October Hiring Positive but Recovery Remains Frail

The pace of hiring in October remains consistent with the moderate GDP performance and reflects the protracted US economic recovery. Similar to prior months, private-sector firms added jobs in professional and business services, leisure and hospitality, and healthcare.

The headline unemployment rate edged down, but has made little progress recently, fluctuating within a narrow band since earlier this year.

The average workweek has held constant, reflecting no acceleration in the number of hours worked over the past 12 months. Consequently, this slack in the labor markets creates little upward pressure on hourly earnings, which currently trails the pace of consumer price inflation and suggests less real take home pay and weaker discretionary spending.

more @ John Stephens’ Blog

 

08
Nov 2011
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It’s Hard to Smoke in Richmond or Pleasant Hill

As of this year, two Bay area towns are among the toughest places in California to be a smoker. After getting failing grades from the American Lung Association, Richmond and Pleasant Hill have cracked down on public smoking in an effort to stop the spread of toxic secondhand smoke.

In Richmond, smoking is prohibited in all multi-family apartments and condominiums. This includes common areas like patios and decks. Smoking must take place at least 25 feet from the building.

Pleasant Hill bans smoking in all multi-family residences over four units. Even if your building is smaller than that, smoking must occur away from doors and windows, and it’s restricted to common areas over 20 feet from a protected apartment.

Fines for violators start at $100, so make sure an experienced property manager is on site to communicate with tenants and mitigate problems before they get out of hand.

03
Nov 2011
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