News in end use


Weekly Jobless Claims Decrease in the Week Ending February 25th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 190,000 during the week ending on Saturday, February 25th. This is a decrease of 2,000 from the previous week’s unrevised level of 192,000. The 4-week moving average was 193,000.

US Construction Spending in January

On Wednesday, the US Census Bureau reported that total construction spending during January was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% below the revised December estimate of $1,827.5 billion. The January figure is 5.7% above the January 2022 estimate of $1,726.6 billion.

Canadian Real GDP Declines in December

Statistics Canada reported today that Canadian real GDP declined 0.1% in December, following a 0.1% increase in November. Goods-producing industries fell 0.6%, while service-producing industries remained unchanged.