Personal income, Mortgage apps, ADP private employment, Chicago PMI

Transfers coming down is slowing GDP growth:

Housing continues to slow/ the post covid bounce is fading:


Making a comeback but still a long way to go. This is a major driver of personal income. It also shows a lot of people are taking jobs, contrary to headlines of worker shortages:


This is only through April, but note that new hires are up to about 6 million jobs per month:


Another indicator the pace of the post covid recovery is fading: