Author Archives: marcusmillichap

Hessam Nadji is…

U.S. Labor Market Resoundingly Consistent; November Hiring Maintains Trend of Broad, Steady Growth

December 2, 2016 The pace of hiring in November serves up the latest evidence that U.S. payrolls continue to expand at a steady pace and measures of labor market slack are also tightening. With the U.S. economy on track to add 2.2 million jobs during 2016, the path for the Federal Reserve to raise its […]

Sustained Pace of Hiring Lowers Key Unemployment Rates; Rising Wages Could Intensify Inflation Pressure

November 4, 2016 The labor market maintained a healthy pace of growth in October. In addition, a vigorous rise in wages and upward revisions for the previous two months point to economic growth that will sustain positive forward momentum. Coming after the strong third quarter GDP number of 2.9 percent, October’s employment data reaffirms the […]

Tight Housing Inventory Restraining Home Sales, But Builders May Shift Emphasis to Entry-Level Market

October 26, 2016 For-sale housing inventory fell to a decade low during August, and limited housing stock along with strong demand for homes are beginning to encourage home builders to shift their focus from larger, luxury homes to smaller, entry-level housing. This change could provide some relief to the supply-constrained housing market, though a larger […]

Hiring Positive but Restrained by Tight Labor Market; Wage Pressure Emerging

October 10, 2016 Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years. The downshift to a more tempered pace likely reflects a shortage of qualified workers as unemployment hovers near 5.0 percent. Accelerated wage gains offer some evidence that employers are competing vigorously to fill positions, […]