Easing restrictions aid employment at bars and restaurants.Employers added 379,000 workers to payrolls in February, the largest monthly gain since November. Hiring was most prolific in the leisure and hospitality sector with 355,000 new jobs. About 80 percent of those positions were at bars and restaurants, reflecting the benefit of relaxed restrictions on dining, particularly in Cali-fornia and New York, as well as ongoing stimulus measures. Other sectors of the economy that grew staff counts… Read More

Consumers return with new government cash. Spending in every major sector improved in January, lifting core retail sales 6.1 percent from December and 7.6 percent from one year ago. The arrival of $600 stimulus checks to millions of Americans early last month was the primary catalyst for the jump. Shoppers reversed three consecutive months of declines as most of the CARES Act stimulus had faded from the economy. The $300 increase in unemployment benefits that… Read More

Bloomberg News Features Marcus & Millichap’s President and CEO Hessam Nadji Commercial Real Estate Risk/Reward Spectrum Fuels Capital Flows How the Health Crisis has broadened the real estate yield spectrum The opportunities international investors see in U.S. real estate What’s driving the urban real estate outlook and the implications for investors Do rising interest rates pose a risk to real estate?  

Beleaguered by infections, hiring gets off to slow start in 2021. Employers expanded payrolls by a modest 49,000 jobs last month following a loss of 227,000 positions in December. January’s mild employment gain underscores the ongoing weight of the health crisis on economic growth, with some sectors recovering and others struggling. Continuing vaccinations and fewer infections in early February, however, may point to improved hiring in the weeks ahead.

Renewed shutdowns end hiring streak. After seven consecutive months of employment growth and the creation of over 12.4 mil-lion jobs, employers shed 140,000 positions in December. A rise in COVID-19 infections and the resulting lockdown precautions added new burdens on businesses already challenged by the delayed stimulus, leading to staff cuts in critically impacted sectors. While over 6 million vaccine doses have been administered in the U.S. so far, last month’s hiring regression underlines the persistent… Read More

Dwindling income and renewed closures push retail sales lower. The last of the supports from the CARES Act are winding down, including an extension of state-level unemployment benefits that will expire at the end of this year. Furthermore, several major cities have ordered businesses to temporarily shutter or reduce capacity. As a result, core retail sales declined 0.8 percent in November, marking the second consecutive monthly decline. Year over year, core retail sales have climbed 5.9… Read More

Yahoo! Finance Features Marcus & Millichap’s President and CEO Hessam Nadji The Two Sides of the 2021 Commercial Real Estate Outlook The Two Phases of 2021: The short and longer term outlook for 2021 and what will trigger an accelerated recovery A Tale of Two Cities: How the outlook for urban gateway metros differs from smaller cities The Two Faces of Retail: The retail real estate segments likely to sustain performance and the segments that… Read More

Heightened health risks temper job growth. Employers added 245,000 personnel to payrolls in November, bringing the total number of jobs created since April to 12.3 million. Last month’s gain, while above the historical average, was nevertheless the smallest of the pandemic period. This moderation in hiring is tied largely to the cessation of fiscal stimulus as well as a major resurgence in coronavirus infections. The return of stricter lockdown requirements will weigh on overall employment growth… Read More

Fox Business features Marcus & Millichap’s President and CEO Hessam Nadji  Don’t Judge The Retail Book By Its Cover What the eCommerce surge means for brick & mortar stores The transformation of retail – where adaptive reuse makes sense Retail still faces severe headwinds, but many segments are outperforming    

Retail sales gains slow. Buoyed by Amazon Prime Day sales, retail sales inched up 0.3 percent in October. Core retail sales ticked up 0.2 percent last month as the pace of consumer spending gains returned to normal levels. Future gains in several sectors remain in doubt due to a flurry of new restrictions across the country as coronavirus case counts rise. New York, New Jersey and New Mexico have already announced tighter limitations due to… Read More