This is a narration of our weekly Rent and Operating Trends Report.
For much of the past two years, the employment market has been the anchor of the U.S. economy, as strong job growth continuously countered the significant inflation and interest rate headwinds. However, that may be shifting, as the March jobs report missed expectations, the first miss in 12 months. This does not portend doomsday in the employment market; 236,000 new jobs were still added in March. For reference the last growth cycle between 2010 and 2019 averaged roughly 190,000 new jobs per month.
Tune in for more information on multifamily dynamics during the week of April 9th 2023.
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