250,000 jobs were added in October, beating expectations. All sectors of the economy reported solid gains, and wage growth for the year is at a post-GFC high.
New research looks into the practice of passing the costs of commercial property tax hikes on to tenants.
Slowing from Q2's 4.2%, GDP growth was a still-strong 3.5% in Q3, driven by a strong 4% gain in consumer spending. The deceleration reflects a downturn in exports and nonresidential fixed investment.
Why hasn’t rental growth climbed higher during this economic expansion?
The U.S. and China recently placed import tariffs on $34 bn of each other’s products. The U.S. has also threatened tariffs on imports from Europe, Canada and Mexico. Should the trade disputes escalate, industrial space demand will likely decline.
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