X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The most recent US Department of Labor unemployment statistics was good news, sort of. The unemployment rate has fallen to 7.4%, but the bad news is that wages are down, and much of the improvement was in part time jobs. However, the stats also do not count the 6.6 million who say that they want a job but are not counted because they are not actively looking. I am not equipped to translate these statistics to the real estate industry, however I am comfortable observing that real estate, unlike other industries, is beefing-up the mid-level professional ranks as markets recover. Also, real estate recruiting activities are focused across all sectors and functions so stay tuned, real estate is likely to buck the trend and continue a better than average hiring trend. God bless our industry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.