Page 28 - Market Outlook Q2 2024

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28

U.S. Economic Snapshot

U.S. UNEMPLOYMENT RATE
U.S. Unemployment Rate
U.S. Unemployment Rate of the Full-time Labor
4.50% Force is at 4.10%, compared to 3.80% last month
4.00% and 3.60% last year. This is lower than the long-
term average of 5.76%.
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 MoM is at -0.12%,
compared to -0.19% last month and 0.34% last
3.00% 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