High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  | 

Jobless Claims Drop, Impacts of Hurricanes Felt in U.S. Labor Market

Last week, the number of unemployment benefit claims unexpectedly dropped by 23,000 to a seasonally adjusted 259,000, according to the Labor Department. Yet, Hurricane’s Harvey and Irma clouded the U.S. labor market picture and affected claims in Texas and Florida, which account for roughly 14% of jobs.

Economists predict the job market will continue to feel the affects of the storms that have already passed, as well as another on the horizon. The four-week moving average of claims, which tends to iron out week-to-week volatility, rose 6,000 to 268,750 last week. That is the highest level since June 2016, and hints at a further slowdown in job growth.

Claims had been forecast to rise to 300,000 in the latest week but remained below the 300,000 threshold for the 133rd straight week, a level considered to be a robust labor market, and the longest stretch since 1970.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at Reuters

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Economy
New call-to-action
New call-to-action
New call-to-action