Unusual to get such a large monthly ‘construction’ layoffs data point
Way too soon to extrapolate.
BUT a second similar month at this level would be troubling (especially when many other labour market indicators are so soft!) pic.twitter.com/YjoDKkKLWc— Longview Economics (@Lvieweconomics) July 8, 2024
Normal cycles do include prices going down in all markets, housing, stocks etc…
We keep saying it's different.
— floridanow1 (@floridanow1) July 9, 2024
The number of job openings has declined sharply in every state
The unemployment rate rose to 4.1%, its highest level since November 2021
byu/Fun_Balance_1809 ineconomicCollapse