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National Job Numbers are Meh But They Hold Good News for DC

WASHINGTON, DC--JLL Scott Homa said that the presidential election cycle likely acted as a catalyst for legal services hiring in the region, as 1,500 new legal jobs were created in the District of Columbia year-over-year, representing a growth rate of 5.4%.

JLL's Scott Homa JLL’s Scott Homa

WASHINGTON, DC–The Labor Department released its employment numbers for September showing that the US economy added 156,000 positions to the nation’s payrolls. This was below most economists’ expectations for the month and below the revised figures posted in August.

The numbers have a national significance — they will become fodder in the US presidential election campaign, no doubt, and they will almost surely throw sand in the Fed’s interest-rate decision-making machinery.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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