The U.S. economy bounced back following a weak start to the year: job growth was 196,000 in March, which was in line with the 2018 average monthly gain of 204,000 jobs. The revised gain for February was 33,000 jobs putting the year-to-date growth at 541,000. In the first three months of 2018, job growth was 683,000. Thus, the current trend shows a deceleration in growth that many had forecasted. Still, many had worried that the economy was slowing. The March numbers assuaged those fears quite a bit: the six-month moving average gain increased to 207,000 jobs, from 192,000 last month.
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Barbara Byrne Denham is a Senior Economist in the research and economics department at Reis, the team responsible for the firm’s market forecasting, valuation, and portfolio analytics services. Throughout her 20-year career, Barbara has written a number of white papers on the commercial real estate market.
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