The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
Call girls in Jeewan Park .Delhi↫8447779280↬ ꧂Escorts Service In Delhi Ncr
JLL Cincinnati Office Employment Update May 2015
1. Office employment trends (12-month change)
Cincinnati
Sources: Jones Lang LaSalle Research, Bureau of Labor Statistics
• The Cincinnati metro continued its steady expansion by recently
adding 14,400 payrolls, year-over-year, bringing total non-farm
employment to 1.04 million. Meanwhile, unemployment fell 1.2
percent to 4.8 percent from the previous year.
• The office employment sector continued its streak of strong jobs
growth, posting an annual net gain of 5,500 jobs according to the
latest data from the BLS. Professional and business services led
the pack, adding 5,900 new jobs, year-over-year. Meanwhile, the
government super sector continued its now eight month streak of
negative jobs growth, dropping 2,100 from payrolls, annually.
• Total U.S. nonfarm employment increased by 223,000 jobs in
April, a healthy uptick after a disappointing March where job gains
totaled just 85,000. The strong April results will help lower
concerns among economists and Wall Street of a hiring slowdown.
• U.S. unemployment decreased 10 basis points to 5.4 percent, its
lowest mark since May 2008. Wages also continued to trend in the
right direction in April, increasing 2.2 percent year-over-year.
Total jobs vs. Unemployment rate
Cincinnati
Office employment update
Metro Cincinnati . May 2015
Cincinnati is driven by a diverse range of office-using tenants, while the bulk of
activity has historically belonged to medical, data, and marketing and branding
firms. The office sector continues to experience new development, with
particular renewed interest in the suburban markets, which ended 2014 with
over 450,000 square feet of office space under construction.
The Cincinnati economy is humming, moving from its slow-gear recovery
stages and now poised for accelerated growth and expansion. A number of
high-profile capital investments announced in 2014 have marked a continually
improving real estate market and metro as a whole, while strengthening
employment figures indicate the growing strength in the Cincinnati labor
market. In fact, the Cincinnati USA Regional Chamber expects local
employment to increase by 2.0 percent through 2015, bringing with it an
increase of nearly 21,000 net new jobs.
Office real estate implications
Job growth/loss by sector (12-month change)
Cincinnati
-2,100
-1,200
-1,000
100
400
1,600
1,700
1,700
5,900
7,300
-4000 -2000 0 2000 4000 6000 8000
Government
Educational & Health Services
Leisure & Hospitality
Information
Other Services
Financial Activities
Mining and Logging
Manufacturing
Professional & Business Services
Trade, Transportation & Utilities
Number of Jobs
(8.0)
(6.0)
(4.0)
(2.0)
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2011
2012
2013
2014
2015
Financial Activities Professional and Business Services Information Government
4.8%Cincinnati unemployment
1.4%Cincinnati 12-month job growth
5.4%U.S. unemployment
2.2%U.S. 12-month job growth 0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
900,000
920,000
940,000
960,000
980,000
1,000,000
1,020,000
1,040,000
1,060,000
1,080,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Peak: 1,069,054 jobsTotal Employment
Unemployment
3.1%