News

US Payrolls Rise 312,000, Wages Accelerate in Jobs Blowout

Friday, January 04, 2019

U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019. Nonfarm payrolls increased by 312,000 in December, easily topping all forecasts, after an upwardly revised 176,000 gain the prior month, a Labor Department report showed. Average hourly earnings rose 3.2 percent from a year earlier, more than projected and matching the fastest pace since 2009. Meanwhile, the jobless rate rose from a five-decade low to 3.9 percent, reflecting more people actively seeking work. The dollar surged, U.S. stock futures remained higher and Treasuries...
CalChamber Poll: Optimism on Jobs, Anxiety over Cost of Living

Wednesday, December 19, 2018

California voters are feeling better about the economy, but are still anxious about the cost of living, according to the recently released 2018 CalChamber Poll. Nearly two-thirds of voters say that more new jobs have been created where they live, up steadily from just 43 percent in 2015. Job increases have been noticed in every region of the state, including inland California. In addition to more new jobs overall, voters statewide say that most of the jobs being created lead to higher pay, as opposed to being dead-end jobs. A majority of residents in every region of the state, except the Inland...
Southern California Office Markets Offer Diverse Choices for Expanding Businesses

Tuesday, December 18, 2018

By Arlyn Stoik, Principal, Avison Young After more than 24 years in commercial real estate, Avison Young has never been more excited by the multiple, diverse options for expanding businesses in Southern California. Many of us have heard about Southern California’s booming economy. When we focus on commercial real estate, however, we get a much clearer picture of the industries, properties, regional markets, and undiscovered opportunities that underlie the region’s prosperity and promise. It is a region ideally suited to a broad range of users with a diversity of real estate needs. Commercial real estate touches every industry and all of our...
Strong Jobs Growth in October Powers US Economy Forward

Monday, November 12, 2018

The Coalition for a Prosperous America (CPA) praised the latest monthly jobs report, which shows that the U.S. economy continues to grow strongly and create jobs. However, a September trade deficit running 21 percent worse than a year ago means urgent action is required on the trade front. The monthly jobs summary reported 250,000 new jobs in October, including 32,000 new manufacturing jobs. So far this year, U.S. manufacturing has added 296,000 jobs, the best record since 1995. Unemployment remains at a historically low level of 3.7 percent, while 3.1 percent growth in average hourly earnings has finally broken through the 3 percent threshold.  Unfortunately, the latest federal data also reveals serious...