So one company hiring people is your proof? In real economic terms that data point would be plotted on it’s own - aka an “outlier”. My business deals in the construction business, deals with all types of trades, local governments, national accounts of big corps and educational institutions. You have absolutely zero idea of what you are talking about.
if you were to follow various market trends (we are not one giant market but one often affects the other) you would see a ton of bad markets. It would take pages for me to break them down and show what is going on - it’s not an overall positive situation.Given we are locked down, we are for the most part in CA, you get resources the best/fastest/safest/whatever way possible - for most it is online shopping. That is a forced condition, and won’t even get in to what will most likely occur next year. In the meantime stores, restaurants, gyms have closed - many are not going to reopen. I think many of us know people who have lost companies, lost their jobs, lost the ability to pay rent and even feed their families. I have posted about this previously in this topic.
The construction market has slowed down after being on absolute fire. Schools/institutions pushed jobs up while kids are at home - but nothing has taken up the holes in the construction timelines they are leaving behind. Tenant Improvements are on hold or even lost due to uncertainty and building being burnt/damaged/looted. The small businesses, who many just dismiss, make a big impact on construction as a whole. If small business is gone, they no longer need insurance, paying city taxes, paying payroll taxes, renting space, etc. Now the same goes for sports related markets - insurance for coaches, fields, maintenance, etc. Most people just look at the economy or shuts down superficially. Anything being closed, even partially is a BIG disruption to the economy - especially locally. A lot of people rely on things being open, such as schools - not everyone who works, or earns income through schools, has a guaranteed pay check