Fundamentally Speaking: Jobs Report Doesn’t Sour Bigger Picture

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, explained that the commercial real estate sector continues to hold firm despite weakness in the September jobs report.

The Department of Labor reported that nonfarm payroll employment increased by 142,000 in September. Schnure noted that consensus estimates had projected an increase of about 200,000 jobs. In addition, payrolls for July and August were revised downward, while September posted a downward move in average hourly earnings.

Calvin Schnure


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