Last week's economic news review. 上週的經濟新聞評論
上週的經濟新聞評論 Last Week’s Economic News in Review April 12, 2017 Construction spending hit a near 11-year high, monthly employment saw mixed performance but was positive overall, and layoffs saw a solid decline. Construction Spending Construction spending in February returned to a growth trajectory, increasing to an annual rate of $1.19 trillion, which was 0.8 percent over January’s estimate of $1.18 trillion, the Census Bureau reported. While this was slightly off from economists’ projections of 1 percent growth, it was a positive turn from the previous month’s 0.4 percent contraction, and enough to put construction spending at the highest level since April 2006. Spending on private construction in February hit an annual rate of $917.3 billion, which was 0.8 percent higher than January’s pace of $910 billion, with residential construction surging to an annual rate of $484.7 billion, which was 1.8 percent over January’s rate of $476.1 billion. Construct...
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