Fundamentally Speaking: Despite Disappointing Jobs Data, Economic Recovery on Track

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, said the economic recovery remains largely on track despite a disappointing August employment report.

Schnure noted that the gain of 142,000 new jobs in August was a “big disappointment,” especially since “all this year we’ve seen growing strength” with some monthly jobs reports well above the 200,000 level.


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