The size of the local labor force declined by 32,000 workers in August. That contraction caused the unemployment rate to decline 40 basis points to 5.7 percent.
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
The local employment market entered its third consecutive month of improving conditions with the unemployment rate declining 50 basis points to 5.9 percent.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
After increasing in July, the local labor market contracted by 2,000 workers in August. Along with that employment held flat, still near a historic high. As a result, unemployment edged down 40 basis points to 3.3 percent.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
Employment increased by 23,000 jobs so the expanding labor force only increased the overall unemployment rate by 30 basis points to 6.3 percent. This is the second consecutive month when unemployment increased.
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
The local employment market entered its third consecutive month of improving conditions with the unemployment rate declining 50 basis points to 5.9 percent.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
After increasing in July, the local labor market contracted by 2,000 workers in August. Along with that employment held flat, still near a historic high. As a result, unemployment edged down 40 basis points to 3.3 percent.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
Employment increased by 23,000 jobs so the expanding labor force only increased the overall unemployment rate by 30 basis points to 6.3 percent. This is the second consecutive month when unemployment increased.
Minneapolis–St. Paul Employment Update | July 2016Carolyn Bates
This year has been filled with milestones for the Minneapolis-St. Paul economy, and once again the metro has achieved its largest ever employment count and labor force: 1.91 million and 1.97 million, respectively.
Additionally, this month marked Minneapolis-St. Paul’s peak employment in professional and business services, a fundamental component to the metro’s economic growth. Over 4 thousand jobs have been added month-over-month, an impressive gain after an addition of 8,500 jobs last month.
At the national level, June saw 287,000 net new jobs added to the U.S. labor market, a return to healthy growth after a weak May that saw gains revised downward to just 11,000 jobs. This is the highest monthly figure in eight months and will be reassuring to decision makers such as the Federal Reserve.
High-performing markets across the U.S. have seen and expect further slowdowns in the rate of job growth as employers run up against talent shortages–a challenge that is especially pertinent to Minneapolis-St. Paul.
Minneapolis–St. Paul Employment Update | August 2016Carolyn Bates
According to the most recent BLS estimates, Minneapolis-St. Paul’s unemployment has ticked up from last month’s 3.1%, yet still sits comfortably below the 4 percent mark. Having the second-lowest unemployment rate in the nation among all large metros offers its own challenges as employers prepare for a potentially looming talent shortage.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Approximately 6,000 jobs have been added in the industry year-over-year.
The U.S. economy saw the addition of 255,000 net new jobs in July, the second consecutive month of healthy additions after a volatile first quarter and next to no growth in May.
Nationally, average weekly wages continue to rise at an annual clip of 2.6 percent, more than double inflation at 1.0 percent. This will boost disposable income and, in turn, personal consumption that drives GDP.
We are officially at the mid-point of the year, and the labor market is still holding up strong. In June 2018, the U.S. Bureau of Labor Statistics added 213,000 jobs, beating economists projections of 195,000 jobs. The Bureau also reported revised job gains for April and May of this year. April's gains increased from 159,000 added jobs to 175,000 jobs and May's jobs improved from 223,000 jobs added to 244,000. This is a net increase of 37,000 jobs for April and May combined. Over the past three months, job gains avered a whopping 211,000 jobs.
Minneapolis–St. Employment Update | April 2016Carolyn Bates
The Minneapolis-St. Paul metro has achieved its largest total employment and labor force in its history: 1.89 million people are now employed in the region, according to the most recent estimates available from the BLS.
Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.%.
At the national level, March employment growth was slightly lower than February, but still strong with 215,000 net new jobs. Unemployment ticked up slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the subsector level, goods-producing segments such as manufacturing fell into contractionary mode, while education, health and retail continue to surpass professional and business services (PBS).
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
Minneapolis–St. Paul Employment Update | September 2016Carolyn Bates
Minneapolis-St. Paul has the second-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Financial services has reached its largest-ever employment count in MSP. The sector has seen steady gains since 2010 and even surpassed pre-Recession highs earlier this year. And once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Nearly 6,000 jobs have been added in the industry year-over-year.
