A look at some of the key business events and economic indicators upcoming this week:
Construction spending has been mostly rising, thanks primarily to strength in residential construction.
In the first ten months of 2020, construction spending was up 4.3% over the same period in 2019. Single-family homebuilding has been a consistent bright spot for months as a lack of new homes has pushed builders to ramp up projects. The
Construction spending, monthly percent change, seasonally adjusted:
June 1.0
July 1.1
Aug. 2.0
Sept. -0.5
Oct. 1.3
Nov. (est.) 1.0
Source: FactSet
TOASTWORTHY RESULTS?
EYE ON JOBS
Economists predict that America’s employers sharply scaled back hiring in the final month of 2020.
They expect the
Nonfarm payrolls, monthly change, seasonally adjusted:
July 1,761,000
Aug. 1,493,000
Sept. 711,000
Oct. 610,000
Nov. 245,000
Dec. (est.) 114,000
Source: FactSet
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