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With nonfarm employment up by 428,000 jobs in April, most economists and business leaders were delighted with Friday’s April jobs report from the Bureau of Labor Statistics. But those in commercial real estate need to read past the top-line numbers to understand what the new data might be saying to the industry.

There were “subliminal messages,” according to commentary by Jeffrey Roach, Chief Economist for LPL Financial sent by email.

 

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