5min chapter

Moody's Talks - Inside Economics cover image

Debt Limit Relief, Labor Market Disbelief

Moody's Talks - Inside Economics

CHAPTER

Construction Employment Increased 25k

Matt Welch: The labor market is tight, but not like it's over screaming and starting to ease. He says construction employment went up 25k, but the number of hours was flat. Welch: Average weekly hours fell now to a level that is quite low. That takes an edge off that $339k in payroll employment for sure.

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