February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
U.S. office market trends and outlook (Q1 2016) JLL
Outlooks leading into the new year called for further expansion across U.S. office markets. However, stock market tumbles driven by a weakening China and depleted oil prices shifted sentiment from that of a growth perspective to one of increased caution. Despite this, economic and real estate fundamentals remain primarily landlord-favorable through the remainder of 2016.
Learn more, and see market-by-market comparisons, at http://bit.ly/1qrZZGm
Construction activity is shifting nationwide as manufacturing and retail companies make efforts to modernize, create more just-in-time shipping locations and link operations digitally.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
U.S. office market trends and outlook (Q1 2016) JLL
Outlooks leading into the new year called for further expansion across U.S. office markets. However, stock market tumbles driven by a weakening China and depleted oil prices shifted sentiment from that of a growth perspective to one of increased caution. Despite this, economic and real estate fundamentals remain primarily landlord-favorable through the remainder of 2016.
Learn more, and see market-by-market comparisons, at http://bit.ly/1qrZZGm
Construction activity is shifting nationwide as manufacturing and retail companies make efforts to modernize, create more just-in-time shipping locations and link operations digitally.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
Q1 2015 U.S. office market statistics, trends and outlookJLL
Though vacancy remained unchanged at 15.6 percent in Q1, as the year continues we expect it to drop below 15 percent for the first time in a decade. Corporate growth is driving expansionary activity, and tenants are thus faced with increasingly challenging market conditions. Currently more than one-third of all markets are favorable to landlords, and that’s expected to increase to three-quarters. With this leverage, landlords will continue driving rents upward, potentially surpassing a 5.0-percent increase by year end.
Learn more and see market-by-market data at http://bit.ly/1Cfucrv
U.S. law firm revenues are up, but so are office rents.JLL
AmLaw 100 law firm revenue reached a record $81 billion in 2014 and continues to grow at around 4.5% annually. Profits per partner are rising with 16% of AmLaw 100 firms now making over $2.5 million per partner. Office vacancy rates are tightening as CBD Class A vacancy fell to 11.1% in Q2 2015 with some cities like Pittsburgh and Portland below 7%. While more new Class A office space totaling 38.3 million square feet is under construction, a third more than last year, the preleasing rate of 38.1% provides some relief to the tightening market.
U.S. office sector posts lowest vacancy rate of the recovery
In the third quarter of 2014, nearly 15.7 million square feet of office space was absorbed, and through the first nine months of 2014, occupancy levels jumped by 38 million square feet (44.0 percent).
Not only is growth escalating, but it is dispersing. Ninety percent of markets displayed increased occupancy levels compared to year-end 2013 levels and 88.0 percent of markets posted quarterly occupancy gains for the second quarter in a row.
Click through for an overview, then get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1pLKEtk
U.S. office market statistics (Q4 2014) and 2015 outlook JLL
Now at its strongest point in the recovery, the economy grew by nearly 3.0 million jobs in 2014, pushing unemployment to its lowest level since the third quarter of 2008. As a result, markets across the country recorded expansionary activity as corporate confidence grew along with demand for office space. Annual net absorption totaled 54.7 million square feet driving vacancy to 15.6 percent—its lowest point since 2008—a trend expected to continue over the next 24 months.
While challenges exist ahead, including historically low labor force participation and the recent fall in oil prices, forecasts for 2015 and 2016 across the U.S. project the highest growth in more than a decade.
Learn more and see market-by-market data at http://bit.ly/1yy1zss
U.S. Office market statistics, trends and outlook: Q3 2015JLL
The economy is growing and employers across industries are adding jobs, especially in urban and dense markets. As a result, expansionary activity remained the dominant office leasing driver in Q3 2015.
This growth has left primary markets challenged by supply constraints, creating a competitive environment for tenants. Secondary and tertiary markets like Charlotte, Phoenix, Portland and Salt Lake City are now benefitting from economic expansion and investment activity.
Learn more about what’s happening—and what we expect to occur in the coming months—in the U.S. office markets.
Top tech cities: Exploring demand, leasing growth, VC funding and more JLL
See what’s going on in America’s top tech markets, and some key trends we’re seeing nationwide. In this presentation, we explore tech leasing growth, tech company demand in key markets and submarkets (and its impact on office rental rates), where to find the best opportunity for VC funding and more.
Visit http://bit.ly/1Sg3RSN for more on what’s happening in today’s tech markets nationwide.
Construction costs continue to grow nationwide, and many landlords are looking to redevelop existing stock in major markets.
Tenant improvements (TIs) are also gaining momentum, and office landlords are competing for by offering more attractive TI packages. These offerings allow tenants to customize interiors without paying for a full redesign out of pocket, and are a key piece of lease negotiations. The average TI allowance nationwide is $30.00 per square foot, and just over $50.00 per square foot in CBDs.
Construction starts were up in 2014, driven largely by the office and industrial sectors in energy-producing markets, as well as traditional office markets like New York. Even as demand explodes, though, the cost to build is higher than ever thanks to the continued increase in labor and materials costs.
Demand for large retail space has declined as more consumers shop online. Much of the growth in the industrial sector, in fact, is to meet growing demand for shipping and warehousing space.
The Construction Backlog Index is high, indicating that 2015 will be a big year for construction. Industry unemployment rates remain high, so there is large potential employment pool to meet demand. In addition, we expect materials costs to drop.
Due to dropping oil prices, one sector that may see a construction decline in 2015 is energy. This will greatly impact Houston in particular, as it was a hub of construction activity last year.
