Census Bureau & BLS

August 27, 2008 · 0 comments

In some previous posts, I discussed the fact that population trends are a key defining characteristic of real estate markets. And, I also pointed out that employment trends were a key driver behind population trends.

So, where can you find good information about population and employment trends? Two great places to start are the Census Bureau (the U.S. government agency tasked with collecting data about the U.S. population and economy) and The Bureau of Labor Statistics (BLS) (a part of the U.S. government Department of Labor that’s tasked with collecting facts and statistics around U.S. labor trends).

The Census Bureau collects all kinds of information about people, households, income, etc, including:

Unlike other agencies that provide only historic data, the BLS provides both historic and forward-looking trend data based on various models they have derived.

As an example of how the BLS data can be used, I decided to try to dig up information about employment and population trends in and around Atlanta, GA, where I will likely be starting my investing. Here is just a sample of the data I found:

If you’re doing market research to determine where to invest in real estate, let me suggest you bookmark both of the resources above.


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