Page 28 - Market Outlook Q4 2024

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U.S. Economic Snapshot

U.S. UNEMPLOYMENT RATE
U.S. Unemployment Rate
U.S. Unemployment Rate is at 4.20%, compared to
5.00% 4.10% last month and 3.70% last year. This is lower
4.50% than the long-term average of 5.68%.
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

Source: Construction Spending U.S. CONSTRUCTION SPENDING
Seasonally Adjusted Total Construction [Percent]
U.S. Construction Spending MoM is at 0.43%,
3.00% compared to 0.12% last month and 0.77% last year.
2.50% This is higher than the long-term average of 0.42%.
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