Sugar High

Last Friday, the Labor Department reported that the US unemployment rate hit its lowest level in almost 50 years. Just 3.7% of the nation’s population were out of work last month. At the same time, employers added 134,000 jobs, marking the 96th consecutive month of gains. 

While underlying strength in the economy is fueling low unemployment, an increasing number of Baby Boomers are retiring, which is reducing the available labor pool. This phenomena of lower unemployment and a dwindling skilled workforce is likely going to continue.

The result is what some economists have coined a “sugar-high,” with the argument that the current situation cannot be sustained.  This may be a bad omen for CEOs and corporate boards, which will increasingly find the executive talent pool short on the caliber of professionals they are looking for.

Still, I don’t buy that argument. There is every indication that the economy is going to continue on its robust pace. There are still plenty of years before the Baby Boomers fully exit the workforce.

Job Listings

MERIDIO  Real Estate Lead  (NEW YORK) Individual will help drive real estate strategy and have responsibility originating assets and sourcing investors to scale the platform. Role will play a critical role in driving platform adoption, new business/revenue, and providing strategic leadership; and be involved in the day-to-day operations, including building/reviewing financial models, reviewing legal documents, leading meetings, and ongoing project management.   FD STONEWATER  Senior Construction Manager  (WASHINGTON, DC / LOS ANGELES) Sr. Construction Manager for Company, focused on government and corporate leased projects (often build-to-suits). Based in either Arlington, VA office or Los Angeles, CA office, position will have high-level management responsibilities in the delivery and sourcing of construction projects around the country.    ALLIANCE RESIDENTIAL CO. Development Manager  (CHARLOTTE, NC) Development Manager will provide hands-on management of all aspects of project development from site selection and acquisition support, consultant management, entitlements and permitting, and oversee construction and pre-lease support through stabilization.   LANTOWER RESIDENTIAL  Financial Analyst, Dallas (DALLAS) Financial Analyst will assist in managing all aspects of multifamily acquisitions and development, and provide critical analysis and creative input.    GRAMERCY PROPERTY TRUST  Construction Project Manager  (FORT WASHINGTON, PA) CPM will oversee construction activities related to new construction, renovations and various capex projects. Position will work closely with the Project Management team, Operations, Asset Managers, Accounting and Investment Team throughout the construction/renovation life of the project.   UNIVERSITY OF FLORIDA OFFICE OF REAL ESTATE  Assistant Director, Office of Real Estate  (GAINESVILLE, FL) Position will report to the Director of Real Estate and will be responsible for managing the real estate portfolio. The Office of Real Estate is responsible for acquisitions and sales of real estate for the University and affiliated entities, formulation of real estate strategies, and negotiation of real estate lease transactions.   HOLLIDAY FENOGLIO FOWLER, L.P. Analyst  (HOUSTON) Position is focused exclusively on the placement of investment advisory, debt and/or equity for commercial real estate transactions. Analysts have the opportunity to be involved in every stage of a transaction, including underwriting, market research, property tours, preparation of offering memorandums, marketing and term sheet negotiation, closing and client meetings and events.    MDHA Director of Community Development  (NASHVILLE) Under direction of the Executive Director and Chief Operating Officer, the Director of Community Development will plan and administer the federally subsidized Community Development, Economic Development, and Disaster Relief programs; and oversee the monitoring and evaluation of the programs ensuring agency and local goals are met.    JL REAL ESTATE DEVELOPMENT  Office Manager and Skilled Nursing  (NEVADA) Duties include: supervising operations of the long-term and skilled nursing facility; formulating company’s administrative system; and improving system every quarter, combining the company development and management needs.   ROCKEFELLER GROUP  Manager of Engineering  (NEW YORK) Responsible for the daily management and administration of the Engineering Department with the objectives of safe, effective and efficient operation and maintenance of the Mechanical, Plumbing, Electrical, HVAC, Plumbing and Fire Alarm systems for the tenants and visitors.