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Great America Parkway 5200 Great America Parkway was recently sold by Newcastle Partners in a three-property sale.

SAN JOSE—With 223,000 jobs added last month, May became the 92nd straight month of employment additions, at an unemployment rate dropping to 3.8%. The unemployment rate hasn’t been this low since April 2000. For the first time on record, the number of job openings exceeds the number of people out of work and seeking employment, according to the Bureau of Labor Statistics.

At the end of April, job openings stood at 6.7 million while the number of unemployed sat at 6.3 million. But despite this abnormal condition, employers and the economy have found ways to keep employment expanding at a fast pace.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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