Author Archives: marcusmillichap

Hessam Nadji is…

Tight Labor Market Constrains Job Creation

  I I EMPLOYMENT JUNE 2019 I Research Brief Tight Labor Market Constrains Job Creation I Hiring softens, unemployment rate unchanged in May. Employers added 75,000 jobs last month, maintaining a historically low unemployment rate of 3.6 percent. Downward revisions to March and April’s figures offset May’s gains, taking the average number of new hires […]

Low Mortgage Rates and Tight Labor Market Bolster Housing Demand

  I I HOUSING JUNE 2019 I Research Brief Low Mortgage Rates and Tight Labor Market Bolster Housing Demand I Housing outlook rises as mortgage rates fall. Existing home sales fell for the second consecutive month in April, as the higher mortgage rates weighed on demand and the limited supply of available homes left entry-level […]

Steady Retail Sales Momentum Drives Retailer Innovation

  I I RETAIL SALES MAY 2019 I Research Brief Steady Retail Sales Momentum Drives Retailer Innovation I Healthy labor market keeps consumption on solid footing. Retail spending increased steadily in April, rising 3.2 percent on an annual basis and extending a trend of stabilized consumption. The tight job market continues to fuel the retail […]

Unemployment Falls to Record Low; Job Gains Sustain Apartment Demand

  I I EMPLOYMENT MAY 2019 I Research Brief Unemployment Falls to Record Low; Job Gains Sustain Apartment Demand I Improved employment growth supporting historically low joblessness. Employers added 236,000 positions in April, bringing the year’s total job creation to 820,000, which is on par with previous years in this cycle. Expanded hiring activity compared […]