Hello! I would like to share an important financial news with you: -https://cn.investing.com/news/stock-market-news/article-2441148
The construction industry employment remains active.
The employment in the construction industry is usually an early indicator of economic changes, especially for industries such as residential construction.
In July of this year, the employment data in the usa construction industry continued to grow at a steady pace: in July, the usa added 0.025 million jobs in the construction industry, slightly higher than the average of approximately 0.02 million construction industry jobs added per month in the five years before the epidemic.
This may indicate a recovery in the long-term low housing start rate in the usa, also indicating that the overall economic situation in the usa may not be as pessimistic as indicated by the overall employment numbers.
The employment in the construction industry is usually an early indicator of economic changes, especially for industries such as residential construction.
In July of this year, the employment data in the usa construction industry continued to grow at a steady pace: in July, the usa added 0.025 million jobs in the construction industry, slightly higher than the average of approximately 0.02 million construction industry jobs added per month in the five years before the epidemic.
This may indicate a recovery in the long-term low housing start rate in the usa, also indicating that the overall economic situation in the usa may not be as pessimistic as indicated by the overall employment numbers.
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