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What the Hell Just Happened?

Real Vision: Finance & Investing

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Residential Construction Payrolls - When Is the Recession Going to Happen?

An 8% to 10% decline in residential construction payrolls, pre-sages, every recession. That's the number one thing on your dashboard that you're looking at. Those construction layoffs generally lead overall non-farm payroll layoffs by about four months historically through the cycle. And we've seen some cracks forming there, but we haven't seen any layoffs yet.

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