Despite employment growth in August falling below expectations, the overall U.S. unemployment rate held steady at 4.9 percent as growth in the workforce aligned with employment gains.
October 2016 U.S. employment update and outlookJLL
While September saw relatively average job growth, market fundamentals are steady and momentum remains as wage growth rose once again and consumer confidence continued its rise.
US employment rate data and trends – December 2016 JLL
A muted December capped off a slower, more inconsistent 2016. Job creation over the course of 2016 totaled nearly 2.2 million jobs, a 21.4-percent lower figure than the more than 2.7 million jobs created in 2015. Monthly gains averaged 180,000 vs. the 229,000 in 2015, largely as a result of talent shortages in major markets.
November 2016 U.S. employment update and outlookJLL
October's 161,000 net new jobs missed expectations, but unemployment still dropped to 4.9 percent, as signs point to a potential interest rate hike in December.
The Federal Government has spent almost $32 billion on cybersecurity-related expenditures in the past 10 years. More importantly, the cyber spending boom shows no sign of slowing, as spending increased 281 percent from 2006 to 2014 (an average of 22 percent annually). This historic growth in cyber spending runs counter to the greater trend in Federal Government spending that has led to a relatively modest increase of 4.2 percent annually over the same time period.
As the world becomes increasingly digitized, so has the Federal Government, but individual agencies are not spending on cybersecurity in similar ways. Each agency's funding over the past 10 years tells a unique story.
December 2015 U.S. employment update and outlookJLL
Employers added 211,000 net new jobs in November, but the unemployment rate remained at 5 percent. The Federal Reserve's anticipated interest rate hike is now very likely.
US employment rate data and trends – January 2017JLL
January saw a resurgence in employment growth, adding 227,000 net new jobs with gains witnessed across numerous sectors. A 20-basis-point increase in the labor force participation rate boosted pushed unemployment up slightly to 4.8 percent, although it remains near cyclical lows.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
October 2016 U.S. employment update and outlookJLL
While September saw relatively average job growth, market fundamentals are steady and momentum remains as wage growth rose once again and consumer confidence continued its rise.
US employment rate data and trends – December 2016 JLL
A muted December capped off a slower, more inconsistent 2016. Job creation over the course of 2016 totaled nearly 2.2 million jobs, a 21.4-percent lower figure than the more than 2.7 million jobs created in 2015. Monthly gains averaged 180,000 vs. the 229,000 in 2015, largely as a result of talent shortages in major markets.
November 2016 U.S. employment update and outlookJLL
October's 161,000 net new jobs missed expectations, but unemployment still dropped to 4.9 percent, as signs point to a potential interest rate hike in December.
The Federal Government has spent almost $32 billion on cybersecurity-related expenditures in the past 10 years. More importantly, the cyber spending boom shows no sign of slowing, as spending increased 281 percent from 2006 to 2014 (an average of 22 percent annually). This historic growth in cyber spending runs counter to the greater trend in Federal Government spending that has led to a relatively modest increase of 4.2 percent annually over the same time period.
As the world becomes increasingly digitized, so has the Federal Government, but individual agencies are not spending on cybersecurity in similar ways. Each agency's funding over the past 10 years tells a unique story.
December 2015 U.S. employment update and outlookJLL
Employers added 211,000 net new jobs in November, but the unemployment rate remained at 5 percent. The Federal Reserve's anticipated interest rate hike is now very likely.
US employment rate data and trends – January 2017JLL
January saw a resurgence in employment growth, adding 227,000 net new jobs with gains witnessed across numerous sectors. A 20-basis-point increase in the labor force participation rate boosted pushed unemployment up slightly to 4.8 percent, although it remains near cyclical lows.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
The unemployment rate dropped slightly to 4.7 percent, but employers added 235,000 new jobs in February, continuing January's strong employment momentum.
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.
May saw the addition of only 138,000 net new jobs, while gains in previous months saw downward revisions. Minimal improvement in retail trade combined with contractions in government and information kept increases down, although professional services, education, health and leisure remained stable.
April’s 211,000 net new jobs were a return to the more robust growth rates seen over the past two years, although March figures were revised down once again to 79,000 jobs. Unemployment fell by 10 basis points to another cyclical low of 4.4 percent in April.
