I have written extensively in the past in this and our sister publication Concrete Products about how the Fed has balanced the economy over the past many years, maintaining low interest rates against the backdrop of strong employment numbers, which is a real parlor trick at a minimum. And more recently, I corrected myself and said our firm’s view of…
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Job Growth Continues to Explode
An email appeared in my inbox from the homeowner’s association that runs our subdivision, and it was a forward from the trash hauling company that services our community. They announced they were suspending the collection of recycling until further notice due to an acute shortage of drivers and helpers, so they could focus on the more essential task of collecting…
Read MoreConstruction Industry Unemployment at Nine-Year Low
Construction firms added 45,000 jobs in April and 280,000 over 12 months, as the sector’s unemployment rate fell to a nine-year April low of 7.5 percent, according to an analysis by the Associated General Contractors of America. Association officials noted that even as the industry continues to expand, growth has been erratic and inconsistent.
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