By Dees Stribling | MHN Online
The Fed can report a better economy, consumer optimism and sentiment can be up, leading and lagging indicators can be better—none of it means much without job growth. Finally, it looks like the U.S. economy is on the path of sustained job growth: according to the Bureau of Labor Statistics on Friday, payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent. It’s the latest in a run of solid gains. For the real estate industry, there have been job gains in industries that indicate higher demand for certain kind of space: in professional and business services (office), food services and drinking places (restaurants), health care (medical office) and in transportation and warehousing (industrial). Employment in construction is up considerably as well.
