This Week in the Economy

by CoyDavidson on July 6, 2012

The big news this week was the not necessarily unexpected but still disappointing jobs report. The 80,000 net jobs gain in June was barely an improvement from the 77,000 jobs added in May. The second quarter this year was the weakest quarter for job growth since the third quarter of 2010.

The Dow ended the week down 0.8%, while the S&P lost 0.5%. The Nasdaq was barely in positive territory for the week, adding less than 0.1%

On the commercial real estate front, Real Estate research firm, Reis reported that the U.S. office market slowed in the second quarter with the exception of tech and energy-centric markets while apartment rents are at the highest level since 2007.

Nonfarm payroll employment over-the-month change, seasonally adjusted, June 2010 –June 2012

Below are links to the top economics news for the week:

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