ENCINO, CA-Positive hiring trends nationwide continued in February, which is expected to fuel continued, albeit limited, improvement to the national office sector, the creation of new rental households, an increase in retail spending and stimulation of warehouse demand, according to Marcus & Millichap’s Research Brief blog. Employers added workers for the 17th consecutive month, and strong private-sector job growth is propelling the recovery, encouraging workers to enter the labor force, while the prolonged government employment contraction appears to be coming to an end, the report says.
However, economic experts are cautiously optimistic about job growth indicating national economic recovery due to mixed news on the global front: while the recent restructuring of Greek debt temporarily eased concerns about the European economy, continued tensions in the Middle East have reinforced lingering uncertainty among economists.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.