June construction layoffs spike, highest since September 2007. Continuing claims hit a new cycle high, approaching 1.9 million.

In June, construction industry saw largest increase in layoff announcements per @ChallengerGray … hasn't seen a spike that large since September 2007 pic.twitter.com/6zee9KAtVf

— Kevin Gordon (@KevRGordon) July 3, 2024

Continuing claims a new cycle high

Approaching 1.9mm #MacroEdge t.co/sDxirI4NOC pic.twitter.com/Rod0M3P2mT

— Don Johnson (@DonMiami3) July 3, 2024

Nice little pop in job openings in the JOLTS release this morning. Unfortunately, the more timely series from Indeed and LinkUp are still pointing down. pic.twitter.com/0E9JLac8OI

— Peter Berezin (@PeterBerezinBCA) July 2, 2024