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The US labor market averaged a gain of 235,000 jobs per month during the six months ended February 2016, which was a relief after a slowdown during the late summer. Ultimately, we anticipate a total of 2.5 million new jobs to be created in the US during 2016.
Even as the labor market accelerated, growth in Gross Domestic Product (GDP) slowed, exhibit 2. Between 4Q14 and 4Q15, the US economy grew 1.9%. As has been the case for the duration of this expansion, slow positive growth in domestic GDP was enough to support continued demand across all commercial real estate property types during the second half of 2015.
Source : UBS AG