Page 28 - Market Outlook Q3 2024

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28

U.S. Economic Snapshot

U.S. UNEMPLOYMENT RATE
U.S. Unemployment Rate
U.S. Unemployment Rate is at 4.10%, compared to
5.00% 4.20% last month and 3.80% last year. This is lower
4.50% than the long-term average of 5.69%.
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2024 2023 2022

Source: U.S. Census Bureau

U.S. CONSTRUCTION SPENDING
Source: Construction Spending
Seasonally Adjusted Total Construction [Percent] U.S. Construction Spending month over month
is at -0.09%, compared to -0.47% last month and
3.00% 0.99% last year. This is lower than the long-term
average of 0.41%.
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
-0.50% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-1.00%
-1.50%
2024 2023 2022

Source: U.S. Census Bureau