Sunday, March 9, 2014

Office Employment Growth

The following chart shows the annual change in the annual employment level for office and administrative support occupations.

Click to enlarge.

As seen in the chart, I haven't been this excited about office employment growth since 2000. We're right there at the top of the declining trend channel again. Hurray.

Here is a closer look using monthly data over the past year.

Click to enlarge.

The trend has gone from down to downer. Let's just blame the linear trend failure on the weather and call it good. Nearly everyone else is.

Meanwhile, as seen at today, we have the following gem.

March 9, 2014
Crossroads, other planned office space adds up, but when will it be filled up?

Omaha has more than 3 million square feet of office space in various stages of planning and development, an unprecedented amount that could take 15 years to lease and set off intense competition among new and existing properties.

What? Me worry?

Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2

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