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Economic Update | December 18, 2020

Economic Update | December 18, 2020

• The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% month- over-month decline is the slowest rate of improvement since the Spring shutdown. • While improvement is slowing, U-3 has recovered by 8.0% since April, when the rate...
Economic Update | December 4, 2020

Economic Update | December 4, 2020

• According to Moody’s Analytics / REIS reporting, signs of distress are spreading in the retail sector. The sector’s vacancy rate rose by 0.2% to 10.4% in the third quarter, reaching a seven-year high. • Average asking rents declined 0.1% from the previous quarter...