Construction Spending Rebounded in November
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Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects.
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A spike in private-sector jobs in  November tentatively raised hopes of improvement in the U.S.  labor market on Wednesday while a jump in mortgage applications  offered some light in the dimming housing sector.
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Growth in the U.S. services sector  accelerated unexpectedly in November and third-quarter labor  costs grew more slowly than forecast, suggesting the economy  may be weathering a manufacturing slowdown with wage-driven  inflation coming under control.
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The nation's industrial sector ended 2004 on a high note, with manufacturing activity expanding in December for the 19th consecutive month, a research group reported. But the government said construction spending dropped in November as builders reined in projects in anticipation of higher interest rates.
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Economic activity outside the manufacturing sector grew at an unexpectedly strong pace in November, marking the 20th consecutive month of expansion, according to a private research group.
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The number of new U.S. jobs soared  at the sharpest rate in seven months in October, the government  reported on Friday, helped by a surge in construction activity  as hurricane-racked areas in the Southeast were rebuilt.
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America's factories saw orders go up by a strong 1.2 percent in November, the biggest advance in four months and a sign that the nation's manufacturing sector was gaining momentum as the new year loomed.
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U.S. personal spending jumped a much  bigger-than-expected 1.1 percent in November, the sharpest rise  in more than two years, while prices rose, a Commerce  Department report showed on Friday.
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The outlook for US manufacturing improved in November as factories hired more workers in response to a jump in new orders, a national survey published on Wednesday showed.
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U.S. producer prices recorded their  largest gain in more than three decades in November, while the  nation's pace of home building also rose for the month in a  sign of health for the housing sector.
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The outlook for U.S. manufacturing  improved in November as factories hired more workers in  response to a jump in new orders, a national survey published  on Wednesday showed.
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Consumer prices rose 0.2 percent in November following a 0.6 percent gain in October, according to data released Friday by the US Department of Labor&#39;s Bureau of Labor Statistics.
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NEW YORK Oct. 1, 2004 - Manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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U.S. construction spending fell  unexpectedly by 0.4 percent in November, as a cooling in  residential construction overpowered a small rise in public  spending, a government report showed on Monday.
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US consumers kept a closer eye on their wallets as they moved into the holiday shopping season, boosting their spending by a modest 0.2 per cent in November.
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WASHINGTON - America&#39;s consumers came off a buying binge and were somewhat less jolly spenders in November. New-home sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded.
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The US manufacturing sector expanded for the 18th straight month in November, according to a report Wednesday, outpacing analysts&#39; expectations.