1) Downtown Detroit is experiencing a renaissance bolstered by large lease announcements like Fifth Third Bank signing a lease for 62,000 square feet to serve as its regional headquarters.
2) Office employment in Detroit grew in 2014, led by gains in the professional and business services sector, though growth tapered somewhat. Unemployment decreased to 6.3%.
3) Landlords in Detroit have begun pushing rents higher due to declining vacancy rates and steady demand gains in recent years. Class A asking rents were up 2.9% year-over-year in Q1 2015.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
1) Effective January 2018, all leases over 12 months will require companies to report operating leases on their balance sheets. This will impact how leases are structured to optimize accounting treatment.
2) The Houston job market saw slower growth than the national average from 2007-2015, though forecasts predict 21,000 new jobs in Houston in 2016.
3) The major property types - office, industrial, retail, multifamily - all saw increased vacancy rates in the fourth quarter, though rents remained stable or increased in most sectors.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
The quarterly economic indicators report for Northeast Ohio in Q4 2010 found signs of gradual economic improvement. Manufacturing employment increased by almost 10,000 jobs and services employment increased by 6,000 jobs compared to Q4 2009. The unemployment rate dropped nearly 1% to 9.3% and initial unemployment claims decreased from 7,100 to 5,600 between Q4 2009 and Q4 2010. Republican John Kasich was elected governor of Ohio and plans to establish JobsOhio, a new not-for-profit corporation, to direct economic development and job creation efforts in the state.
The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016.
Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses.
Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.
U.S. Office market statistics, trends and outlook: Q2 2015 JLL
After a slow first quarter, office market fundamentals made a significant rebound at the close of Q2, undermining suggestions that both economic and office-market growth were slowing. As activity returns—and in many markets, intensifies—much needed supply will offer new opportunities to carry us into latter half of the decade.
Since the start of the year, rents have increased by 2.5%, with some in-demand markets increasing up to 5%. If market momentum continues as we anticipate, rents could reach a 5-7% annual growth rate by year end.
El documento contiene información sobre varios sistemas operativos como Windows 8, Android y iOS. Describe algunas características clave de cada uno como sus interfaces, plataformas compatibles y seguridad. También compara sus vulnerabilidades y capacidades de privacidad.
JLL’s Mid-Year Skyline Update: A Closer Look at OH, MI & PAJLL
JLL's annual Skyline review is back and more advanced than ever before. Register for free to access the floor-by-floor data in roughly 1,200 of our nation’s most prominent towers, including Class A buildings in Cincinnati, Cleveland, Columbus, Detroit and Pittsburgh.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
Q1 2015 U.S. office market statistics, trends and outlookJLL
Though vacancy remained unchanged at 15.6 percent in Q1, as the year continues we expect it to drop below 15 percent for the first time in a decade. Corporate growth is driving expansionary activity, and tenants are thus faced with increasingly challenging market conditions. Currently more than one-third of all markets are favorable to landlords, and that’s expected to increase to three-quarters. With this leverage, landlords will continue driving rents upward, potentially surpassing a 5.0-percent increase by year end.
Learn more and see market-by-market data at http://bit.ly/1Cfucrv
U.S. law firm revenues are up, but so are office rents.JLL
AmLaw 100 law firm revenue reached a record $81 billion in 2014 and continues to grow at around 4.5% annually. Profits per partner are rising with 16% of AmLaw 100 firms now making over $2.5 million per partner. Office vacancy rates are tightening as CBD Class A vacancy fell to 11.1% in Q2 2015 with some cities like Pittsburgh and Portland below 7%. While more new Class A office space totaling 38.3 million square feet is under construction, a third more than last year, the preleasing rate of 38.1% provides some relief to the tightening market.
U.S. office sector posts lowest vacancy rate of the recovery
In the third quarter of 2014, nearly 15.7 million square feet of office space was absorbed, and through the first nine months of 2014, occupancy levels jumped by 38 million square feet (44.0 percent).
Not only is growth escalating, but it is dispersing. Ninety percent of markets displayed increased occupancy levels compared to year-end 2013 levels and 88.0 percent of markets posted quarterly occupancy gains for the second quarter in a row.
Click through for an overview, then get your free copy of our complete report on the state of the U.S. office market, and expectations for the rest of 2014, at http://bit.ly/1pLKEtk
U.S. office market statistics (Q4 2014) and 2015 outlook JLL
Now at its strongest point in the recovery, the economy grew by nearly 3.0 million jobs in 2014, pushing unemployment to its lowest level since the third quarter of 2008. As a result, markets across the country recorded expansionary activity as corporate confidence grew along with demand for office space. Annual net absorption totaled 54.7 million square feet driving vacancy to 15.6 percent—its lowest point since 2008—a trend expected to continue over the next 24 months.
While challenges exist ahead, including historically low labor force participation and the recent fall in oil prices, forecasts for 2015 and 2016 across the U.S. project the highest growth in more than a decade.
Learn more and see market-by-market data at http://bit.ly/1yy1zss
U.S. Office market statistics, trends and outlook: Q3 2015JLL
The economy is growing and employers across industries are adding jobs, especially in urban and dense markets. As a result, expansionary activity remained the dominant office leasing driver in Q3 2015.
This growth has left primary markets challenged by supply constraints, creating a competitive environment for tenants. Secondary and tertiary markets like Charlotte, Phoenix, Portland and Salt Lake City are now benefitting from economic expansion and investment activity.
Learn more about what’s happening—and what we expect to occur in the coming months—in the U.S. office markets.
