Bay Area
Shutdown-Delayed Jobs Data Predicted to Reveal Federal Layoffs and Rising Unemployment
Shutdown-delayed October data and a November unemployment rate near 4.5 percent could put “maximum employment” at risk As Washington’s budget battles continue to...
September Trade Deficit Narrows to $52.8B on Gold Exports, But GDP Impact Limited by Statistical Treatment
Non-monetary gold accounts for $6.1 billion of $8.8 billion export increase, while capital goods shipments decline $3.3 billion The turbulence in global trade...
Employment Cost Index Rises 3.5% Year-Over-Year in Q3, Slowest Growth Since Mid-2021
Quarterly wage and benefit increases moderate to 0.8 percent as labor market cooling reduces pressure on employers to raise compensation The cooling trend...
California’s Job Market Shows Persistent Weakness as Federal Shutdown Disrupts Data
Delayed report reveals Golden State continues to struggle with nation’s second-highest unemployment rate California’s unemployment situation remained stubbornly elevated in September, with the...
Federal Reserve Cuts Rates to 3.5%–3.75% as Committee Signals Slower Pace of Easing Ahead
Central bank’s December quarter-point reduction draws three dissents as officials project the policy rate holding at 3.375 percent through 2026 The Federal Reserve...
Law Firms Push US Office Demand to New Highs, Driving 8.3MM SQFT of Leasing Through Q3 2025
Relocations surge to 50 percent, renewals dip to 53.9 percent, and the legal sector’s share of all office leasing reaches 10.5 percent U.S....
CMBS Delinquencies Push to 7.46% Overall as Office Market Hits a Record 11.76%
All major property types see rising stress in October, with multifamily topping 7 percent for the first time since 2015 The latest readout...
Hudson Pacific Properties Slashes Q4 Outlook After Major Asset Sale
Hudson Pacific Properties lowered its fourth-quarter earnings forecast as the real estate investment trust grapples with falling occupancy and the offloading of a...
Durable Goods Orders Rise 0.5% in September as Shipments Point to Solid Q3 Capex Momentum
Core capital goods orders climb 0.9 percent, supporting Wells Fargo Economics’ 6 percent annualized equipment-spending estimate A year defined by uneven business investment...
Hudson Pacific Offloads West LA Campus to Riot Games for $231MM as Residential Plans Hang in Balance
Company books profit on decade-long office play while residential conversion plans await new owner’s decision Hudson Pacific Properties has sold its Element LA...
Retail Sales Rose Just 0.2% in September as Control Group Slips 0.1%
Wells Fargo Economics says a soft September keeps holiday spending forecasts intact but leaning toward the lower end of the 3.5 percent–4 percent...
Consumer Confidence Falls as Job Market Concerns Overshadow Lower Gas Prices
November reading marks second-lowest level in four years while labor differential continues decline American consumers are growing increasingly uneasy about their economic prospects,...
