Employment Rates According to Glassdoor

November’s robust employment figures didn’t guarantee an effortless economic transition, but they did provide some relief.

With a 3.7% unemployment rate and the addition of 199,000 jobs, there’s no hint of a recession, let alone a loud proclamation of one.

For now, the U.S. economy can chalk up a small victory, given the daunting challenge of navigating the highest inflation in over 40 years and an uncertain future.

Daniel Zhao, lead economist at Glassdoor, remarked, “Overall, the job market is contributing to a smooth landing. It’s uneventful in all the right ways—a welcome shift after several years of more turbulent reports.”

Despite widespread apprehension leading up to the Labor Department’s nonfarm payrolls report, the specifics were relatively benign.

*Article courtesy of CNBC

For more information about New Jersey or Philadelphia health care space, industrial space, retail space, office space, land or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com. Wolf Commercial Real Estate, is a leading New Jersey and Philadelphia commercial real estate broker that specializes in healthcare, office, retail, land, industrial, and investment spaces.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings and services and property management services for landlords, owners, investors, tenants and more.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their real estate goals.