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Economic News: April 12th, 2017

      Construction spending hit a near 11-year high, monthly employment saw mixed performance but was positive overall, and layoffs saw a solid decline. Construction Spending Construction spending in February returned to a growth trajectory, increasing to an annual rate of $1.19 trillion, which was 0.8 percent over January’s […]

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Economic Review: April 5, 2017

      Pending home sales enjoyed a solid upswing, while incomes grew and layoffs retreated slightly. Pending Home Sales Pending sales of existing homes enjoyed a healthy enough jump in February to hit a 10-month high, according to last week’s release from the National Association of Realtors. The Association’s […]

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Economic News: March 29, 2017

 Existing home sales retreated while new home sales advanced, and layoffs saw an unexpected jump. Existing Home Sales  After hitting their highest point in nearly 10 years in January, existing homes dipped in February. Sales of existing single-family homes,  townhomes, condominiums and co-ops fell 3.7 percent to an annual rate […]

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Economic News for March 15, 2017

  The economy continued to add jobs on the whole, but layoffs saw a sudden jump. Meanwhile, consumer credit grew, but saw a stiff setback. Employment Situation  The U.S. economy added 235,000 non-farm jobs in February, putting the unemployment rate back at 4.7 percent, according to last week’s report  from […]

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Economic News: March, 8, 2017

Spending on residential construction grew despite a monthly overall drop. Meanwhile, monthly incomes and spending totals offered mixed performance, and layoffs fell to their lowest point in nearly 44 years. Construction Spending Construction spending for January grew to an annual rate of $1.18 trillion, marking a 1 percent dip from […]

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Economic News: March 1,2017

“Existing home sales kicked off 2017 with a roaring start, while new home sales grew at a lower than anticipated rate, and layoffs were up.” Existing Home Sales Sales of existing homes for January grew to their fastest pace in nearly a decade, according to data released by the National […]

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Economic Review: February 22,2017

  The big economic headline maker last week was retail sales, which saw healthy growth. Also, housing starts saw mixed performance, while layoffs rose, but remained in safe territory. Retail Sales Retail sales for January 2017 enjoyed a 0.4 percent gain to hit $472.1 billion, the Census Bureau reported last […]

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Economic Review: February 15, 2017

  Last Week’s Economic News In Review February 15, 2017 Layoffs saw a large drop, while consumer credit growth slowed, and wholesale inventories and sales both surged.  Initial Jobless Claims First-time claims for unemployment benefits filed by the newly unemployed during the week ending Feb. 4 plummeted past predictions to […]

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