Items Tagged with 'economy'

Plumbing and HVAC contractors navigated a year of challenges and opportunities, with rising demand for energy-efficient systems amid labor shortages. As we look to 2025, growth is expected in commercial sectors like data centers and healthcare, alongside increased home repairs. The focus on sustainability and technology will drive innovation in the industry.

As 2023 comes to a close it is now time to review my predictions from last year as well as predict ten more trends I see as we enter 2024.

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.

In last month’s column, I wrote about how military strategy can help businesses learn to navigate the current chaotic times.