A Powerful Close to 2019

This was a reassuring close to a year of reassuring jobs numbers. This was also our final major gut-check before the full swing of the holiday shopping season, and these numbers should be viewed as a solid reminder that jobs continue to be created, people who are looking for work are continuing to find it, and there’s no fundamental reason for a recession (or loss of consumer confidence resulting from the out sized fear of one).

For home services, this means we should be skeptical of some forecasts that think remodeling and service growth will shrink to near 0. The economic and demographic fundamentals driving home service market activity remain unchanged.