Economy Watch: Strong Jobs Growth in Various Industries
The gains in U.S. employment in October, which totaled a net of 214,000 jobs, were fairly widespread across various industries, the Bureau of Labor Statistics reported.
Economy Watch: Seniors Housing Builders More Optimistic
Builder confidence in the seniors housing market was up again in the third quarter, according to the latest survey by the National Association of Home Builders.
Market Snapshot: Steady Economy, Solid Gains in Employment Drive Positive Outlook for Boston’s Real Estate Market
Improving employment trends and a positive outlook of the local economy make Boston one of the most stable markets in the nation, according to recent research data published by Marcus & Millichap.
Economy Watch: ADP Says 230K Jobs Added in October
U.S. private-sector employment increased by 230,000 jobs in October, according to the latest ADP National Employment Report.
Economy Watch: Home Price Appreciation Even Slower
CoreLogic reported that home prices nationwide, including distressed sales, increased 5.6 percent in September compared to the same month last year.
Economy Watch: Construction Spending Drops in September
The Census Bureau reported that construction spending during September 2014 came in at an annualized rate of $950.9 billion, a drop of 0.4 percent compared with August.
Economy Watch: Personal Income Edges Up
U.S. personal income increased $22.7 billion, or 0.2 percent in September, according to the Bureau of Economic Analysis on Friday. During the same period, personal consumption expenditures (PCE)—people out-spending their personal income—decreased $19 billion, or also 0.2 percent.
Economy Watch: Q3 GDP Growth Surprises on the Upside at 3.5 Percent
The Bureau of Economic Analysis reported its first estimate for Q3 real U.S. gross domestic product on Thursday, finding that it increased at an annualized rate of 3.5 percent for the quarter, which was above expectation.
Economy Watch: RIP QE3
The Federal Open Market Committee has officially let the world know that the central bank’s stimulus of the economy, often known by the shorthand QE3, is over.