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
October 2017 U.S. employment update and outlookJLL
After more than 80 consecutive months of growth, the U.S. labor market saw its first contraction, losing 33,000 jobs in net terms, largely a result of Hurricanes Harvey and Irma. The overwhelming majority of losses were concentrated in the leisure and hospitality sector, particularly in Florida (Puerto Rico is not counted in monthly figures), further exacerbating this contraction.
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: 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
The U.S. labor market rebounded to the strong performance seen near the end of 2014, adding 280,000 jobs in May with unemployment changing little, at 5.5 percent. Education, health, professional and business services, and leisure and hospitality led the growth, and while most other industries continued to expand, mining and logging is still unstable as oil prices have yet to stabilize.
Despite somewhat gloomy first-quarter numbers for metrics such as GDP, we expect to see further economic momentum throughout the second half of 2015 and into 2016.
Growth in jobs exceeds population increases in large metro areas, so you can also expect the battle for talent to drive up wages in the coming months.
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.
November 2017 U.S. employment update and outlookJLL
October saw 261,000 net new jobs added, a rebound from a weak September hit with two hurricanes and an initially negative employment growth figure. Revisions brought September back to positive territory, however, extending the expansionary streak to 84 consecutive months of growth. Although unemployment has fallen to 4.1 percent, wage growth has yet to meaningfully improve, remaining below the 3.0-percent threshold and with most industries seeing a slowdown the rate of annual earnings growth.
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.
With 164,000 net new jobs, employment growth in April 2018 maintained the year's solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
Retailers in the leasing process math, demand and performanceSUKRU ASLANYUREK
2nd Shopping Center Planning and Management Semşnar was organized by Maad Retail Studies Center inTehran, Iran, 21-22 October 2013. The participants were top personalities from the development business in İran. The seminar will be an important contibution to the development of the retail industry in İran.
The unemployment rate dropped slightly to 4.7 percent, but employers added 235,000 new jobs in February, continuing January's strong employment momentum.
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.
May saw the addition of only 138,000 net new jobs, while gains in previous months saw downward revisions. Minimal improvement in retail trade combined with contractions in government and information kept increases down, although professional services, education, health and leisure remained stable.
April’s 211,000 net new jobs were a return to the more robust growth rates seen over the past two years, although March figures were revised down once again to 79,000 jobs. Unemployment fell by 10 basis points to another cyclical low of 4.4 percent in April.
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
October 2017 U.S. employment update and outlookJLL
After more than 80 consecutive months of growth, the U.S. labor market saw its first contraction, losing 33,000 jobs in net terms, largely a result of Hurricanes Harvey and Irma. The overwhelming majority of losses were concentrated in the leisure and hospitality sector, particularly in Florida (Puerto Rico is not counted in monthly figures), further exacerbating this contraction.
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: 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
The U.S. labor market rebounded to the strong performance seen near the end of 2014, adding 280,000 jobs in May with unemployment changing little, at 5.5 percent. Education, health, professional and business services, and leisure and hospitality led the growth, and while most other industries continued to expand, mining and logging is still unstable as oil prices have yet to stabilize.
Despite somewhat gloomy first-quarter numbers for metrics such as GDP, we expect to see further economic momentum throughout the second half of 2015 and into 2016.
Growth in jobs exceeds population increases in large metro areas, so you can also expect the battle for talent to drive up wages in the coming months.
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.
November 2017 U.S. employment update and outlookJLL
October saw 261,000 net new jobs added, a rebound from a weak September hit with two hurricanes and an initially negative employment growth figure. Revisions brought September back to positive territory, however, extending the expansionary streak to 84 consecutive months of growth. Although unemployment has fallen to 4.1 percent, wage growth has yet to meaningfully improve, remaining below the 3.0-percent threshold and with most industries seeing a slowdown the rate of annual earnings growth.
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.
With 164,000 net new jobs, employment growth in April 2018 maintained the year's solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
Retailers in the leasing process math, demand and performanceSUKRU ASLANYUREK
2nd Shopping Center Planning and Management Semşnar was organized by Maad Retail Studies Center inTehran, Iran, 21-22 October 2013. The participants were top personalities from the development business in İran. The seminar will be an important contibution to the development of the retail industry in İran.
