Wednesday, July 01, 2009

Construction Spending, Employment and Other Indicators

It has been a while since we did one of those economic indicator posts and today's various releases seemed like a good time to talk about numbers.

First, numbers from the government. Today brings us construction spending for May 2009, which was down .9 percent from April, which according to the New York Times is "nearly double the 0.5 percent drop that economists expected" (Sharp Drop in Construction Spending in May). Yesterday we got the new metropolitan employment and unemployment numbers from the Bureau of Labor Statistics (BLS). Those numbers showed "unemployment rates were higher in May than a year earlier in all 372 metropolitan areas" (from the press release).

The major news organizations have also been talking about a report from the firm Automatic Data Processing that show private employment decreasing 473,000 over June (a later number then the BLS numbers mentioned above).

Want to read a discussion of these various releases and what they mean? Check out the Wall Street Journal's "Private Sector Sheds 473,000 Jobs."

Still not enough? Check out the various library guides on business and economic topics.

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