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Slowdown to 2020

Last Friday the Labor Department reported for the 104th straight month the economy added jobs, but the news wasn’t all roses because 75,000 jobs were added vs 263,000 in April. The lower jobs report was the weakest since the great-recession ended in mid-2009, and the hiring slowdown was broad-based across all industries. We are also seeing a slowdown on the executive search front with new assignments flattening out versus the robust hiring environment that we observed in 2018. The other indicator is that factory output is down after a year of record output with consumers and companies buying less cars, trucks, and tractors coupled with fewer homes being built. All of this translates to a slowdown, but even if we have a flattening-out of the economy, as long as it is short of recession we just might have an okay 2020.

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

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