WASHINGTON, DC—No doubt about it: last week's report on job creation in the US economy for the monthof August was disappointing. The US LaborDepartment reported that the economy created 142,000 jobsfor the month; economists, however, had been expecting 225,000 jobsto be added to the nation's payrolls.
By and large economists are sanguine about the miss—many havechalked it up to a one or two month blip. But as we wait to seewhether this assumption is indeed accurate, we have two separatedata points that can provide some comfort.
One is a blog post from Marcus & Millichap thatpoints to the recent upbeat reports on other segments of theeconomy and goes on to predict that the August numbers will"ultimately will have little effect on economic growth in thesecond half of 2014."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
