Jobs Up by 187,000; Unemployment Rate Flat in July

Total nonfarm payroll employment was up by 187,000 in July, and the unemployment rate remained fairly flat at 3.5%, the U.S. Bureau of Labor Statistics reported.

Commercial/Multifamily Briefs from PNC Bank, Fannie Mae, CBRE

PNC Bank, N.A., Pittsburgh, closed a $181 million fund to develop and rehabilitate affordable rental housing for families and seniors. PNC said the fund will provide financing for nearly 1,800 affordable housing rental units at 17 multifamily properties across 13 states.