Plain English with Derek Thompson cover image

Harsh Truths About 2024 and the Future of the U.S. Economy

Plain English with Derek Thompson

CHAPTER

Labor Market Insights and Housing Dynamics

This chapter explores the current labor market conditions, noting low unemployment rates but decreasing hiring and wage growth, which could signal a potential economic downturn. It also examines the implications of high interest rates on the housing market, discussing supply constraints and the long-term effects on housing prices and construction.

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