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Monster Indices confirm improving labor market conditions

The Monster survey of online job demand in May uncovered increases in 12 out of 20 industries, some of which are shown here. Only 3 out of 20 industries have experienced meaningful deterioration in the past year (agriculture/forestry/fishing, hotel/food services, and public administration). I note the significant gains in construction, which appear to confirm other tentative signs that the construction industry has finally turned the corner.

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