Value of building work on the rise in June quarter
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The value of residential building work carried out in the June quarter was up 26 per cent on the same period last year, and 11 per cent on the March quarter, Statistics New Zealand (SNZ) said today.
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Employers added a solid 132,000 new jobs in June and boosted payrolls more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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British house price inflation remained in double-digits in June and prices in the service sector accelerated, according to two separate surveys on Wednesday that reinforced expectations interest rates would go up this week.
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Business & money: House prices unexpectedly leapt 1.1% in June, the biggest rise since December.
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WASHINGTON -- Spending on construction projects unexpectedly edged up in August as the best gain in nonresidential activity in 11 months offset another big decline in home building.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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The Commerce Department said consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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Jobs report shows robust economy in June.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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U.S. employers added a stronger-than-expected 132,000 new jobs in June and also boosted payrolls more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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The Labor Department issues its report on unemployment for June this morning at 8:30 a.m. EDT. The average forecast of economists surveyed by MarketWatch sees nonfarm payroll growth of about 175,000 in June, following a tepid 75,000 gain in May. But a report earlier in the week from payroll giant ADP predicted a gain of about 380,000, more than twice as big.
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Investor's Business Daily - The Nat&#39;l Assn. of Purchasing Management&#39;s regional business activity surveys rose in June. The Chicago-area gauge eased to 60.2 vs. 61.7, but still remains solid. The Milwaukee index jumped to 66 from 58. Better auto production and exports helped, and could boost national activity. The index for New York City rose to 451.5 from 450.2, and the outlook improved as well.
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Employers added a stronger-than-expected 132,000 new jobs in June and also boosted payrolls more strongly than previously thought in April and May.
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Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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OTTAWA (CP) - Building intentions cooled in August after a hot June and July, says Statistics Canada. The value of building permits issued by municipalities in August fell by 4.6 per cent to $4.