Nationwide, 151,000 net new jobs were created in August, falling below the 250,000+ monthly additions over the previous two months. Although still at average levels of growth, August demonstrated the continued volatility of the labor market in 2016. Unemployment remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. The Federal Reserve is likely to hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
Minneapolis–St. Paul Employment Update | October 2016Carolyn Bates
Minneapolis-St. Paul has the fifth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,300 jobs have been added in the industry year-over-year (Y-O-Y).
While office-using sectors were responsible for 31% of growth this month, educational and health services continue to drive regional employment gains and currently account for 39% of Y-O-Y job growth.
Nationwide, unemployment rose by 10bp to 5.0% in September on the back of rising labor force participation, which also saw a bump to 62.9%. At the same time, initial unemployment claims continue to fall, with the moving average resting near a cyclical low of 250,000 per week.
U.S. job openings have jumped by 3.9% over the year even as employment is only up 1.7%. This signals strong demand by employers but lagging labor force growth that is failing to keep up with demand.
Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors.
This presentation discuss Canada employment trends for April 2016. The emphasis will look at the growth areas in employment including wholesale/retail sectors as compare to jobs loses in the goods producing sector
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Cleveland increased by 17,700 jobs or 1.7 percent year-over-year. Meanwhile, unemployment decreased 20 basis points year-over-year to 6.4 percent.
Minneapolis–St. Paul Employment Update | January 2016Carolyn Bates
The local unemployment rate of 2.7% has once again hit its lowest point since 2001. Coupled with a monthly labor force growth of 10.3 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 34.9 percent of the 12-month total employment growth, while the industrial sectors experienced a gain of 8.1 percent.
At the national level, 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-month increase of 851,000 jobs.
The national rise in hourly earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016 as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
This presentation will look at the data related to metal fabrication. Metal Fabrication is key market segments due to fact it drives many aspects of manufacturing.
Minneapolis-St. Paul Chart of the Week | August 15, 2016Carolyn Bates
According to the most recent BLS data, the Minneapolis-St. Paul metro now employs 197,800 workers in manufacturing industries. This is the largest employment count since November 2008 when the region was rapidly shedding jobs in the midst of a global economic recession.
Peak production employment occurred in August 2000, with over 246,000 jobs in MSP. After years of gradual loss and some small rebounds in the early 2000s, manufacturing employment sat just above 200,000 jobs throughout 2007-2008, a number that will likely be achieved in the next year or two as Minneapolis-St. Paul’s labor pool and economy steadily grow. YTD, an average of 500 manufacturing jobs are added every month.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
U.S. employment update and outlook: January 2015 JLL
December recorded yet another strong month of employment growth. 252,000 net new jobs were added to the national economy, and unemployment dropped by an additional 20 basis points to 5.6 percent.
As a result, roughly 3.0 million jobs have been created over the course of 2014, and we expect this momentum to increase as we start off 2015.
See more economic, office and real estate research at http://bit.ly/1x52B8B
Minneapolis–St. Paul Employment Update | July 2016Carolyn Bates
This year has been filled with milestones for the Minneapolis-St. Paul economy, and once again the metro has achieved its largest ever employment count and labor force: 1.91 million and 1.97 million, respectively.
Additionally, this month marked Minneapolis-St. Paul’s peak employment in professional and business services, a fundamental component to the metro’s economic growth. Over 4 thousand jobs have been added month-over-month, an impressive gain after an addition of 8,500 jobs last month.
At the national level, June saw 287,000 net new jobs added to the U.S. labor market, a return to healthy growth after a weak May that saw gains revised downward to just 11,000 jobs. This is the highest monthly figure in eight months and will be reassuring to decision makers such as the Federal Reserve.
High-performing markets across the U.S. have seen and expect further slowdowns in the rate of job growth as employers run up against talent shortages–a challenge that is especially pertinent to Minneapolis-St. Paul.
Minneapolis–St. Paul Employment Update | August 2016Carolyn Bates
According to the most recent BLS estimates, Minneapolis-St. Paul’s unemployment has ticked up from last month’s 3.1%, yet still sits comfortably below the 4 percent mark. Having the second-lowest unemployment rate in the nation among all large metros offers its own challenges as employers prepare for a potentially looming talent shortage.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Approximately 6,000 jobs have been added in the industry year-over-year.
