The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 2/03/12

Friday, February 3, 2012

BuilderBytes' MetroIntelligence Economic Update for 2/03/12

Please click here to see the edition of BuilderBytes for 2/03/12 on the Web.

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

  • Construction spending rose in December but still down by 2.0% for 2011
  • Private sector employment rose by 170,000 jobs in January
  • Planned job cuts rose by 28% in January, generally the heaviest job-cut month of the year
  • Initial unemployment claims fall by 12,000 in latest survey
  • Worker productivity decreased in fourth quarter of 2011 as labor costs rose by 1.2%
  • Manufacturing sector activity expands for 30th straight month
  • Mortgage applications fall by 2.9% in latest survey

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