Friday, February 6, 2015

BuilderBytes' MetroIntelligence Economic Update for 2/6/15

Please click here to see the edition of BuilderBytes for 2/6/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • 2015 job cut report; 40% of 53,041 cuts due to falling oil prices
  • Initial unemployment claims rise 11,000 in latest report, but 4-week average down by 6,500
  • Labor productivity fell by 1.8 percent in 4Q 2014 due to an increase in hours worked
  • Mortgage applications rise 1.3 percent in latest survey as rates dip
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