both economic output and the number of hours worked fell during the pandemic, causing a “double-negative” effect in productivity metrics, showing a notable rise.

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