The economists at Wells Fargo have reported continued good jobs growth in the States where the Fund owns real estate.
Georgia continued to add jobs in April, with nonfarm employment rising by a solid 10,600 jobs. More than two-thirds of that gain came in professional & business services, which is a broad category including everything from lawyers and accountants to software engineers.
Texas employers reversed course in April, adding 8,300 jobs after shedding a downwardly revised 9,400 jobs in March. The state’s unemployment rate ticked back up to 4.4 percent from the cycle low reached in February and March.
Florida’s unemployment rate fell another 0.1 percentage point in April to 4.8 percent and is now 0.2 percentage points below the national rate. Both the civilian labor force and household employment fell slightly in April.
