This significant drop continues to highlight a labor market in which demand for labor has been the main driver as businesses scramble to find workers and meet surging demand.
What we see is an economic (i.e., Real GDP) growth acceleration in Quarter four.
So, chins up; the near future probably will get better.
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After Monday’s big drop in the markets, I received some calls wondering whether we are looking down the throat of a coming Armageddon.
The lack of affordable housing for first-time buyers also helps to drive rents higher.