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Cushman & Wakefield Research is pleased to present 4th Quarter 2011 Global Marketbeat Reports The link below walks you through a brief flash introduction followed by a global map where you can download the latest MarketBeat reports from markets around the globe. |
The growth rate of the U.s. economy slowed down sharply from fourth quarter 2010 to first quarter 2011. After that, U.S. economic growth accelerated for the next two quarters. A variety of monthly measures - including strong spending and increased manufacturing output - suggest that the growth rate of real GDP will prove to have been quite strong during fourth quarter 2011.
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Twenty-eight percent of Utah workers have a least a bachelor's degree. At this level of education, Utah ranks 20th among all states in educational attainment in the labor force. The state does not do quite as well in terms of advanced degrees. Nine percent of Utah workers have advanced degrees, which ranks 27th.
Highly educated workers are those benefitting from the improving job market both locally and nationally. At the national level the number of workers with a college degree has jumped by nearly 1.1 million over the past year while the number of workers with just a high school degree has fallen by 600,000 jobs.
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RENO, Nev.—December 29, 2011—Commerce Real Estate Solutions, an independently owned and operated member of the Cushman & Wakefield Alliance, announced today that it is establishing an office in Reno, Nevada effective January 2, 2012.
Commerce has entered into an agreement with Trinity Commercial. Trinity principal, Brian Armon will serve as branch manager of the Cushman Wakefield | Commerce office, located at 6121 Lakeside Drive, Suite 205.
“This is a very strategic move for us to better serve our clients through this natural extension of our service areas in the Western United States,” said Mike Lawson, president and CEO of Commerce. “Finding Brian, Lance Faulstich and their team, came only after extensive research of the Reno market. They are an extremely talented, well-experienced team of professionals, whose leadership in this market will continue to produce exceptional results.”
Armon and Lawson tout the national platform of the Cushman Wakefield | Commerce alliance as the greatest benefit for clients from the creation of the new branch.
“Our clients will now have immediate access to the reach and expertise of Cushman & Wakefield and the specialized resources of Commerce,” said Armon. “Through this national platform of every commercial real estate service, we’ve significantly increased the potential of our current clients and are thrilled to be able to offer these comprehensive services to new customers.”
Among the resources and capabilities of the national platform Armon cites as “extremely advantageous” to customers, are Commerce’s distressed asset, industrial, office, land and retail divisions. “Our team here can now be even more targeted and beneficial to customers because of the combined service abilities of our branch and the Cushman Wakefield | Commerce alliance,” said Armon.
During the most recent recession, U.S. employment fell by 7.490 million jobs (5.4 percent). During the first 8 months of the recovery, U.S. employment declined another 1.247 million jobs, which reduced employment to 6.3 percent below the prerecession peak. Since hitting bottom in February 2010, U.S. employment has risen by only 2.270 million jobs.
As of September 2011, U.S. employment stands 4.7 percent below its prerecession peak. If we peek under the hood and look at job destruction and creation and firm size, we see a substantial change in U.S. businesses.
Timely, relevant updates and reports on the economy and commercial real estate world, with focus on the Utah, Nevada and Washington markets.