12/2/2014 Construction Spending (Oct)
Construction spending rose the most in 5 month to 1.1%, an annual rate of $970.99 billion. The estimated amount for October was at 0.6% by economist polled by Reuters.
These are healthy indicators that more people are seeing the value in construction and real estate.
http://www.reuters.com/article/2014/12/02/us-usa-economy-idUSKCN0JG1J420141202
12/3/2014 ADP Employment Change (Nov), Fed's Beige book
ADP Employment Change (Nov)
Private Sector employment rose by 208K. Private payroll have advanced more than 200K for 7 out of the last 8 months.
This is a good sign, as the US economy is able to gain ground while we are having a global slowdown.
http://www.reuters.com/article/2014/12/03/us-usa-economy-idUSKCN0JH1IG20141203
Feds Beige Book
The Fed's outlook on the US economy is very positive as lower gas prices, higher holiday spending, and employment growth are seen as the main factors. "Reports on residential real estate activity were mixed. About half of the Districts reported an increase in home sales," the report stated. "Many districts indicated that sales in the multifamily sector were stronger than sales in the single-family sector."
http://www.cnbc.com/id/102236679#.
12/4/2014 Initial and continuing jobless claims
Initial and continuing jobless claims
Initial claims fell by 17K to annual adjusted amount of 297K. Economist had estimated a drop to 295K. Continuing claims rose by 39K to 2.36 million.
This is a sign of a stabilizing job market as many hope we can continue trending in the same direction throughout 2015.
http://www.cnbc.com/id/102239019
12/5/2014 Unemployment Rate (Nov), Payroll (Nov)
Unemployment Rate (Nov)
US unemployment rate stayed at a 6 year low of 5.8% (reported by labor department).
Payroll (Nov)
Hourly earnings rose by 0.40% in November, a higher gain than what was estimated by economist.
This is a big deal since wages remained flat for so long. Many believe this is the last indicator needed to rise before inflation can get to the fed's target.
http://www.nytimes.com/2014/12/06/business/economy/november-jobs-unemployment-figures.html?_r=0
