The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 11/02/12

Friday, November 2, 2012

BuilderBytes' MetroIntelligence Economic Update for 11/02/12

Please click here to see the edition of BuilderBytes for 11/02/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Private sector employment rose by 158,000 jobs from September to October
  • Planned job cuts surge by 41% in October but YTD layoffs well below last year's pace
  • Construction spending in September up by 0.6% from August and by 7.8% from Sept. 2011
  • Consumer confidence continued to improve in October
  • Labor productivity rose by 1.9% annual rate during 3Q2012 even as compensation rose by 1.8%
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