Motley Fool Money More Jobs for Americans, More Confusion for Investors
Dec 2, 2022
Deidre Woollard interviews Ben Miller, CEO of Fundrise, offering insights into the evolving landscape of commercial real estate. They delve into the challenges facing office spaces as remote work reshapes demand. Miller discusses the strategic moves by Vici Properties in Las Vegas and how economic shifts are influencing homebuilders. The conversation highlights the resilience of the real estate market in downturns and the complexities of financing in light of rising interest rates, presenting a thought-provoking view for investors.
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Conflicting Macroeconomic Signals
- Conflicting macroeconomic signals confuse investors.
- Strong jobs reports contrast with declining home sales and retail job losses.
Jobs Report and Inflation Concerns
- The November jobs report shows an increase of 263,000 jobs, exceeding expectations.
- However, the rising average hourly earnings by 0.6% raises concerns about persistent inflation.
Concerning Job Losses in Retail and Transportation
- Retail and transportation/warehousing sectors lost jobs, despite holiday season expectations.
- This raises concerns about the economy's future, even with job growth in other sectors.