The overall cost of operating within the life sciences industry is rising due to increased lab rents in top-tier clusters, R&D costs and higher wages for skilled employees.
Life sciences real estate vacancy rates remain unfathomably low in top clusters like Boston and the Bay Area, and asking rents continue to rise. Meanwhile, secondary markets like Denver are seeing an uptick in leasing activity, and as vacancy rates slide these clusters are quickly becoming supply-constrained as well.
See how the country's top markets fare in our ranking report, and get an overview of four key industry themes to keep an eye on.
Learn more at: http://bit.ly/life-sciences-outlook-2016
Pause the workplace debate: ask these 4 questions firstJLL
To achieve meaningful results from workplace transformation, you need to first understand what drive performance and client experience for your organization. Join the conversion on twitter #RethinkWorkplace or visit: http://bit.ly/1ehZCY1
Hype or necessity - recruiting prospective tenants from overseas that will dr...Aisling Cullen
The shopping mall sector is facing increasing competition not just for consumer attention, but also for the attention of retailers. With an oversupply of malls and an increasing supply in the pipeline, mall owners are clamouring to build the best tenant mix that attracts the highest footfall so they can remain in pole position.
Attracting these trendsetting brands isn’t easy. They can be demanding - requesting special deals in prime locations and capital contributions. But how do you get these retailers to bite in the first place and is it possible to convince these retailers to come to your mall without slashing your rental budget?
In this segment I will be discussing:
• Creating a point of difference in your mall with tenant mixing and positioning
• Trend spotting new retailers and concepts
• Retailer Clustering
• What do retailers want?
• Attracting overseas retailers to your mall
• How to balance the cost impact of a new retailer against budgets
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.
With 213,000 net new jobs added in June, the labor market’s expansion now totals 92 consecutive month, placing it among the longest periods of post-war expansion.
Remarkably, gains have been found largely across industries, although retail trade posted contraction of 21,600 jobs after showing signs of recovery earlier in the year.
A slight boost to the participation rate pushed unemployment up 20 basis points to 4.0 percent, however.
May’s 223,000 net new jobs represented the 91st consecutive month of growth, further extending an already unprecedented expansionary cycle. Since early 2017, the change in employment compared to the previous cycle has been higher than growth in the civilian labor force, leading to rapid declines in unemployment, which now stands at just 3.8%. With the economy showing no meaningful signs of slowdown and inflation rising under the pressure of sustained output growth, the Federal Reserve is on track to continue its program of tightening over the coming quarters.
September 2017 U.S. employment update and outlookJLL
The national labor market saw 156,000 net new jobs added in August, a solid figure but below expectations. Additionally, previous months registered downward revisions to job growth, muting some of the rebound witnessed during the summer. Continuing a trend that has intensified in recent quarters, a lack of skilled workers combined with minimal unemployment and external difficulties such as housing affordability in tech hubs have significantly slowed tech growth over the year. Even with inconsistent inflation, sustained job growth could likely encourage another Federal Reserve rate hike in the near term.
The unemployment rate dropped yet again in June, to 6.1 percent. However, total unemployment, which dropped only 10 basis points in June to 12.1 percent, is still double that official rate.
Total non-farm employment increased by 288,000 jobs, making June the fifth consecutive month of growth over 200,000 net new jobs. And, this growth was diverse, with the top three industry markets contributing only one-half of new jobs, and all but two subsectors showing net growth.
See more employment data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
Additional office market research at: http://bit.ly/1znn4KF
The U.S. labor market added 209,000 net new jobs in in July, marking the second consecutive month of gains of more than 200,000 after a series of wobbly months. Continued growth is placing further downward pressure on unemployment, now at its cyclical low of 4.3 percent.
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
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
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.
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.
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.
February 2015 U.S. employment update and outlookJLL
Factoring in sharp upward revisions in November and December, the labor market has registered 267,750 new jobs each month over the past year, well above average this cycle.
Unemployment is up slightly to 5.7 percent, but that’s because more people are looking for jobs. Labor force participation is now up to 62.9 percent—a promising sign of confidence, though participation is still near record lows.
