The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 8/03/12

Friday, August 3, 2012

BuilderBytes' MetroIntelligence Economic Update for 8/03/12

Please click here to see the edition of BuilderBytes for 8/03/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Private sector jobs grew  by 163,000 from June to July
  • Planned layoffs declined for second consecutive month in July
  • Construction spending rose by 0.4% in June; May increase also adjusted upwards
  • Federal Reserve decides to take no further action to stimulate the economy for now
  • Manufacturing sector activity contracted in July but overall economy still growing
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