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Commercial Observer | December 2, 2015 | Bob Knakal

Employment data is perhaps the most important economic metric that impacts the underlying fundamentals of the commercial real estate market. People who have jobs create demand for housing, purchase more goods and services than those that don’t, and fill office, retail and industrial space. From just about any perspective, a 5 percent unemployment rate should be viewed as highly positive. But while it is certainly better than it has been in other years, this rate doesn’t really tell the story when it comes to the health of the job market...

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