Other external indicators like consumer confidence, hires, quits and spending all mirror the improvements seen in the labor market of late. We expect them to continue throughout 2015 and into 2016.
See more economic, office and real estate research at http://bit.ly/1CCcWBs
December 2017 U.S. employment update and outlookJLL
Monthly employment growth surpassed the 200,000-mark for a second consecutive month in November, adding 228,000 jobs and countering hurricane-related pauses earlier in the year. Importantly, job growth is still taking place faster than the labor force is capable of expanding and with the participation rate not increasing, placing pressure on employers in primary, secondary and tertiary markets to expand their headcount.
January 2018 U.S. employment update and outlookJLL
December 2017 saw 148,000 net new jobs added to the national labor market, below consensus figures but still healthy. Unemployment held steady at 4.1 percent and is expected to stay flat or decline in the absence of meaningful improvements in labor force participation or accelerated expansion of the labor force. A combination of widespread positive fundamentals, from consumer spending to business investment, is keeping the outlook for 2018 optimistic.
U.S. unemployment rate data and trends: February 2014JLL
U.S. economy added 175,000 jobs in February, representing below-average growth but exceeding some expectations. The unemployment rate increased 10 basis points to 6.7 percent, causing some to blame this winter’s frigid weather on halted growth. Unemployment for high school and college graduates remains lower, and labor force participation among this key demographic is up, though still suppressed. Total unemployment remains above historic norms at 12.6 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
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.
U.S. employment rate data and trends: August 2014 JLL
After months of job creation greater than 200,000, August posted the slowest addition in eight months as sectors across the board registered a summer slowdown of sorts.
This may look discouraging, but improved consumer confidence, job openings that match pre-recession peaks, slowly-but-surely growing quits and a host of other indicators are all pointing in an upward direction—signaling that this is likely an aberration rather than a new normal.
See more real estate and economic research at http://bit.ly/1qHcQQR
Similar to September 2016 U.S. employment update and outlook (20)
Debt funds are increasingly competing with traditional lenders like banks and life companies when it comes to placing debt in commercial real estate deals. But just how prevalent are these relative newcomers? Take a look at the SlideShare to see how debt funds are claiming their slice of the lending pie.
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of March 2018).
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.
The London leasing market has so far remained resilient to slower economic growth. Q3 take-up hit 3.3 million sq ft, bringing the year to date total to 8.1 million sq ft, 18% up on the 2016 total to end Q3, and comfortably ahead of long-term average levels. The rise of flexible offices has been a key feature, accounting for 17% of take-up in 2017.
Three years from the start of the oil slump, employment and commercial real estate fundamentals are finally showing incremental improvement across North America’s energy markets. Examine the key themes in today’s industry and explores challenges and opportunities in seven energy-centric cities across the U.S. and Canada.
JLL Retail: Store closure summary, October 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of October 2017).
Vacancy at the top of the market is slowly moving upward, although levels remain below historic norms. New supply and givebacks upon relocation due to efficiency have begun to and will continue to result in rising vacancy.
JLL Retail: Store closure summary, September 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of September 2017).
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
Central London Office Market Report Q1 2017 | JLLJLL
In the latest edition of the Central London office market report, we explain that while take-up was subdued in Q1, active demand has risen, indicating sustained momentum in the leasing market. The investment market saw the highest trading volumes ever seen in the first quarter, buoyed by an influx of capital from Hong Kong and Germany.
JLL's retail store closure summary - March 2017JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate.
Want the latest report? View this link: https://www.slideshare.net/JLL/jlls-retail-store-closure-summary-august-2017
8 major public transportation expansion projectsJLL
U.S. submarkets with public transportation outperform the national office market for vacancy, rents and development levels. The reason? More and more workers are demanding offices served by public transportation and so are companies to recruit and retain talent.
This shift in market dynamics coincides with the push for more public transportation infrastructure by voters and elected officials across the country. Take a look at some of the largest public transportation projects across the United Sates.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
September 2016 U.S. employment update and outlook
1. U.S. employment situation: September 2013
Release date: October 22, 2013
2016’s volatility continues, but overall
picture remains healthy
U.S. employment situation: August 2016 September 2, 2016
2. August 2016 employment summary
• After a rebound in June and July, volatility returns
- 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, which has at times both sharply
exceeded and underperformed compared to estimates and consensus figures.