Top tech cities: Exploring demand, leasing growth, VC funding and more JLL
See what’s going on in America’s top tech markets, and some key trends we’re seeing nationwide. In this presentation, we explore tech leasing growth, tech company demand in key markets and submarkets (and its impact on office rental rates), where to find the best opportunity for VC funding and more.
Visit http://bit.ly/1Sg3RSN for more on what’s happening in today’s tech markets nationwide.
Construction costs continue to grow nationwide, and many landlords are looking to redevelop existing stock in major markets.
Tenant improvements (TIs) are also gaining momentum, and office landlords are competing for by offering more attractive TI packages. These offerings allow tenants to customize interiors without paying for a full redesign out of pocket, and are a key piece of lease negotiations. The average TI allowance nationwide is $30.00 per square foot, and just over $50.00 per square foot in CBDs.
Construction starts were up in 2014, driven largely by the office and industrial sectors in energy-producing markets, as well as traditional office markets like New York. Even as demand explodes, though, the cost to build is higher than ever thanks to the continued increase in labor and materials costs.
Demand for large retail space has declined as more consumers shop online. Much of the growth in the industrial sector, in fact, is to meet growing demand for shipping and warehousing space.
The Construction Backlog Index is high, indicating that 2015 will be a big year for construction. Industry unemployment rates remain high, so there is large potential employment pool to meet demand. In addition, we expect materials costs to drop.
Due to dropping oil prices, one sector that may see a construction decline in 2015 is energy. This will greatly impact Houston in particular, as it was a hub of construction activity last year.
1) Downtown Detroit is experiencing a renaissance bolstered by large lease announcements like Fifth Third Bank signing a lease for 62,000 square feet to serve as its regional headquarters.
2) Office employment in Detroit grew in 2014, led by gains in the professional and business services sector, though growth tapered somewhat. Unemployment decreased to 6.3%.
3) Landlords in Detroit have begun pushing rents higher due to declining vacancy rates and steady demand gains in recent years. Class A asking rents were up 2.9% year-over-year in Q1 2015.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
1) Effective January 2018, all leases over 12 months will require companies to report operating leases on their balance sheets. This will impact how leases are structured to optimize accounting treatment.
2) The Houston job market saw slower growth than the national average from 2007-2015, though forecasts predict 21,000 new jobs in Houston in 2016.
3) The major property types - office, industrial, retail, multifamily - all saw increased vacancy rates in the fourth quarter, though rents remained stable or increased in most sectors.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
The quarterly economic indicators report for Northeast Ohio in Q4 2010 found signs of gradual economic improvement. Manufacturing employment increased by almost 10,000 jobs and services employment increased by 6,000 jobs compared to Q4 2009. The unemployment rate dropped nearly 1% to 9.3% and initial unemployment claims decreased from 7,100 to 5,600 between Q4 2009 and Q4 2010. Republican John Kasich was elected governor of Ohio and plans to establish JobsOhio, a new not-for-profit corporation, to direct economic development and job creation efforts in the state.
The 313,000 net new jobs created in February represented the highest monthly level of job creation since mid-2016.
Growth was found throughout the labor market, with goods-producing sectors such as construction, retail and manufacturing in particular holding firm and, in the case of retail trade, rebounding after months of losses.
Gains were also possible as a result of a sharp increase in labor-force expansion, which boosted labor force participation and kept unemployment at 4.1 percent rather than declining further.
U.S. Office market statistics, trends and outlook: Q2 2015 JLL
After a slow first quarter, office market fundamentals made a significant rebound at the close of Q2, undermining suggestions that both economic and office-market growth were slowing. As activity returns—and in many markets, intensifies—much needed supply will offer new opportunities to carry us into latter half of the decade.
Since the start of the year, rents have increased by 2.5%, with some in-demand markets increasing up to 5%. If market momentum continues as we anticipate, rents could reach a 5-7% annual growth rate by year end.
El documento contiene información sobre varios sistemas operativos como Windows 8, Android y iOS. Describe algunas características clave de cada uno como sus interfaces, plataformas compatibles y seguridad. También compara sus vulnerabilidades y capacidades de privacidad.
JLL’s Mid-Year Skyline Update: A Closer Look at OH, MI & PAJLL
JLL's annual Skyline review is back and more advanced than ever before. Register for free to access the floor-by-floor data in roughly 1,200 of our nation’s most prominent towers, including Class A buildings in Cincinnati, Cleveland, Columbus, Detroit and Pittsburgh.
Re-engineering the workplace for the next generationTransmute
The document discusses re-engineering the workplace for new generations entering the workforce. There are three types of "digital natives" - Gen Y, Gen C, and Gen Z - who use digital media differently. It also outlines the "5 dials of transformation" companies need to focus on to attract and retain new talent. Specifically, it recommends focusing on talent DNA, predictive analytics of social media profiles, end-to-end and reverse mentoring programs, corporate universities, alumni programs, and creating a flexible and meaningful employee experience.
Lease accounting standards are set to to change in 2019, when the new rules will become mandatory. Is your business ready to deal with these new FASB policies? See our timeline of the coming changes.
Do you have the culture to support your work life strategy?
Tor Eneroth, Network Director of Barrett Values Centre and Jacqueline Gwee of aAdvantage Consulting share tools, strategies and a real life case study to help culture managers, HR professionals and change agents implement Work-life strategies effectively.
