Answer: Nonfarm payrolls go down the PMI indicator goes DOWN the housing starts goes down.
What typically happens to nonfarm payrolls the PMI indicator and housing starts at the onset of a recession in the United States?
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in home prices after the collapse of a housing bubble leading to mortgage delinquencies foreclosures and the devaluation of housing -related securities.
The Great Recession was a period of marked general decline observed in national economies globally that occurred between 2007 and 2009.The scale and …