{"id":1004140465,"date":"2016-03-28T05:13:12","date_gmt":"2016-03-28T13:13:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140465"},"modified":"2022-12-04T13:43:30","modified_gmt":"2022-12-04T21:43:30","slug":"economy-watch-data-show-middling-growth-for-economy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-data-show-middling-growth-for-economy\/","title":{"rendered":"Economy Watch: Data Show Middling Growth For Economy"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004140468\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004140468\" data-attachment-id=\"1004140468\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-data-show-middling-growth-for-economy\/bls-table\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg\" data-orig-size=\"612,347\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1459156032&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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BLS table\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Table via the Bureau of Labor Statistics&#8217; report, Regional and State Employment and Unemployment\u2014 February 2016 &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg?w=612\" class=\"size-medium wp-image-1004140468\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg\" alt=\"Table via the Bureau of Labor Statistics' report, Regional and State Employment and Unemployment\u2014 February 2016 \" width=\"300\" height=\"170\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg 612w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg?resize=300,170 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004140468\" class=\"wp-caption-text\">Table via the Bureau of Labor Statistics&#8217; report, Regional and State Employment and Unemployment\u2014 February 2016<\/p><\/div>\n<p>Despite fears that the economy is headed for a 2016 recession, the pattern of growth remains middling, not overly sluggish. <a href=\"https:\/\/www.bea.gov\/\" target=\"_blank\" rel=\"noopener\">The Bureau of Economic Analysis<\/a> reported on Friday that real U.S. gross domestic product grew at an annualized rate of 1.4 percent in the fourth quarter of 2015, according to its &#8220;third&#8221; (and final) <a href=\"https:\/\/www.bea.gov\/newsreleases\/national\/gdp\/gdpnewsrelease.htm\" target=\"_blank\" rel=\"noopener\">estimate<\/a>. In the third quarter, real GDP grew at an annualized 2 percent. So 2015 ended weak, but not in a tailspin, according to that metric.<\/p>\n<p>With this final estimate for the Q4, the general picture of economic growth remains largely the same, according to the BEA. However, personal consumption expenditures\u2014people out spending their money, which most affects demand for retail space\u2014increased more than previously estimated.<\/p>\n<p>In other so-so news about the economy, the <a href=\"https:\/\/www.bls.gov\/\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics<\/a> reported on Friday that 22 states had unemployment rate decreases in February compared with January, while eight states suffered increases and 20 states and the District of Columbia saw no change. Like the nudge upward in the GDP numbers, <a href=\"https:\/\/www.bls.gov\/news.release\/laus.nr0.htm\" target=\"_blank\" rel=\"noopener\">the report<\/a>\u00a0wasn&#8217;t bad, but when that many states stay the same or slide into more unemployment, that isn&#8217;t good either.<\/p>\n<p>Despite the energy slump, South Dakota enjoyed the lowest jobless rates in February, along with the non-energy economy of New Hampsire: 2.7 percent each. Alaska had the highest rate, 6.6 percent, closely followed by Mississippi and West Virginia, coming in at 6.5 percent each. Among the biggest states with the largest CRE markets, California&#8217;s rate was a middling 5.5 percent; Florida was 4.9 percent, exactly the national average; and New York came in at 4.8 percent. Again, not robust, but not a crash either.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the slow growth of the U.S. economy, consumer spending increased more than previously estimated in 2015. <\/p>\n","protected":false},"author":1023,"featured_media":1004140468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004140465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Data Show Middling Growth For Economy - 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\/economy-watch-data-show-middling-growth-for-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Data Show Middling Growth For Economy\" \/>\n<meta property=\"og:description\" content=\"Despite the slow growth of the U.S. economy, consumer spending increased more than previously estimated in 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-data-show-middling-growth-for-economy\/\" \/>\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=\"2016-03-28T13:13:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T21:43:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/BLS-table.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Data Show Middling Growth For Economy\",\"datePublished\":\"2016-03-28T13:13:12+00:00\",\"dateModified\":\"2022-12-04T21:43:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/\"},\"wordCount\":304,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/BLS-table.jpg\",\"articleSection\":[\"National\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-data-show-middling-growth-for-economy\\\/\",\"name\":\"Economy Watch: Data Show Middling Growth For Economy - 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