QuestPro has influenced various staffing practices like permanent placement, contract work, and consulting within the insurance industry. They have been successful in filling roles across different insurance focus areas due to their recruiters' industry expertise, excellent customer service, and advanced technology. QuestPro has placed employees nationwide for insurance claims, sales/marketing, underwriting, executive roles, agency/benefits, and more.
The hotel investment sector has a strong outlook for the year ahead. Strengthening fundamentals are leading to increased transaction volume. Check out the top five signs of a healthy investment market for 2014.
From cloud adoption to data sovereignty, the data center industry is experiencing a host of new change drivers, all while it continues to explode with vigorous growth. Companies are getting smarter about their data and compute strategies, thriving amidst these winds of change.
[Spanish translation] Global CRE Trends Infographic 2013JLL
El documento analiza las tendencias globales en el área inmobiliaria corporativa en 2013. Identifica cinco tendencias clave como el aumento de los requisitos de servicios inmobiliarios, la adopción de nuevos hábitos y estrategias más sofisticadas, la diferencia en exigencias entre países desarrollados y emergentes, y la necesidad de una mentalidad innovadora. También señala que pocos ejecutivos del área inmobiliaria se sienten preparados para satisfacer todas las demandas y que la integración de las funciones inmobiliarias
Changing Winds Ahead: Japan Corporate Real Estate Survey OverviewJLL
The document summarizes key trends from a Japan corporate real estate survey of 31 respondents. Three main trends are identified: 1) enhanced demands from senior leadership for CRE to boost workplace productivity; 2) a mismatch between the demands placed on CRE and its capacity to deliver, risking underperformance; and 3) forward-looking CRE teams stake winning partnerships through outsourcing and collaboration. No CRE leader feels fully equipped to meet rising leadership demands due to structural constraints. However, collaboration between CRE and other functions is already surprisingly intense and expected to grow further.
This article summarizes a study that implemented a standardized venous thromboembolism (VTE) risk assessment protocol and early mobilization program for postoperative patients. The study found that implementing this two-part prevention program significantly decreased rates of deep vein thrombosis and pulmonary embolism in postoperative patients compared to previous rates without these interventions. Specifically, the study used the Caprini Scoring System to assess individual VTE risk and guide prophylaxis, along with requiring nurses to mobilize patients at least three times daily starting on the day of surgery. This standardized approach reduced the likelihood of VTEs compared to the hospital's previous practices.
Dojo is described as the "bizarro" version of jQuery. While they appear similar at first glance, they operate quite differently. Dojo favors a more modular approach where widgets inject HTML into the DOM, servers provide JSON/JavaScript rather than HTML, and progressive enhancement is not a priority. It also has stronger internationalization support and loose coupling between components. Cujo.js takes Dojo's philosophies further with an MVC framework structure.
With many predicting the future of retail as an online-only marketplace, the fate of physical retail has often been in question. However, we found that only about 7.4 percent of all U.S. retail sales actually occur online.
The future of the retail industry should see a mix of online commerce as well as physical stores.
Productivity: The holy grail of commercial real estateJLL
Productivity is often considered the holy grail for Commercial Real Estate. CREs can look beyond space as a way to impact and measure productivity. Explore other areas of opportunity for real estate to impact productivity.
To learn more about how you can leverage innovative workplace strategies that increase employee productivity and reduce real estate costs, visit: www.jll.com/workplace
Grocery stores compete for attention | JLL RetailJLL
As the battle between limited assortment discount grocers, high-end grocers and web-based sales from old and new retailers alike continues, the overall grocery industry is seeing major growth opportunities—especially in the short term.
2015 was a banner year for the grocery industry, led by $10 billion in profits and 77.5 percent of new yearly retail space being built in categories dominated by grocers.
Southern California remains the top destination for retailers—including grocery sellers—with financial struggles for grocery chain Haggen helping to fuel other retailers to expand in the market.
Read more about evolving shopping trends for millennials, how neighborhood and community centers feel the impact of increased grocery competition and why lower-cost grocery options continue to grow nationwide by downloading our complete report.
U.S. employment rate data and trends: August 2014 JLL
After months of job creation greater than 200,000, August posted the slowest addition in eight months as sectors across the board registered a summer slowdown of sorts.
This may look discouraging, but improved consumer confidence, job openings that match pre-recession peaks, slowly-but-surely growing quits and a host of other indicators are all pointing in an upward direction—signaling that this is likely an aberration rather than a new normal.
See more real estate and economic research at http://bit.ly/1qHcQQR
Reducing greenhouse gas emissions one building at a timeJLL
In the United States, since 2007, JLL has delivered $2.5 billion in energy savings to its clients, reduced clients' GHG emissions by 12 million metric tons, saved 20.6 billion KWH, and managed more than 300 LEED projects.
Learn more in this paper, originally written for Fortune's 500 Cares campaign.
November 2015 U.S. employment update and outlookJLL
October saw the labor market return to form after a two-month slowdown, adding 271,000 net new jobs across industries, in turn bringing down unemployment to 5 percent, the lowest rate seen during the recovery so far.
Notable over the past few months has been a rise in wages in an otherwise low-inflation environment, which will boost the personal expenditures component of GDP in the coming quarters.
September 2015 U.S. employment update and outlookJLL
The document summarizes U.S. labor market conditions in August 2015. It finds that job growth was moderately slower than previous months at 173,000 net new jobs, though revisions boosted year-to-date totals. Unemployment fell to 5.1% as the labor force contracted. Wages continued growing above inflation rates, while job openings remained near record highs. Education and health services contributed most new jobs, while manufacturing and mining saw losses. The tech industry remained a leader in employment growth.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
October 2015 U.S. employment update and outlookJLL
September’s jobs figures were below expectations, with only 142,000 jobs added and August downwardly revised to 136,000. Although some of this may be attributed to seasonality, strong external fundamentals signal that slower figures may be the result of an impending talent crunch.