- Unemployment once again remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. Due to the
stability of the official rate as well as total and white-collar unemployment in recent months, we believe that the market’s cyclical low in
terms of unemployment has likely been reached.
• Tech is now correcting, but still far outpacing the overall economy
- Throughout 2012 through to early 2016, tech was the star performer of the national economy, posting annual gains in excess of 5.5 or even
6.0 percent consistently. Talent shortages and the inability to sustain such rapid levels of growth have begun to show up in data, with year-
over-year change now at 4.5 percent. Despite this slowdown, tech is still growing 2.6x faster than the overall economy and will remain a
critical component of the labor market.
• Due to mixed figures, Federal Reserve likely to push back rate hike
- The Federal Reserve has been keenly watching jobs figures as a key metric to determine the timing of the next rate hike. While the overall
fundamentals of the labor market remain strong, with the overall economy is approaching its cyclical peak, unemployment consistently
below 5.0 percent, next to no upward movement in initial claims and employment gains relatively diversified, the Federal Reserve is likely to
hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
Source: JLL Research, Bureau of Labor Statistics
2
3. August 2016 U.S. labor market at a glance
+151,000
(71 consecutive months
of growth)
1-month net change
+2,447,000
(+1.7% y-o-y)
12-month change
+781,000
10-year average annual growth
Source: JLL Research, Bureau of Labor Statistics
4.9%
Unemployment rate
-20bp
12-month change in unemployment
62.8%
Labor force participation rate
5,624,000
(+8.8% y-o-y)
Job openings
5,131,000
(-0.3% y-o-y)
Hires
2,723
(+5.7% y-o-y)
Quits
3
4. After two very strong months of rebound, August growth was
more muted at 151,000 new jobs; revisions had little impact
360,000
226,000
243,000
96,000
110,000
88,000
106,000
122,000
221,000
183,000
164,000
196,000
360,000
226,000
243,000
96,000
110,000
88,000
160,000
150,000
161,000
225,000
203,000
214,000
197,000
280,000
141,000
203,000
199,000
201,000
149,000
202,000
164,000
237,000
274,000
84,000
166,000
188,000
225,000
330,000
236,000
286,000
249,000
213,000
250,000
221,000
423,000
329,000
221,000
265,000
84,000
251,000
273,000
228,000
277,000
150,000
149,000
295,000
280,000
262,000
168,000
233,000
186,000
277,000
24,000
271,000
275,000
151,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
2011
2012
2013
2014
2015
2016
1-monthnetchange
4
Source: JLL Research, Bureau of Labor Statistics
5. Unemployment is in its third consecutive month of 4.9 percent
as job and workforce growth are in alignment
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-1,000.0
-800.0
-600.0
-400.0
-200.0
0.0
200.0
400.0
600.0
Unemploymentrate(%)
1-monthnetchange(thousands)
Monthly employment change Unemployment rate
Source: JLL Research, Bureau of Labor Statistics
5
6. Job openings are likely at an inflection point, remaining
relatively consistent throughout late 2015 and so far in 2016
Source: JLL Research, Bureau of Labor Statistics
6
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Jobopenings(thousands)
7. 1.9%
3.0%
3.0%
3.0%
3.0%
3.3%
3.6%
4.7%
4.7%
5.0%
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0%
Mining and logging
Other services
Trade, transportation and utilities
Construction
Manufacturing
Information
Financial activities
Education and health
Leisure and hospitality
Professional and business services
12-month % change in job openings
Facing a talent shortage and sustained demand for services,
PBS job openings continue to outpace other industries
Source: JLL Research, Bureau of Labor Statistics
7
8. 0
1,000
2,000
3,000
4,000
5,000
6,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Hiresandquits(thousands)
Hires Quits
Like job openings, hires and quits are beginning to plateau but
still trending up
Source: JLL Research, Bureau of Labor Statistics
9. Wage growth dropped by 20bp to 2.4 percent, although a similar
decline in inflation kept real earnings growth positive
Source: JLL Research, Bureau of Labor Statistics – CPI data as of March 2016
