BuilderBytes' MetroIntelligence Economic Update for 7/12/16

 

Please click here to see the edition of BuilderBytes for 7/12/16 on the Web.

In this issue of the MetroIntelligence Economic Update, we covered the following indicators:

• Planned job cuts rose 28 percent in June but still 26 percent lower than the 12-month average
• Federal Reserve opts to leave interest rates steady in wake of Brexit vote
• Initial unemployment claims fell by 16,000 in latest report
• Mortgage applications rose 14.2 percent in latest survey as rates dip to lowest level since May 2013
• 287,000 jobs created in June as unemployment rate rebounded to 4.9 percent
• Consumer credit rose more than 6 percent in May due largely to more car loans

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