Video Update - How The Jobs Report And The Election Will Impact Our REITs

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The October jobs report released last week has sparked considerable debate about the state of the U.S. economy. While initial headlines focused on the mere 12,000 new jobs created—well below economists' expectations of 100,000—several temporary factors significantly impacted these numbers. Two major hurricanes, Helene and Milton, disrupted economic activity throughout the southeastern United States, while the Boeing strike idled an estimated 30,000-40,000 jobs during the quarter.

Job Creation Analysis

The healthcare sector led job creation with 52,000 new positions, though these largely represent quasi-governmental roles in nursing, residential care facilities, and ambulatory health care services. The continued expansion of government employment remains a noteworthy trend, raising concerns about the sustainability of public sector growth versus private sector job creation.

Election Impact on Markets

As the nation approaches Election Day, there's considerable speculation about the market impact of potential outcomes. However, historical data suggests that markets have performed well under various political configurations. This resilience stems from fundamental American economic principles:

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