During JP Morgan’s investor day, investors heard optimistic tones coming from JP Morgan CEO Jamie Dimon, who referred to our situation as “Strong economy, big storm clouds,” and went on to explain “I’m calling it storm clouds because they’re storm clouds. They may dissipate.” Dimon, who is known for his keen eye on the market, added that a recession is possible, but it would be unlike past downturns because of the unique mix of economic conditions we see ourselves in today.

The U.S. Labor Department’s recent Job Openings and Labor Turnover Survey (JOLTS) showed that there were 1.8 job vacancies for every unemployed person in February 2022, up from 1.7 the month prior.

Normally, making it through July is nothing to celebrate, but given the year we’ve had so far, I’m celebrating the little wins when I can. 

Jobber’s Home Service Economic Report is compiled using proprietary performance data aggregated from more than 90,000 home service professionals the platform serves.

ASA is part a coalition of organizations throughout the manufacturing supply chain urging Congress to advance a bold, long-term infrastructure bill to address the nation’s longstanding infrastructure needs, and to provide much-needed stability and certainty for the sector during this critical time.

Dodge Data & Analytics released its 2020 Dodge Construction Outlook. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.

BlueTarp's supplemental contractor survey revealed that nearly 25% of contractors thought the economy would decline in some way within the next 12 months, an increase from 16.3% last quarter.

The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.