Archive for July, 2020

Weekly jobless claims rise for first time in months

Initial unemployment claims reached 1.4 million last week, marking an increase of 109,000 on a seasonally adjusted basis, according to the Labor Department. It was the first increase in weekly claims in almost four months. "I think unemployment applications are going to be sticky at this level because many states are seeing a reassertion of the virus," says Michelle Holder, an economist at John Jay College. Read full story Read more

Podcast: Improving CMBS Delinquency Rates?

We’re only mid-way into July, but early indications are that delinquency rates are improving. In this week's episode of The TreppWire Podcast, we examine the factors behind a potentially declining CMBS delinquency rate, noteworthy CRE headlines of the week, the CMBX 10 index, shifts in the office market, and takeaways from bank earnings. Listen now. Read more

4.8M jobs added to payrolls in June, Labor Dept. says

Nonfarm payrolls gained 4.8 million jobs last month, according to the Labor Department, beating expectations from economists surveyed by Dow Jones. The unemployment rate declined to 11.1%. Read full story Read more