Page 24 - NTDA Market Outlook Q1 2024

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24

U.S. Economic Snapshot

U.S. UNEMPLOYMENT RATE
U.S. Unemployment Rate
The US Unemployment Rate is at 3.90%, compared
4.10% to 3.70% last month and 3.60% last year. This is
4.00% lower than the long term average of 5.70%
3.90%
3.80%
3.70%
3.60%
3.50%
3.40%
3.30%
3.20%
3.10%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2024 2023 2022

Source: U.S. Census Bureau

Source: Construction Spending U.S. CONSTRUCTION SPENDING
Seasonally Adjusted Total Construction [Percent] US Construction Spending MoM is at -0.16%,
compared to 1.10% last month and 2.24% last year.
3.00% This is lower than the long-term average of 0.42%.
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.50%
-1.00%
-1.50%
2024 2023 2022