Search
 

Middle Market Digest: This Week in the South and Mountain Regions

Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years on a national level. Translating openings…

By Lisa Brown | Updated on October 28, 2016

Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years on a national level. Translating openings to actual positions remains somewhat challenging, however, indicating difficulties matching candidates’ skillsets with job requirements. With the unemployment rate at 5% and the under-employment rate under 10%, a thinning pool of prospective workers will exert upward pressure on wages as employers intensify competition for workers. During the past 12 months, average hourly earnings rose 2.6%, according to a report by Marcus & Millichap. Despite healthy job creation and low interest rates, sales of existing single-family homes in some parts of the country have failed to advance as inventory constraints and high prices keep many would-be buyers from purchasing homes. Job growth and higher housing costs do not apply to the southern region, where areas such as Dallas continue its booming ways.—Lisa Brown

BY THE NUMBERS

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.