The U.S. economy saw the addition of 255,000 net new jobs in July, the second consecutive month of healthy additions after a volatile first quarter and next to no growth in May.
Nationally, average weekly wages continue to rise at an annual clip of 2.6 percent, more than double inflation at 1.0 percent. This will boost disposable income and, in turn, personal consumption that drives GDP.
We are officially at the mid-point of the year, and the labor market is still holding up strong. In June 2018, the U.S. Bureau of Labor Statistics added 213,000 jobs, beating economists projections of 195,000 jobs. The Bureau also reported revised job gains for April and May of this year. April's gains increased from 159,000 added jobs to 175,000 jobs and May's jobs improved from 223,000 jobs added to 244,000. This is a net increase of 37,000 jobs for April and May combined. Over the past three months, job gains avered a whopping 211,000 jobs.
Minneapolis–St. Employment Update | April 2016Carolyn Bates
The Minneapolis-St. Paul metro has achieved its largest total employment and labor force in its history: 1.89 million people are now employed in the region, according to the most recent estimates available from the BLS.
Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.%.
At the national level, March employment growth was slightly lower than February, but still strong with 215,000 net new jobs. Unemployment ticked up slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the subsector level, goods-producing segments such as manufacturing fell into contractionary mode, while education, health and retail continue to surpass professional and business services (PBS).
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
Minneapolis–St. Paul Employment Update | September 2016Carolyn Bates
Minneapolis-St. Paul has the second-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Financial services has reached its largest-ever employment count in MSP. The sector has seen steady gains since 2010 and even surpassed pre-Recession highs earlier this year. And once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Nearly 6,000 jobs have been added in the industry year-over-year.
Nationwide, 151,000 net new jobs were created in August, falling below the 250,000+ monthly additions over the previous two months. Although still at average levels of growth, August demonstrated the continued volatility of the labor market in 2016. Unemployment remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. The Federal Reserve is likely to hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
Minneapolis–St. Paul Employment Update | October 2016Carolyn Bates
Minneapolis-St. Paul has the fifth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,300 jobs have been added in the industry year-over-year (Y-O-Y).
While office-using sectors were responsible for 31% of growth this month, educational and health services continue to drive regional employment gains and currently account for 39% of Y-O-Y job growth.
Nationwide, unemployment rose by 10bp to 5.0% in September on the back of rising labor force participation, which also saw a bump to 62.9%. At the same time, initial unemployment claims continue to fall, with the moving average resting near a cyclical low of 250,000 per week.
U.S. job openings have jumped by 3.9% over the year even as employment is only up 1.7%. This signals strong demand by employers but lagging labor force growth that is failing to keep up with demand.
Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors.
This presentation discuss Canada employment trends for April 2016. The emphasis will look at the growth areas in employment including wholesale/retail sectors as compare to jobs loses in the goods producing sector
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Cleveland increased by 17,700 jobs or 1.7 percent year-over-year. Meanwhile, unemployment decreased 20 basis points year-over-year to 6.4 percent.
Minneapolis–St. Paul Employment Update | January 2016Carolyn Bates
The local unemployment rate of 2.7% has once again hit its lowest point since 2001. Coupled with a monthly labor force growth of 10.3 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 34.9 percent of the 12-month total employment growth, while the industrial sectors experienced a gain of 8.1 percent.
At the national level, 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-month increase of 851,000 jobs.
The national rise in hourly earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016 as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
This presentation will look at the data related to metal fabrication. Metal Fabrication is key market segments due to fact it drives many aspects of manufacturing.
Minneapolis-St. Paul Chart of the Week | August 15, 2016Carolyn Bates
According to the most recent BLS data, the Minneapolis-St. Paul metro now employs 197,800 workers in manufacturing industries. This is the largest employment count since November 2008 when the region was rapidly shedding jobs in the midst of a global economic recession.
Peak production employment occurred in August 2000, with over 246,000 jobs in MSP. After years of gradual loss and some small rebounds in the early 2000s, manufacturing employment sat just above 200,000 jobs throughout 2007-2008, a number that will likely be achieved in the next year or two as Minneapolis-St. Paul’s labor pool and economy steadily grow. YTD, an average of 500 manufacturing jobs are added every month.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
U.S. employment update and outlook: January 2015 JLL
December recorded yet another strong month of employment growth. 252,000 net new jobs were added to the national economy, and unemployment dropped by an additional 20 basis points to 5.6 percent.
