Occupancy Rate Trend Not Seen Since 2022 - RAOT Week of Jan 19th 2025

Job growth to slow in 2025, but remain positive

This week’s economic analysis will focus on the results of the quarterly survey of economists byThe Wall Street Journal, which includes aggregated forecasts of more than 70 economists.

The report, which was released last weekend, showed the chance of a recession was just 22% for2025, the lowest since January 2022. The average projection for job growth was approximately 1.6 million for 2025, down from roughly 2.2 million jobs in 2024 based on recent data from theBureau of Labor Statistics (BLS). 

The supply of available labor is expected to remain tight with an expected unemployment rate of 4.3%. Growth in the labor force continues to be a limiting factor for job growth. 

For multifamily operations, the good news is the potential of slowing job growth coincides with a certain slowdown in new multifamily deliveries, which should reduce the effects of supply and demand getting out of balance...

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https://bit.ly/Radix_Website