If Clicks Were Bricks: Assessing the threat to malls from online shopping
The mall is one of the most successful business models of all time, so its recent loss of traction in the marketplace has caused concern in the U.S. retail property sector. There has been a tendency to attribute the lack of growth to online sales and concomitant growth in the logistics sector, but is e-commerce really the juggernaut of popular perception?
February Jobs Report: Employment growth surprises to the upside, wage growth does not
Employment gains continued to surprise to the upside in February. Meanwhile, wage growth slowed slightly—after the strong January increase that led investors to believe higher wage growth might be imminent. February’s report may quell some of that concern. Hiring increases were broad-based and robust in the construction, retail trade, manufacturing, professional & business services, financial activities, health care and mining sectors.
I recently moved from Boston to Denver and the difference in cost of living served as a welcome income multiplier. I'm not alone in that experience: strong push and pull factors are underpinning U.S. demographic and migration trends (and the local economic strength of markets like Denver, Austin, Nashville, Phoenix and more).