As a result, roughly 3.0 million jobs have been created over the course of 2014, and we expect this momentum to increase as we start off 2015.
See more economic, office and real estate research at http://bit.ly/1x52B8B
November 2015 U.S. employment update and outlookJLL
October saw the labor market return to form after a two-month slowdown, adding 271,000 net new jobs across industries, in turn bringing down unemployment to 5 percent, the lowest rate seen during the recovery so far.
Notable over the past few months has been a rise in wages in an otherwise low-inflation environment, which will boost the personal expenditures component of GDP in the coming quarters.
October 2015 U.S. employment update and outlookJLL
September’s jobs figures were below expectations, with only 142,000 jobs added and August downwardly revised to 136,000. Although some of this may be attributed to seasonality, strong external fundamentals signal that slower figures may be the result of an impending talent crunch.
Minneapolis-St. Paul employment update | December 2016Carolyn Bates
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
Following 12 consecutive months of employment growth surpassing 200,000 jobs per month, the U.S. labor market slowed down in March, adding just 126,000 net new jobs. In turn, unemployment stayed stable at 5.5 percent, while total unemployment dropped by an additional 10 basis points to 10.9 percent.
Because external indicators, jobless claims and other labor market measures continue to trend in a positive direction, we believe March may have been an aberrant month, and expect further growth ahead.
Minneapolis–St. Employment Update | May 2016Carolyn Bates
The Minneapolis-St. Paul metro’s unemployment rate ticked up slightly to 4.0% from 3.9% while the total labor force shrunk by nearly 3,000 jobs, according to the most recent estimates available from the BLS.
Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.4%.
At the national level, employment growth slowed sharply in April to 160,000 net new jobs, the lowest figure since early 2015. Slow job growth mirrored underwhelming GDP growth of 0.5 percent in Q1 2016. Although labor-market performance was disappointing in April, employee confidence in particular showed a very different story. A record 5.4 million job openings were recorded (+6.1 percent year-over-year) as companies seek to expand their headcounts to handle new demand for goods and services.
The national labor market continues to add jobs and maintain the momentum gained over the past few quarters, with 295,000 jobs added in February alone. Year-to-date, the economy has already seen 534,000 new jobs and is poised to sustain this level of growth over the next 12 to 18 months as other macroeconomic indicators—from consumer spending to bond issuance to business investment—continue their upward trajectory.
Unemployment dropped by 20 basis points to 5.5 percent, also enabling the 30-basis-point drop in total unemployment—which includes those not actively seeking work—to 11.0 percent, down from 11.3.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
U.S. unemployment rate data and trends: December 2013 JLL
After adding 74,000 jobs in December, the U.S. unemployment rate fell 30 basis points to 6.7 percent—though total unemployment, which includes individuals who have stopped actively seeking jobs, stuck at 13.1 percent. The economy has recovered 86.5 percent of jobs lost in the downturn and we’re now 0.9 percent below previous peak unemployment, with office-using employment 47.1 percent higher than the previous peak.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and Jones Lang LaSalle.
Minneapolis–St. Paul Employment Update | February 2016Carolyn Bates
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Minneapolis-St. Paul stood at 1.95 million payrolls, representing an annualized increase of 34,000 jobs or 1.8 percent.
MSP’s office-using sectors accounted for 44.7 percent of the 12-month total employment growth. Non-office sectors, in particular education and healthcare, were the largest job creators of 2015. And year-over-year, the industrial sectors experienced a job loss of 8.2 percent, largely due to contractions in trade, transportation & utilities.
At the national level, 2016 began on a relatively soft note, with only 151,000 net new jobs created during the month. In comparison, the six-month average totals 214,500 new jobs.
Hourly wage growth remains steady at 2.5 percent as inflation is flat and labor shortages, particularly for educated workers and in many metro areas, are becoming more apparent.