The U.S. labor market added 280,000 jobs in May, bringing year-to-date gains to 1.1 million jobs. Unemployment rose slightly to 5.5% due to an increase in labor force participation. Education and health led employment growth while mining contracted. Silicon Valley saw the highest annual job growth rate of 6% among major markets as tech hiring remained strong.
November 2016 U.S. employment update and outlookJLL
October's 161,000 net new jobs missed expectations, but unemployment still dropped to 4.9 percent, as signs point to a potential interest rate hike in December.
December 2015 U.S. employment update and outlookJLL
Employers added 211,000 net new jobs in November, but the unemployment rate remained at 5 percent. The Federal Reserve's anticipated interest rate hike is now very likely.
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
U.S. employment update and outlook: January 2015 JLL
The U.S. labor market added 252,000 net new jobs in December, bringing total job gains in 2014 to 3.0 million. The unemployment rate declined to 5.6% as consistent job growth outpaced labor force growth. Several industries like construction, education, health and leisure saw strong job additions that offset slower growth in the office-using sector. Overall the report indicates the labor market recovery continued in December with widespread job gains across most states and metropolitan areas.
September 2018 U.S. employment update and outlookJLL
With 201,000 net new jobs, August 2018 rebounded after a slower July 2018, aided by growth in a variety of sectors, most notably a resurgence in transportation, warehousing and wholesale trade.
September 2016 U.S. employment update and outlookJLL
Despite employment growth in August falling below expectations, the overall U.S. unemployment rate held steady at 4.9 percent as growth in the workforce aligned with employment gains.
After a slow March—whose monthly employment growth was revised down to just 85,000 jobs—the U.S. economy rebounded with 223,000 net new jobs in April.
Even with a 10-basis-point increase in labor force participation due to 58,000 new entrants to the workforce, unemployment dropped to 5.4 percent, the lowest rate seen during the recovery so far.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
October 2016 U.S. employment update and outlookJLL
September saw modest job growth of 156,000 new jobs added. While below recent averages, fundamentals remain steady as unemployment rose slightly to 5.0% due to increased labor participation. Job openings are rising faster than employment, signaling strong employer demand but constraints filling positions. Wage growth and consumer confidence both increased on the back of sustained job gains and low inflation.
With 213,000 net new jobs added in June, the labor market’s expansion now totals 92 consecutive month, placing it among the longest periods of post-war expansion.
Remarkably, gains have been found largely across industries, although retail trade posted contraction of 21,600 jobs after showing signs of recovery earlier in the year.
A slight boost to the participation rate pushed unemployment up 20 basis points to 4.0 percent, however.
The US labor market added 213,000 jobs in June, extending the record expansion to 92 consecutive months. Unemployment rose slightly to 4.0% as more people entered the workforce. Job openings hit a new record high of 6.7 million, indicating that employers are struggling to find workers to fill open positions. Inflation rose to 2.8%, outpacing stagnant wage growth of 2.7%, reducing real income. While overall employment growth remains strong, the labor force is not expanding fast enough to meet employer demand.
U.S. employment update and outlook: November 2014JLL
October records another month of 200,000+ job gains
The U.S. economy saw the addition of 214,000 net new jobs in October. With revisions of earlier months’ data, this makes October the eighth consecutive month with gains surpassing 200,000 jobs.
This steady expansion has helped to push down unemployment, which fell by 10 basis points to 5.8 percent. Total unemployment—which includes detached workers—dropped by 30 basis points to a recovery low of 11.5 percent, also below the long-term average.
See more economic, office and real estate research at http://bit.ly/1wCNyXQ
The document summarizes the June 2015 employment situation in Chicago and the United States. In Chicago, employment increased by 15,000 jobs as the labor force expanded by 20,000 workers. The unemployment rate increased slightly to 6.0%. Several sectors drove employment growth including construction, trade/transportation/utilities, professional services, and leisure/hospitality. Nationally, 223,000 jobs were added in June while the unemployment rate fell to 5.3%, its lowest since 2008.
Minneapolis–St. Employment Update | April 2016Carolyn Bates
The Minneapolis-St. Paul metro has achieved its largest total employment and labor force in its history: 1.89 million people are now employed in the region, according to the most recent estimates available from the BLS.
Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.%.
At the national level, March employment growth was slightly lower than February, but still strong with 215,000 net new jobs. Unemployment ticked up slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the subsector level, goods-producing segments such as manufacturing fell into contractionary mode, while education, health and retail continue to surpass professional and business services (PBS).
The document summarizes the May 2015 employment situation in Chicago and the United States. It states that the unemployment rate declined in Chicago to 5.9% due to hiring outpacing individuals leaving the workforce. Key sectors driving expansion in Chicago include construction, trade/transportation/utilities, professional services, and leisure/hospitality. Total US nonfarm employment increased by 280,000 jobs in May, while the national unemployment rate rose slightly to 5.5% and wages increased 2.3% annually.
Similar to January 2016 U.S. employment update and outlook (20)
The July 2018 U.S. labor market report showed:
1) The economy added 157,000 new jobs in July, a slower rate than recent months but still positive overall.
2) The unemployment rate dropped to 3.9% as more new entrants found jobs.
3) Wage growth remains around 2.7%, not keeping up with inflation near 3%, indicating continued worker confidence but challenges for employers to expand headcounts.
