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Special Report

Research Brief - Employment

September 2020

Multifamily and Retail Property Challenges Remain Despite Improving Jobs Picture With Unemployment Dropping Below 10 Percent

Employment growth continues, but pace slowing. Employers added 1.4 million jobs in August, the lowest total of the past four months. The collective gains made over that period have restored nearly half of the 22.2 million roles that were lost in March and April. The job recovery will likely continue but the speed of improvement will largely depend on the timing, size and scope of the next Congressional stimulus package.

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