California CRE News In Your Inbox.

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

Sub Markets

Property Sectors


California  | 
Integra Realty Resources' 2022 trends report sees the economy at a moment of qualitative change in the world of work

New Unemployment Claims Fall to Near 49-Year Low in U.S.

The Labor Department reported that initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Sept. 1. That is the lowest level it has been since December 1969.

Private payrolls rose steadily in August, and the sustained labor market strength suggests continued economic growth is ahead. Those factors also add up to the Federal Reserve likely remaining on its course of raising interest rates. The money policy group is expected to do so again this month, which would be the third bump this year.

Chris Rupkey, chief economist at MUFG in New York, told Reuters, “The economy is in overdrive with jobless claims at lows not seen since the 1960s, and this gives the Fed the green light to raise interest rates later this month and take away some of the economy’s punch.”

The highest insured unemployment rates in the week ending August 18 were in New Jersey (2.5), Connecticut (2.2), Pennsylvania (2.0), Puerto Rico (1.9), Rhode Island (1.9), Alaska (1.8), California (1.8), Illinois (1.5), Massachusetts (1.5), and New York (1.5).

The largest increases in initial claims for the week ending August 25 were in New York (+4,853), Michigan (+927), Pennsylvania (+582), Washington (+556), and Oregon (+364). The largest decreases were in California (-1,432), New Jersey (-905), Georgia (-532), Ohio (-365), and North Carolina (-214).

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at Labor Department

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.