U.S. employment update and outlook: November 2014JLL
October records another month of 200,000+ job gains
The U.S. economy saw the addition of 214,000 net new jobs in October. With revisions of earlier months’ data, this makes October the eighth consecutive month with gains surpassing 200,000 jobs.
This steady expansion has helped to push down unemployment, which fell by 10 basis points to 5.8 percent. Total unemployment—which includes detached workers—dropped by 30 basis points to a recovery low of 11.5 percent, also below the long-term average.
See more economic, office and real estate research at http://bit.ly/1wCNyXQ
Minneapolis-St. Paul JLL employment update January 2017Carolyn Bates
Minneapolis-St. Paul maintains it’s fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
New workforce highs were achieved in Education and Health Services and Government while professional and Business services have seen a slight pullback from its recent run in growth. Y-O-Y Education and Health Services claims the top spot creating 9,700 jobs over the trailing 12 month period.
Among office using sectors, all have seen a month to month contraction in growth except information which maintains still a negative overall growth rate, losing 300 jobs Y-O-Y.
Nationwide, unemployment dropped by 30bp over the year to 4.7 percent. Declines in unemployment came as a result of a steadily increasing workforce, marginally boosting participation, and job growth outperforming the rate of expansion in the workforce.
Wage growth continues to outpace inflation, reaching highest rate of increase this cycle.
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Detroit stood at ~2.0 million payrolls, representing an annualized increase of 45,200 jobs or 2.4 percent. Meanwhile, unemployment decreased 2.7 percentage points year-over-year to 6.2 percent.
Minneapolis-St. Paul Employment Update | February13, 2016Carolyn Bates
Minneapolis-St. Paul unemployment gained 60 basis points and fell four spots nationally into an eight place tie with the Indianapolis metro. New workforce highs were achieved in Professional and Business Services and Other Services while Education and Health services saw a slight pullback from its recent run in growth. Y-O-Y Education and Health Services maintained the top spot creating 13,000 jobs over the trailing 12 month period. In contrast, the Leisure and Hospitality sector lost 5,300 jobs in 2016.
Among office using sectors, all have seen a month-to-month contraction in growth except Professional and Business Services which has finished 2016 net positive 12,700 jobs.
Nationwide, unemployment rose for the second consecutive month and now sits at 4.8 percent, boosted by an increase in the labor force participation rate to 62.9 percent. However, the expansion of the civilian labor force is not keeping up with job growth, which will keep slack minimal in the near-term.
Wage growth continues but at a slower pace than December.
July saw the labor market add 157,000 net new jobs, slower than growth in recent months but still positive and healthy overall. A 13,000-job contraction in government employment, combined with a 5,000 financial activities jobs lost in net terms, were partially responsible for this slowdown. At the same time, sustained talent shortages across markets continue to keep growth more volatile than normal.
September 2018 U.S. employment update and outlookJLL
With 201,000 net new jobs, August 2018 rebounded after a slower July 2018, aided by growth in a variety of sectors, most notably a resurgence in transportation, warehousing and wholesale trade.
The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016.
Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses.
Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.
Similar to Chicago JLL employment update - October 2015 (20)
The Indy industrial market continued to grow this quarter. Net absorption has already surpassed last year’s total and completed construction is closing in on last year’s total.
Finance and insurance driving expansions and relocations in the market
As of third quarter, metro employment in the finance and insurance industries finally approached pre-recession levels.
The office market saw substantial leasing activity from firms like Ally Financial which recently relocated 150 employees to the Shoreview Corporate Center with plans to add another 250 jobs by 2017.
Other firms like One Beacon Insurance Group, Securian Financial Group, Travelers Companies, and General Casualty Company have either invested in new space or absorbed existing space in all corners of the Minneapolis-St. Paul market.
Grand Action, a non-profit organization made of the city’s wealthiest benefactors, led the way on three major projects that, starting in the 1990s, transformed downtown Grand Rapids. The
Minneapolis CBD leads in large leasing deals
Vacancy rates in Minneapolis CBD continue their trend of shrinking every quarter. Vacancy at IDS Center declined 250 basis points since 2014 and the building now has its lowest quarterly vacancy in recent years. The demand for premium downtown office space is substantial and even co-working firms are getting in on the craze. Recently, two shared-space companies out of Chicago, Industrious and Assemble, leased a collective 36,000 sf with plans to rent out collaborative workspace to entrepreneurs and small firms by end of year.
