Tag Archives: unemployment

Are educated millennial moms the answer to the employment shortage?

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This month’s unemployment rate is 3.8 percent- a historical low, and for the first time since the statistic has been tracked, there are more unfilled jobs than there are people looking for jobs! The majority of those unemployed are women. Nor surprisingly, more educated women then educated men are unemployed- presumably choosing to stay at home to care for their children.

But the facts are more staggering than you think:Read More

Where are all the workers?

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As of January 2018, roughly 6.3 million job positions in the U.S. remained open but unfilled—a record high.

American companies have been creating about 150,000-200,000 net new jobs per month in recent years, keeping pace with labor force growth.  But, according to the Manpower Group, roughly 40 percent of employers report difficulty filling jobs due to insufficient talent. And it’s not just tech or IT jobs—the jobs gap is impacting the… Read More

Employment Update: July 2016 from New York Research

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The JLL New York Research Team has released their latest report, the New York Employment Update, which is a monthly review and analysis of the local economy and the overall employment situation and dynamics.

Some highlights of the report include an employment pickup that occurred in June, piloted by an 8,000 job-expansion month-over-month. Total employment remains elevated by 1.9 percent year-over-year.

So what does this mean for commercial real estate in the Big… Read More

Positive Y-o-Y employment gains posted by most sectors in February

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NYC Office Employment Update: March 2015

Employment_blogRead JLL New York’s employment update: a monthly snapshot covering key employment statistics and trends and the subsequent commercial real estate implications.

Highlights from the March update include:

  • New York City’s economy added 13,300 new jobs from January to February, pushing total employment to 4,166,400 payrolls.
  • At 6.6 percent, February’s unemployment rate was 1.6 percentage points lower than one year
  • Read More

NYC unemployment rate at post-recession low

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NYC Office Employment Update: January 2015

Employment_blogJLL’s monthly office employment update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the January update include:

  • The city’s unemployment rate remained at 6.3 percent in December, a post-recession low.
  • NYC employment ended 2014 on a new high, reaching 4,102,000 payrolls in December.
  • Professional & business services led job growth, adding 30,700 jobs in
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Seven of the 11 major sectors post year-over-year job gains in NYC

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NYC Office Employment Update: December 2014

Employment_blogJLL’s monthly office employment update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the December update include:

  • In November, the city’s unemployment rate continued to decline, inching to 6.3 percent from 6.4 percent in October
  • With seasonal adjustments, NYC employment remained relatively flat in November, posting an estimated 4,083,000 payrolls
  • Education & health services led employment
  • Read More

NYC employment continues to set new records

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NYC Office Employment Update: August 2014

Employment_blogJLL’s monthly office employment update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the August update include:

  • NYC employment increased by 12,900 payrolls in June when seasonally adjusted.
  • Private sector employment grew by 2.8 percent, representing a significantly larger than usual gain.
  • The NYC unemployment rate lingered at 7.7 percent in June.

Explore the full report… Read More

NYC Employment Update: private sector employment continues to rise

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New York City employment inched upward in April, besting the peak set in February

JLL’s New York City Employment Update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the June update include:

  • The city’s unemployment rate fell to 7.4 percent from 8.3 percent in March. The share of the employed
  • Read More