ARCHIVED BLOG POSTS
2016
Manufacturing in the Chicago region unexpectedly picked up in June after nearly a year of downward pressure. The Chicago PMI report surged to 56.8 in June, above the 50.8 expected and well above the 49.3 recorded in May. The gains were led by improving production along with an increase in new ord...
06/30/2016
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Now hiring? Not so much in May. The May Jobs Report showed employers added just 38,0000 new workers, the lowest number since September 2010 when it was a negative 52,000. While the 35,000 Verizon employees who were on strike made a dent in the employment numbers, hiring was nowhere near the 155,0...
06/03/2016
Construction spending in the U.S. fell by its largest margin in more than five years in April as housing, nonresidential construction and government spending all saw declines. Construction spending fell 1.8% in April, the largest decrease since the -4.1% drop in January 2011. Estimates were calli...
06/01/2016
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans