Tag: Jobs

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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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Fundamentally Speaking: September Jobs Report Shows Economy Gathering Momentum

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, reviewed the September jobs report and what it says about broader economic trends.

Non-farm payrolls rose by 248,000 in September, according to the Bureau of Labor Statistics. “That’s a solid number just by itself,” Schnure said, adding that prior months were also revised upward. “The weakness in late summer was not quite as pronounced as we thought before.”

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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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