Construction spending totaled $1.241 trillion at a seasonally adjusted annual rate in October, a record level before adjusting for inflation, 1.4% higher than in September, and 2.9% higher than the October 2016 rate, the Census Bureau
Nonfarm payroll employment in October increased by 261,000, seasonally adjusted, from September and by 2,004,000 (1.4%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate fell to 4.1% from 4.2% in September.
Construction Official Says Proposal Provides a Much-Needed Framework for Reducing Tax Burden on Construction Employers, Urges Congress to Include Infrastructure Funding as Well
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in reaction to the release today of a Congressional proposal to reform the federal tax code:
Inflation-adjusted gross domestic product (real GDP)—the value of all goods and services produced in the U.S., net of imports—increased 3.0% at a seasonally adjusted annual rate in the third quarter of 2017 (2017Q3), following a 3.1% rise in Q2, the Bureau of Economic Analysis