Unemployment in the US has skyrocketed and there is little expectation that the layoffs will subside in the near term. This week, the Labor Department reported a 30% increase in unemployment claims last week, one of the largest spikes on record. Estimates for future claims are grim, with David Choi, an economist from Goldman Sachs, expecting initial claims for the week ending March 21 to jump to a seasonally adjusted 2.25 million, according to MarketWatch.
Read more...As Unemployment Surges, Where Does Multifamily Stand? via GlobeSt