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The following two pieces of information and summary are brought to you via The Multifamily Site and Titan Team. To learn more about Titan Research Team, CLICK HERE <<<<<

➊ Job openings remain high: U.S. job openings reached 11.24 million in July, nearly one million above estimates and almost two times the number of available workers. July’s hot job report is another inflationary signal that the labor market is still extremely tight despite the Fed’s rate hikes. 

Titan’s Takeaway: July’s job report comes a week after Powell’s bleak speech in Jackson Hole and is further evidence that rate hikes are not slowing growth as much as the Fed had hoped. With a material shortage of workers, employers are forced to continue offering competitive wages, only adding fuel to the fire as prices rise at their fastest pace in 40 years. 

➌ Gopuff looks for more cash: The instant-delivery service, Gopuff, is looking for a $300 million line of credit as it tries to stay alive amid falling valuations and slower growth. Earlier in the year, Gopuff delayed its IPO. The company that strives for “30-minute or less” delivery was a beneficiary of the tech boom raising $2 billion just in 2021 and seeing its valuation soar to $15 billion last year.

Titan’s Takeaway: Gopuff is just the latest casualty of a startup world battling higher financing costs and lower company valuations. With fundraising slowing, the startups that can conserve cash could prevail… but the ones blowing through $400 million in three months might not be so lucky. 

Now can be a good time to look at investment real estate as an option to hedge against forthcoming economic factors and early indicators.

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