{"id":1004019560,"date":"2010-04-23T11:10:44","date_gmt":"2010-04-23T19:10:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004019560"},"modified":"2022-12-02T22:31:41","modified_gmt":"2022-12-03T06:31:41","slug":"jll-employment-gains-will-lead-sustainable-recovery","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/","title":{"rendered":"JLL: Employment Gains Will Lead Sustainable Recovery"},"content":{"rendered":"<p>April 23, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004019561\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/archie4oz.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004019561\" data-attachment-id=\"1004019561\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/archie4oz\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/archie4oz.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"archie4oz\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user archie4oz&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/archie4oz.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/archie4oz.jpg\" alt=\"\" title=\"archie4oz\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004019561\" \/><\/a><p id=\"caption-attachment-1004019561\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user archie4oz<\/p><\/div>\n<p>The pieces of a sustainable recovery are just beginning to come together, but they\u2019re not yet forming a completed puzzle. That\u2019s according to Jones Lang LaSalle, whose Spring Economic Outlook finds that economic output grew at a robust level last quarter, but the change in private inventories \u2013 a major growth driver \u2013 is not sustainable long term.<\/p>\n<p>However, JLL also found that despite a limited recovery in the labor market to date, the pieces have fallen into place for hiring to increase during the second quarter. Employment gains in March, the report says, were an initial step toward recovering the 8.4 million jobs that evaporated during the recession.<\/p>\n<p>\u201cEconomic stabilization and recovery remained on track during the first quarter of 2010, although the pace of recovery has been somewhat lackluster in several major indicators \u2013 most notably the labor market,\u201d the report reads. \u201cGiven the depth and duration of the recession, it will take  years to recover the previous peak in employment.\u201d<\/p>\n<p>Echoing what the majority of experts have said, JLL reports that the commercial real estate industry lags the overall economy and will remain challenged throughout this year. <\/p>\n<p>\u201cRecovering indicators in the real economy certainly provide positive steps toward the stabilization and eventual recovery of commercial real estate fundamentals,\u201d the report reads. \u201cHowever, fundamentals will continue to remain challenged throughout 2010 and it will take time for them to strengthen.\u201d<\/p>\n<p>The key to stabilization, the report claims, is a strengthening in the labor market. With employment growth having tentatively resumed during the first quarter, JLL says a long road to recovery is afoot.<\/p>\n<p>\u201cHowever, the pace of recovery to date has been weaker than most would have preferred,\u201d the report reads. \u201cThe reality is that the magnitude of job losses recorded during the recession will take several years to recover.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pieces of a sustainable recovery are just beginning to come together, but they\u2019re not yet forming a completed puzzle. That\u2019s according to Jones Lang LaSalle, whose Spring Economic Outlook finds that economic output grew at a robust level last quarter, but the change in private inventories \u2013 a major growth driver \u2013 is not sustainable long term.<\/p>\n","protected":false},"author":936,"featured_media":1004019561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004019560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JLL: Employment Gains Will Lead Sustainable Recovery - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL: Employment Gains Will Lead Sustainable Recovery\" \/>\n<meta property=\"og:description\" content=\"The pieces of a sustainable recovery are just beginning to come together, but they\u2019re not yet forming a completed puzzle. That\u2019s according to Jones Lang LaSalle, whose Spring Economic Outlook finds that economic output grew at a robust level last quarter, but the change in private inventories \u2013 a major growth driver \u2013 is not sustainable long term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-23T19:10:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T06:31:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/archie4oz.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-employment-gains-will-lead-sustainable-recovery\/\",\"name\":\"JLL: Employment Gains Will Lead Sustainable Recovery - 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