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Economy Overview

United States

Report | United States Employment Update - August 2012

Summary

​July’s employment represents the first sign of growth in a number of months, although it remains to be seen how long this will last. Even so, the 163,000-job gain is below previous recessionary growth levels, a direct result of uncertainty due to the upcoming election, domestic and international fiscal concerns and a lack of regulatory clarity. Once these are addressed, the recovery will likely take a clearer shape and gains should be more consistent and less prone to the fluctuation seen of late. Our motto of “slow and steady” remains the likely course of action through November and into 2013, when the bigger picture will begin to determine the course of not only employment but also the office sector.

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