There was little economic data released this week. The trade deficit was much higher than expected, however the data might have been impacted by the port strike on the west coast. The Bureau of Labor Statistics reported job openings were up about 12% year-over-year and the 4-week average for initial weekly unemployment claims increased a little. Not much data, but next week will be busy!

Some quarterly data was released for office, apartment and mall vacancy rates and rents. All vacancy rates declined, although both office and mall rates are still near the cycle high – and apartment vacancy rates are already low.  Source:  Calculated Risk