May’s 223,000 net new jobs represented the 91st consecutive month of growth, further extending an already unprecedented expansionary cycle. Since early 2017, the change in employment compared to the previous cycle has been higher than growth in the civilian labor force, leading to rapid declines in unemployment, which now stands at just 3.8%. With the economy showing no meaningful signs of slowdown and inflation rising under the pressure of sustained output growth, the Federal Reserve is on track to continue its program of tightening over the coming quarters.
With 164,000 net new jobs, employment growth in April 2018 maintained the year's solid pace. Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains.
A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
Debt funds are increasingly competing with traditional lenders like banks and life companies when it comes to placing debt in commercial real estate deals. But just how prevalent are these relative newcomers? Take a look at the SlideShare to see how debt funds are claiming their slice of the lending pie.
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of March 2018).
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
January 2018 U.S. employment update and outlookJLL
December 2017 saw 148,000 net new jobs added to the national labor market, below consensus figures but still healthy. Unemployment held steady at 4.1 percent and is expected to stay flat or decline in the absence of meaningful improvements in labor force participation or accelerated expansion of the labor force. A combination of widespread positive fundamentals, from consumer spending to business investment, is keeping the outlook for 2018 optimistic.
December 2017 U.S. employment update and outlookJLL
Monthly employment growth surpassed the 200,000-mark for a second consecutive month in November, adding 228,000 jobs and countering hurricane-related pauses earlier in the year. Importantly, job growth is still taking place faster than the labor force is capable of expanding and with the participation rate not increasing, placing pressure on employers in primary, secondary and tertiary markets to expand their headcount.
The document discusses recent trends in the London office market. It notes that speculative development completions have increased since the early 1990s. Leasing market indicators remain strong with high take-up and low vacancy rates. Occupier demand is driven by factors like health, flexibility, and technology. Office investment in central London reached £18 billion in 2017, with over a third of capital coming from overseas, especially Asia and the Middle East. While some forecasts are pessimistic due to Brexit, the document argues the leasing market fundamentals remain sound and submarket performance will continue to vary.
November 2017 U.S. employment update and outlookJLL
October saw 261,000 net new jobs added, a rebound from a weak September hit with two hurricanes and an initially negative employment growth figure. Revisions brought September back to positive territory, however, extending the expansionary streak to 84 consecutive months of growth. Although unemployment has fallen to 4.1 percent, wage growth has yet to meaningfully improve, remaining below the 3.0-percent threshold and with most industries seeing a slowdown the rate of annual earnings growth.
The London leasing market has so far remained resilient to slower economic growth. Q3 take-up hit 3.3 million sq ft, bringing the year to date total to 8.1 million sq ft, 18% up on the 2016 total to end Q3, and comfortably ahead of long-term average levels. The rise of flexible offices has been a key feature, accounting for 17% of take-up in 2017.
Three years from the start of the oil slump, employment and commercial real estate fundamentals are finally showing incremental improvement across North America’s energy markets. Examine the key themes in today’s industry and explores challenges and opportunities in seven energy-centric cities across the U.S. and Canada.
JLL Retail: Store closure summary, October 2017 JLL
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of October 2017).
Vacancy at the top of the market is slowly moving upward, although levels remain below historic norms. New supply and givebacks upon relocation due to efficiency have begun to and will continue to result in rising vacancy.
October 2017 U.S. employment update and outlookJLL
After more than 80 consecutive months of growth, the U.S. labor market saw its first contraction, losing 33,000 jobs in net terms, largely a result of Hurricanes Harvey and Irma. The overwhelming majority of losses were concentrated in the leisure and hospitality sector, particularly in Florida (Puerto Rico is not counted in monthly figures), further exacerbating this contraction.
JLL Retail: Store closure summary, September 2017 JLL
Toys R Us filed for bankruptcy and plans to close underperforming stores and transform others. Perfumania also filed for bankruptcy and will close some stores. Several retailers have credit ratings below satisfactory and future closures may be imminent. More than 5,300 store closures are expected by the end of 2017, with apparel and electronics stores making up almost half. While many stores are closing, some retailers like Lidl and Aldi are expanding aggressively.
September 2017 U.S. employment update and outlookJLL
The national labor market saw 156,000 net new jobs added in August, a solid figure but below expectations. Additionally, previous months registered downward revisions to job growth, muting some of the rebound witnessed during the summer. Continuing a trend that has intensified in recent quarters, a lack of skilled workers combined with minimal unemployment and external difficulties such as housing affordability in tech hubs have significantly slowed tech growth over the year. Even with inconsistent inflation, sustained job growth could likely encourage another Federal Reserve rate hike in the near term.
This document summarizes retail store closure trends in 2017. True Religion filed for bankruptcy and will close 27 stores. Starbucks is closing all 379 Teavana locations. Over 6,800 store closures were announced but only 5,756 specific locations have been identified. Apparel and electronics retailers account for half of 2017 closures. Many closures are due to bankruptcy, especially for apparel and electronics chains. While some retailers like Macy's and T-Mobile are expanding, overall openings still do not offset the high number of closures across the retail industry.
The U.S. labor market added 209,000 net new jobs in in July, marking the second consecutive month of gains of more than 200,000 after a series of wobbly months. Continued growth is placing further downward pressure on unemployment, now at its cyclical low of 4.3 percent.