Leasing activity and tenant demand in Cleveland looks quite strong. Office employment sectors have recorded sustained jobs growth over the last three years, which is translating into increased tenant demand.
Downtown Detroit is beginning to show its credit worthiness to the capital markets. With interest rates at all time lows but expected to rise in the near future, investors are looking to take advantage.
Total net absorption across the metro equaled 322,977 square feet in the third quarter, a welcome change from the negative absorption posted in each of the previous two quarters.
Manufactured goods constitute 90 percent of Illinois exports and roughly half of the state’s manufacturing output. Last year Chicago area companies accounted for over two thirds of the $68.3 billion worth of exports that originated in Illinois. Metro exports have exhibited steady improvement over the past five years growing by an average of $3.8 billion annually as manufacturing user demand followed suit.
Roughly 60 percent of Chicago’s exports were sent to countries with existing free trade agreements in place. According to the Department of Commerce members of the proposed Trans-Pacific Partnership imported $28.7 billion worth of products from Chicagoland last year. Should TPP move forward escalating trade volumes are likely to impact the local industrial market.
The East submarket has historically outperformed other suburban submarkets given its proximity to Fortune 1,000 companies and the region’s most affluent neighborhoods.
Philadelphia-based HaydenMaguire Real Estate Funds purchased of the Amazon distribution center at 2250 Roswell Drive for $29 million or $52 per square foot.
The East submarket has historically outperformed other suburban submarkets given its proximity to Fortune 1,000 companies and the region’s most affluent neighborhoods.
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
Chicago JLL employment update - October 2015
1. Total jobs vs. unemployment rate: Chicago
Source: JLL Research, Bureau of Labor Statistics
Job growth/loss by sector (12-month change): Chicago
Source: JLL Research, Bureau of Labor Statistics
Industrial employment trends (12-month change): Chicago
Source: JLL Research, Bureau of Labor Statistics
• The size of the local labor force declined by 32,000 workers in August. That
contraction caused the unemployment rate to decline 40 basis points to 5.7
percent.
• As is typically the case, Chicago’s office-using sectors dominated the hiring
by taking 29.8 percent of the 12-month total employment growth while the
industrial sectors accounted for 37.3 percent of the annual growth – both
positive signs for the Chicago real estate market.
• Nationally, September’s jobs figures were below expectations, with only
142,000 jobs added and August downwardly revised to 136,000.
• Office-using industries contributed just 43,000 jobs to September’s growth,
continuing a trend of somewhat muted office-using employment gains. After
a few months of improving fundamentals, the financial activities subsector
saw no new growth, while previously lagging information grew by 12,000 net
new jobs. Due to the national slowdown in growth, this kept office-using
industries’ contribution to national gains at 30.3 percent.
Employment Update
Metro Chicago | October 2015
5.1%U.S. unemployment
2.2%U.S. 12-month job growth
5.7%Chicago unemployment
1.0%Chicago 12-month job growth
5.6%Illinoisunemployment
0.7%Illinois12-month job growth
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
3,100,000
3,200,000
3,300,000
3,400,000
3,500,000
3,600,000
3,700,000
2005 2007 2009 2011 2013 2015
Peak: 3,840,379 jobs
3.9%
unemployment rate
total jobs
-3,700
-2,500
-1,300
900
4,800
5,200
7,000
7,200
9,000
9,300
Manufacturing
Financial Activities
Information
Other Services
Federal Government
Mining and Logging
Leisure & Hospitality
Educational & Health Services
Trade, Transportation & Utilities
Professional & Business Services
Number of Jobs
Office employment trends (12-month change): Chicago
Source: JLL Research, Bureau of Labor Statistics
-30.0
-20.0
-10.0
0.0
10.0
20.0
30.0
2011 2012 2013 2014 2015
Professional & Business Services
Information
Government
Financial Activities
-20.0
-10.0
0.0
10.0
20.0
30.0
2011 2012 2013 2014 2015
Trade, Transportation & Utilities
Manufacturing
Other Services
Mining, Logging & Construction