9
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
2008 2009 2010 2011 2012 2013 2014 2015 2016
12-month%change
Hourly wage growth CPI growth
10. 0.8%
1.5%
1.8%
2.3%
2.5%
2.6%
2.8%
2.8%
3.9%
4.3%
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0%
Mining and logging
Education and health
Other services
Professional and business services
Manufacturing
Trade, transportation and utilities
Financial activities
Construction
Leisure and hospitality
Information
12-month % change in wages
Mining wage growth continues to slow and will likely be flat
by year-end; information and leisure outpacing other sectors
Source: JLL Research, Bureau of Labor Statistics – office-using sectors in red
10
11. -16.0
-14.0
-6.0
-5.6
-4.0
-3.1
-0.8
2.0
3.9
4.0
7.0
14.9
15.0
15.1
22.0
25.0
29.0
36.1
39.0
-20 -10 0 10 20 30 40 50
Durable goods
Manufacturing
Construction
Motor vehicles and parts
Mining and logging
Temporary help services
Utilities
Nondurable goods
Wholesale trade
Information
Other services
Transportation and warehousing
Financial activities
Retail trade
Professional and business services
Government
Leisure and hospitality
Health care and social assistance
Education and health services
1-month net change (thousands)
Monthly figures pulled downward by slight contraction in
construction and below-average PBS and health gains
11
Source: JLL Research, Bureau of Labor Statistics
12. -125.0
-87.0
-37.0
3.4
8.8
29.0
33.3
47.0
50.0
51.2
76.0
164.0
167.0
199.0
293.4
418.0
542.0
556.0
618.0
-200 0 200 400 600 800
Mining and logging
Durable goods
Manufacturing
Utilities
Motor vehicles and parts
Information
Temporary help services
Wholesale trade
Nondurable goods
Transportation and warehousing
Other services
Government
Financial activities
Construction
Retail trade
Leisure and hospitality
Professional and business services
Health care and social assistance
Education and health services
12-month net change (thousands)
618.0
556.0
418.0
293.4
167.0
394.6
Education and health PBS
Leisure and hospitality Retail trade
Financial activities Manufacturing
All other jobs
Over the course of 2016, annual levels of growth have yet to
budge and composition remains consistent
Source: JLL Research, Bureau of Labor Statistics
12
Core subsectors added 83.9 percent
of all jobs over the past 12 months.
14. As with the general labor market, office-using industries saw
much slower growth in August, particularly PBS
-300
-250
-200
-150
-100
-50
0
50
100
150
200
2009 2010 2011 2012 2013 2014 2015 2016
Information Professional and business services Financial activities
Source: JLL Research, Bureau of Labor Statistics
14
15. Tech continues to stabilize and now stands at 4.5-percent
growth, while energy has surpassed its cyclical trough
-11.0
-9.0
-7.0
-5.0
-3.0
-1.0
1.0
3.0
5.0
7.0
9.0
2008 2009 2010 2011 2012 2013 2014 2015 2016
High-tech Energy, Mining, and Utilities Office-using industries Total non-farm
Source: JLL Research, Moody’s. Note: Due to data lags, high-tech employment only available through January 2015.
15
12-month%change(jobs)
16. Initial claims have yet to budge over the course of 2016,
demonstrating economic momentum in spite of volatility
Source: JLL Research, U.S. Department of Labor
16
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
700,000
Claims
Initial claims 4-week moving average
18. Ongoing tech correction has resulted in the Bay Area no longer
being among the fastest-growing labor markets
Source: JLL Research, Bureau of Labor Statistics
18
Austin
3.9%
Seattle-
Bellevue
3.9%
Fort
Lauderdale
4.6%
Orlando
4.1%
Jacksonville
3.6%
Denver
3.7%
19. As with the official unemployment rate, total unemployment is
beginning to reach its trough at 9.7 percent
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
Totalunemployment(%)
Total unemployment U-6 10-year average
Source: JLL Research, Bureau of Labor Statistics
19
20. Balanced increases in the workforce (+176,000) and
employment (+151,000) kept participation flat at 62.8 percent
Source: JLL Research, Bureau of Labor Statistics
20
60.0%
61.0%
62.0%
63.0%
64.0%
65.0%
66.0%
67.0%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Laborforceparticipationrate(%)