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DALLAS-Though the September, 2012 unemployment figure of 7.8% created some buzz (especially in advance of the general election), October figures from the Bureau of Labor Statistics opened even more eyes, stating as it did, that 171,000 new jobs were created in October (above the forecasted 140,000-145,000). Even more interesting is that, despite the increase in jobs and downward creep of unemployment (7.9% in October), the apartment sector is seeing some softening.

Annual rent growth in October was 3.54%, with year-to-date rent growth, through October, at 4.32%. Occupancy also moved down somewhat to 94.4% in October (versus 94.5% in September).

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