Top-of-mind economic news as we start the week:
— The US economy added 236,000 jobs in March, the lowest level since Dec. 2020, a sign of still-strong but slowing job creation.
— US bank lending dropped by $105 billion in the 2nd half of March, the most on record, with pullback on all types of loans, especially at smaller banks.
— US commercial real estate prices are down 15% from a year ago, led by office properties, per the Green Street index.
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