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How Long Can Construction Employment Defy Gravity?
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How Long Can Construction Employment Defy Gravity?

Yesterday’s employment data showed a surprisingly resilient construction sector

Aziz Sunderji's avatar
Aziz Sunderji
Jul 08, 2024
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Home Economics
Home Economics
How Long Can Construction Employment Defy Gravity?
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This is Home Economics, a newsletter about the American housing market. Subscribe / upgrade to paid here:

Last week’s widely watched employment situation (“nonfarm payrolls”) report showed a rise in the unemployment rate.

This was at least partly due to more people entering the labor force and seeking work—a good thing. Nevertheless, unemployment has rise…

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