Now, this is admittedly a very small number, but losses in construction jobs are a rare occurrence and again usually a leading indicator of overall economic weakness (ResiClub).

I know I’ve posted about Long-Term Mortgage Rates and the Federal Funds Rate not being directly tied, but this morning’s economic report will impact both.

Households on Welfare by StatePuerto Rico stands out with 47% of households receiving assistance.This reflects sustained economic challenges and unique territorial program structures.RankState or JurisdictionCodeShare of Householdson Welfare# of Householdson Welfare1Puerto RicoPR47%586K2New MexicoNM20%162K3West VirginiaWV18%129K4LouisianaLA17%308K5OregonOR17%284K6New YorkNY16%1253K7MassachusettsMA15%418K8OklahomaOK15%224K9PennsylvaniaPA15%787K10Rhode IslandRI15%67K11AlabamaAL14%277K12District of ColumbiaDC14%46K13FloridaFL14%1157K14IllinoisIL14%723K15MichiganMI14%571K16MississippiMS14%162K17NevadaNV14%162K18AlaskaAK13%35K19CaliforniaCA13%1748K20ConnecticutCT13%182K21GeorgiaGA13%524K22HawaiiHI13%63K23KentuckyKY13%240K24MaineME13%76K25North CarolinaNC13%553K26OhioOH13%641K27WashingtonWA13%382K28DelawareDE12%46K29MarylandMD12%279K30TennesseeTN12%329K31TexasTX12%1322K32VermontVT12%32K33WisconsinWI12%282K34ArizonaAZ11%311K35ArkansasAR11%132K36MissouriMO11%264K37South CarolinaSC11%230K38IndianaIN10%262K39IowaIA10%131K40New JerseyNJ10%342K41VirginiaVA10%320K42ColoradoCO9%215K43IdahoID9%63K44MinnesotaMN9%201K45MontanaMT9%42K46NebraskaNE9%69K47South DakotaSD9%32K48KansasKS8%90K49New HampshireNH7%39K50North DakotaND7%24K51UtahUT6%68K52WyomingWY6%14KAmong the states, New Mexico has the highest share at 20%, followed by West Virginia (18%), Oregon (17%), Louisiana (17%), and New York (16%).A large cluster of state jurisdictions have low‑to‑mid teens of U.S. households on welfare.And at the other end, Utah and Wyoming are lowest at 6%, with New Hampshire and North Dakota at 7% and Kansas at 8%.

There’s talk of a potential recession, and while no one can predict exactly when or how severe it might be, the economic signs are raising red flags, especially regarding housing affordability.Here’s some data that shows the growing financial pressure on Americans:- Auto loan debt is at an all-time high: $1.55 trillion- Student loan debt has reached $1.61 trillion- Credit card debt is also a record high: $1.21 trillion- The average credit card APR has risen from 12.9% in 2013 to 16% in 2021 and now sits at 28.72%These numbers paint a picture of a consumer economy stretched thin.

It’s an economic force called SUPPLY and DEMAND. 

Carter faced a mounting series of domestic economic problems, including increases in gasoline prices, rising inflation, and rising unemployment.

Dell committed to hiring 35% economically disadvantaged persons, veterans or enterprise zones residents for new or replacement personnel over the next five years, Scott said.Scott added that Round Rock has done 10 enterprise zone nominations over the years, with the last in 2022 going to Fisher Rousemont Systems, a subsidiary of Emerson Electric Co.

NYC's Midtown South Mixed-Use Plan—the largest rezoning in two decades—will create 9,700 new homes including 2,800 affordable units, backed by $488 million in infrastructure investment.This isn't just housing policy, it's economic transformation.

And that uncertainty is what is driving the sluggish sales and not oversupply and the constant building from a city permitting process and economic lobby determined to ignore the fact that Austin never did have the fundamentals to support even 1/10th of the hype around it.

Economic downturns can be very destructive and jobs can dry up.