Tag Archives: news

Home Starts Jump to Four-Year U.S. High as Demand Firms

From Bloomberg:

Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis.

Beginning home construction jumped last month to an 872,000 annual rate, the fastest since July 2008 and exceeding all forecasts in a Bloomberg survey of economists, Commerce Department figures showed today in Washington. An increase in building permits may mean the gains will be sustained.

Bad News and Good News on the Economy

Fedex says the global economy is worsening:

‘”Weak global economic conditions dampened revenue growth (and) drove a shift by our customers to our deferred services,” Chief Financial Officer Alan Graf said in a statement.’

Meanwhile, Kohl’s is more positive:

‘ [Kohl’s Department Stores]¬†unveiled plans on Tuesday to hire 52,700 seasonal workers this year. That’s a 10% jump in seasonal hiring compared to last year … ‘