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US factory orders fell 0.6 percent in April

  Companies placed fewer orders to U.S. factories for the second straight month and a key measure that tracks business investment plans fell, adding to evidence that the economy is weakening.   The Commerce Department said Monday that orders for factory goods fell 0.6 percent in April from March.   Demand for so-called core capital… Continue Reading US factory orders fell 0.6 percent in April

  A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month.   Even with the decline, sales are well ahead of last year’s level for the same month, suggesting the housing market is improving slowly.   The National Association of Realtors said Wednesday… Continue Reading Sales contracts for US homes dropped in April

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Colo. unemployment drops during April

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Colorado’s employment picture is looking a little rosier. Employers added 2,200 new jobs in April, offsetting cuts in government workers. The employment rate dropped four-tenths of a percent to 8.8 percent based on household survey results from the Colorado Department of Labor and Employment. The number of total employment was greater than the increase in… Continue Reading Colo. unemployment drops during April

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Construction spending inches up

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Total construction spending increased 2.7 percent nationwide during April. At the same time, spending was revised up from 0.2 percent to 0.9 percent for March. Reed Construction Data Chief Economist Jim Haughey called the news “the strongest construction spending report in many years.” The April spending gain was much larger than suggested by April’s 24,000… Continue Reading Construction spending inches up

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April hiring up so far

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Staffing employment so far in April is 19 percent higher than during the same month last year, according to the American Staffing Association’s Staffing Index. Some consider staffing employment to be one of several key economic and employment indicators, especially as the economy recovers from recession. The index has risen to 86 in April, up… Continue Reading April hiring up so far

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