Vadhavan Port Development _ What to Expect In and Beyond (1).pdfjohnson100mee
The Vadhavan Port Development is poised to be one of the most significant infrastructure projects in India's maritime history. This deep-sea port, located in Maharashtra, promises to transform the region's economic landscape, bolster India's trade capabilities, and generate a plethora of employment opportunities. In this blog, we will delve into the various facets of the Vadhavan Port Development: what to expect in and beyond its completion, and how it stands to influence the future of India's maritime and economic sectors.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
Resume
On June 11-16, several important international events were organized and they are expected
to contribute to Ukraine's resilience and victory: URC2024, the G7 meeting, and the Global
Peace Summit.
According to the IER, real GDP growth slowed slightly to 3.5% yoy in May compared to 4.2%
yoy in April due to significant damage caused by russian attacks on electricity generation.
Restrictions on electricity supply to industry and the population continue: efficient consumption
and the installation of decentralized power generation capacities are a priority.
The Ukrainian Sea Corridor allows an increase in the exports of ores and metallurgical products.
Foreign aid was the lowest in May. However, already in June Ukraine should receive about
USD 4 bn in loans.
In May, as in the previous three months, consumer inflation was slightly above 3% (3.3% yoy).
In June, the NBU again reduced the discount rate – from 13.5% to 13% per annum.
The hryvnia exchange rate has surpassed UAH 40 per dollar due to the growing demand for
cash currency.
The IER is preparing the pub
Forensic Accounting, Tax Fraud and Tax Evasion in Nigeria – Review of Literatures and
Matter for Policy Consideration
Being a Retreat (Pre-Induction) Paper Presented at the Association of National Accountants of Nigeria (ANAN) House, Abuja on Tuesday March 5, 2024.
Chandigarh Call Girls 7339748667 With Free Home Delivery At Your Door
January 2016 U.S. employment update and outlook
1. U.S. employment situation: September 2013
Release date: October 22, 2013
851,000 new jobs over the past three months
confirms sustained domestic momentum
U.S. employment situation: December 2015 January 8, 2016
2. December 2015 employment summary
• 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-
month increase of 851,000 jobs. Overall, the labor market grew by nearly 2.7 million jobs over the course of 2015, down somewhat from the
3.1 million recorded in 2014 due to a moderate pause during the summer.
• With the labor pool at cyclical lows and inflation at 0.0-percent growth over the year due to the continued fall in oil prices, the rise in hourly
earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016
as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures. Among industries,
earnings are increasing fastest in information (+3.8 percent), retail trade (+3.4 percent) and financial activities and construction (+2.9 percent).
• The civilian labor force grew by 466,000 people in December, the highest monthly increase recorded in a year, bringing the participation rate
to 62.6 percent for a second consecutive month of 10-basis-point increase. This jump in people looking for work has resulted in
unemployment remaining unchanged at 5.0 percent (and similarly, total unemployment at 9.9 percent) even as monthly additions maintain
momentum.
• After months of instability and a slowdown, professional and business services (PBS) returned to form in December as well as with revisions
for October, adding 188,000 jobs over the past three months. The diversity of growth characteristic of recent quarters means that this
represented only 22.1 percent of new jobs, however. Information in particular posted a notable pick-up of 16,000 jobs, while financial activities
saw a third consecutive month of double-digit growth.
• Although markets across the country are growing at faster rates, the Bay Area, Texas (excluding Houston) and mid-sized markets in the South
and West continue to be leaders. Silicon Valley’s 12-month change totaled 5.1 percent, the highest of any JLL-tracked market, while Austin,
Charlotte, Fort Lauderdale, Portland, Salt Lake City and Tampa are just some of the secondary and tertiary markets that are outperforming
their peers on a consistent basis. This has been reflected in steady net absorption: these six geographies registered occupancy growth of
more than 5.9 million square feet in 2015, equivalent to 10.8 percent of national net absorption.
Source: JLL Research, Bureau of Labor Statistics
3. December 2015 labor market at a glance
+292,000
(63 consecutive months
of growth)
1-month net change
+2,650,000
(+1.9% y-o-y)
12-month change
+796,000
10-year average annual growth
Source: JLL Research, Bureau of Labor Statistics
5.0%
Unemployment rate
-60bp
12-month change in unemployment
7.0%
10-year average unemployment
5,383,000
(+11.0% y-o-y)
Job openings
5,137,000
(+0.6% y-o-y)
Hires
2,779,000
(+1.9% y-o-y)
Quits
4. 2015 ended on a high note, with upward revisions and 292,000
new jobs in December for a 3-month total of 851,000 jobs
360,000
226,000
243,000
96,000
110,000
88,000
106,000
122,000
221,000
183,000
164,000
196,000
360,000
226,000
243,000
96,000
110,000
88,000
160,000
150,000
161,000
225,000
203,000
214,000
197,000
280,000
141,000
203,000
199,000
201,000
149,000
202,000
164,000
237,000
274,000
84,000
166,000
188,000
225,000
330,000
236,000
286,000
249,000
213,000
250,000
221,000
423,000
329,000
201,000
266,000
119,000
221,000
260,000
245,000
223,000
153,000
145,000
307,000
252,000
292,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Jan-11
Mar-11
May-11
Jul-11
Sep-11
Nov-11
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
Mar-13
May-13
Jul-13
Sep-13
Nov-13
Jan-14
Mar-14
May-14
Jul-14
Sep-14
Nov-14
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
1-monthnetchange
4
Source: JLL Research, Bureau of Labor Statistics
5. A 466,000-person increase in the civilian labor force kept
unemployment at 5.0 percent despite strong job creation
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-1,000.0
-800.0
-600.0
-400.0
-200.0
0.0
200.0
400.0
600.0
Unemploymentrate(%)
1-monthnetchange(thousands)
Monthly employment change Unemployment rate
Source: JLL Research, Bureau of Labor Statistics
5
6. Job openings continue to hover around 5.4 million, with
construction and leisure posting largest monthly increases
Source: JLL Research, Bureau of Labor Statistics
6
0
1,000
2,000
3,000
4,000
5,000
6,000
Jobopenings(thousands)
8. As gas prices continue to tumble, hourly wage growth of 2.5
percent has become significantly more meaningful
Source: JLL Research, Bureau of Labor Statistics
8
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
2008 2009 2010 2011 2012 2013 2014 2015
12-month%change
Hourly wage growth CPI growth
9. -8.0
-6.0
-2.4
1.4
2.4
4.3
8.0
11.0
11.0
14.0
16.0
17.0
23.1
29.0
34.4
45.0
52.6
59.0
73.0
-20 0 20 40 60 80
Mining and logging
Durable goods
Motor vehicles and parts
Utilities
Wholesale trade
Retail trade
Manufacturing
Other services
Financial activities
Nondurable goods
Information
Government
Transportation and warehousing
Leisure and hospitality
Temporary help services
Construction
Health care and social assistance
Education and health services
Professional and business services
1-month net change (thousands)
PBS’ 73,000-job increase in December is a return to form after
a prolonged slowdown earlier in the year
Source: JLL Research, Bureau of Labor Statistics
9
PBS
Education and health
Construction
All other subsectors
Top three
subsectors
responsible for
60.6 percent of
monthly
growth.
