Initial Claims Soar to 5-Month High

Initial claims for unemployment benefit jumped to their highest level since August as continued fallout from the coronavirus pandemic and a stumbling economy kept workers on the sidelines.

Job Losses Mark December Employment Report

The U.S. economy shed 140,000 jobs in December, the Bureau of Labor Statistics reported Friday, although the unemployment rate held steady at 6.7 percent.

Little Movement in Weekly Unemployment Claims

With a slowing economy, Americans filing weekly initial unemployment claims has shown little movement over the past several months, according to Labor Department data.

Some Institutions Still Lending on Retail

The retail sector downturn started even before the pandemic and has suffered more than other property types this year. But some institutions are willing to lending on retail assets, said JLL, Chicago.

Consumer Confidence Dips for 2nd Straight Month

The Conference Board, New York, said its Consumer Confidence Index declined in December, the second straight monthly decline economic uncertainty following a resurgence in the coronavirus pandemic.

Initial Claims Continue to Backslide

Initial claims for unemployment benefits jumped for the second consecutive week, raising concerns about the sustainability of the current economy and raising alarms with unemployment benefits set to expire.

CRE Fundamentals Struggle to Find Secure Footing

Challenging times for CRE fundamentals are likely to extend into 2021, but there is light at the end of the tunnel, said Wells Fargo Securities, Charlotte, N.C.