Author Archives: MATT OTT

US construction spending fell 1.1 percent in June

Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. Continue reading

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Annual US worker pay gains rose at fastest pace since 2008

U.S. workers saw their wages and benefits grow more slowly in the second quarter, a sign that a tight labor market has yet to accelerate income gains. Continue reading

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Consumer confidence bounces back in May

American consumers were feeling more a bit more optimistic in May following a slight decline in confidence in April. Continue reading

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US pending home sales slump 4.7 percent in January

The pace of Americans signing contracts to buy homes fell 4.7 percent in January to its lowest level in more than three years, due to a lack of homes for sale, higher prices and rising interest rates. Continue reading

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US pending home sales rose 0.5 percent in December

The pace of Americans signing contracts to buy homes rose for a third straight month in December, raising an index of pending home sales by 0.5 percent. Continue reading

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US service sector expands at slower rate in December

U.S. services companies expanded at a slower pace in December for the second straight month. Continue reading

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US construction spending hit record high in November

U.S. builders spent 0.8 percent more on construction projects in November. Continue reading

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Applications for US jobless aid hold at 245,000

The number of unemployed workers filing for jobless benefits remained the same from the previous week at 245,000, a low level signaling a healthy job market. Continue reading

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US new home sales skyrocket 17.5 percent in November

Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market. Continue reading

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US durable goods orders rise 1.3 percent in November

Orders for long-lasting manufactured goods rose last month by 1.3 percent, boosted by orders for both commercial and defense aircraft. Continue reading

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US construction spending up 0.3 percent in September

U.S. construction spending increased 0.3 percent in September, as the biggest advance in government building activity in four months offset weakness in other areas. Continue reading

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US pending home sales flat in September

The number of people who signed contracts to buy homes was flat in September, reflecting an ongoing nationwide shortage of homes being listed for sale. Continue reading

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US factory orders increase 1.2 percent in August

Orders at U.S. factories increased by 1.2 percent in August, driven by strong gains in aluminum and other metals, industrial machinery and autos. Continue reading

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US pending home sales fell 2.6 percent in August

Fewer people signed contracts to buy homes in August, marking the fifth decline in the past six months. Continue reading

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US businesses increase stockpiles in July

U.S. businesses increased their stockpiles in July, but at a slower pace than in June. Continue reading

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US factory orders tumbled 3.3 percent in July

Orders at U.S. factories tumbled in July, dragged down by a sharp fall in orders for civilian aircraft. Continue reading

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US businesses increase stockpiles in June

U.S. businesses increased their stockpiles in June by the largest amount in seven months, while sales also rose. Continue reading

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US employment costs grew slower in second quarter

Wages and benefits paid to U.S. civilian workers grew more slowly in the second quarter. Continue reading

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Consumers increased borrowing by smallest amount since 2011

American consumers increased their borrowing at the slowest pace in April than they have in almost six years. Continue reading

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Construction spending fell 1.4 percent in April

U.S. construction fell in April by the largest amount in a year, reflecting weakness in homebuilding, non-residential construction and government projects. Continue reading

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