10. -131.0
-16.0
11.2
26.9
30.0
46.0
50.0
65.4
68.0
94.2
94.5
99.0
147.0
263.0
274.0
419.0
591.9
605.0
655.0
-200 0 200 400 600 800
Mining and logging
Durable goods
Utilities
Motor vehicles and parts
Manufacturing
Nondurable goods
Information
Wholesale trade
Other services
Transportation and warehousing
Temporary help services
Government
Financial activities
Construction
Retail trade
Leisure and hospitality
Health care and social assistance
Professional and business services
Education and health services
12-month net change (thousands)
Education and health
PBS
Leisure and hospitality
Retail trade
Financial activities
Manufacturing
All other jobs
Surge in PBS brings annual growth close to education and
health; mining and logging remains the major outlier
Source: JLL Research, Bureau of Labor Statistics
10
Core subsectors added 80.4 percent
of all jobs over the past 12 months.
12. Office-using growth totaled 792,000 jobs over the course of
2015, or 30 percent of national gains
-300
-250
-200
-150
-100
-50
0
50
100
150
200
2009 2010 2011 2012 2013 2014 2015
Information Professional and business services Financial activities
Source: JLL Research, Bureau of Labor Statistics
12
13. At 5.9 percent, tech continues to grow more than triple the
national average, while energy drops to -6.6 percent
-11.0
-9.0
-7.0
-5.0
-3.0
-1.0
1.0
3.0
5.0
7.0
9.0
2008 2009 2010 2011 2012 2013 2014 2015
High-tech Energy, Mining, and Utilities Office-using industries Total non-farm
Source: JLL Research, Moody’s. Note: Due to data lags, high-tech employment only available through October 2015.
13
12-month%change(jobs)
14. Tech’s growth, while steady, has spread out geographically due
to a shortage of workers in industry hubs, while energy is at the
opposite spectrum Year-on-year percent employment growth
Source: JLL Research, Bureau of Labor Statistics
14
15. Heading into 2016, initial claims have begun to bottom out at
around 270,000 per week
Source: JLL Research, U.S. Department of Labor
15
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
700,000
Claims
Initial claims 4-week moving average
16. 0
1,000
2,000
3,000
4,000
5,000
6,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
Hiresandquits(thousands)
Hires Quits
The rates of hires and quits have remained remarkably steady in
late 2015 at 3.6 and 1.9 percent, respectively
Source: JLL Research, Bureau of Labor Statistics
17. Silicon Valley has surpassed the 5.0-percent mark, while mid-
sized Southern and Western powerhouses continue to grow
Source: JLL Research, Bureau of Labor Statistics
17
San
Francisco
4.1%
Atlanta
3.4%
Fort
Lauderdale
3.3%
Charlotte
3.3%
Austin
3.9%
Salt Lake
City
3.5%
Silicon Valley
5.1%
Portland
3.5%
18. 0.8%
1.0%
1.2%
1.7%
1.8%
2.0%
2.3%
2.5%
2.9%
3.0%
3.4%
4.1%
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5%
Houston
Chicago
Philadelphia
Los Angeles
Boston
Washington, DC
South Florida
New York
Seattle
Dallas
Atlanta
San Francisco
12-month % change
Most major markets have exceeded the 2.0-percent threshold,
particularly industry hubs and Sun Belt geographies
Source: JLL Research, Bureau of Labor Statistics
18
19. The increase in people looking for work also kept total
unemployment unchanged at 9.9 percent
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
Total unemployment U-6 10-year average
Source: JLL Research, Bureau of Labor Statistics
19
20. The labor force participation rate rose by 10bp in December to
62.6 percent, but is still well below historic norms
Source: JLL Research, Bureau of Labor Statistics
20
60.0%
61.0%
62.0%
63.0%
64.0%
65.0%
66.0%
67.0%
2008 2009 2010 2011 2012 2013 2014 2015
Laborforceparticipationrate(%)