WASHINGTON, DC—So much for the theory that the lackluster growthseen at the beginning of the year was due to the terrible weather.This morning the US Labor Department reported thatthe economy created 142,000 jobs in August andunemployment dropped to 6.1% from 6.2%.Economists, however, had been expecting 225,000jobs to be created for the month.
In addition, downward revisions to the prior two months pushedthe average monthly gain over the last three months down to 207,000from 245,000.
"The results were discouraging considering the US economy gainedso much momentum in the early part of the year," ScottHoma, Mid-Atlantic research director forJLL, tells GlobeSt.com.
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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.
