Economy
University of Michigan Survey: Consumer Sentiment Surges, Inflation Outlook Dips
Despite concerns of an impending economic slowdown, a survey released on Friday indicates that consumers are increasingly optimistic about the economy and inflation in early 2024. The University of Michigan’s […]
Read More....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 […]
Read More....Philadelphia’s Education and Medical Economy Leads The Region’s Employment Growth
After losing nearly 520,000 nonfarm jobs peak-to-trough in 2020, the Philadelphia region continues to surpass pre-pandemic employment levels with two industries leading the way: education and health services, and professional […]
Read More....Center City District Says Diversifying Downtown is Key to Philadelphia’s Future
Three years after the start of the Covid-19 pandemic, Philadelphia’s downtown recovery has both challenges and opportunities. Office buildings have been slow to fill back up while restaurants have rebounded. […]
Read More....Interest Rates and Economy Will Affect building Industry in 2023
Especially on the for-sale housing side, the construction market is slowing in the wake of higher interest rates and concerns about a recession in 2023. In November, total construction starts […]
Read More....Warehouse Demand Shows Signs of Cooling for First Time Since Pandemic’s Onset
The softening economy is finally catching up with the nation’s industrial real estate as a pandemic-fueled boom in warehouse demand shows signs of slowing. The U.S. industrial vacancy rate ticked […]
Read More....Here’s why CRE deal volume may not see dramatic slowdown in second half of 2022
Capping off what’s looking to be a robust first half of 2022 for commercial real estate deal flow, at least one major firm is betting on a continued strong outlook […]
Read More....NJEDA COVID-19 Economic Relief Package
NJEDA initiatives aimed at stabilizing and revitalizing local small businesses, midsize businesses, and other early-stage companies. NJEDA has developed an economic stability approach around three core principles 1. Get funding […]
Read More....SBA Disaster Loan Program
The Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the […]
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