Job openings fell to 7.6 million by the end of December, a decrease of 556,000 from the previous month. Year-over-year, openings were down by 1.3 million.
News in end use
US to Pause Tariffs on Canada and Mexico for 30 Days
President Trump announced he would pause implementation of tariffs on Mexico and Canada for 30 days, AP reported.
US Construction Spending Rises 0.5% in December
Total construction spending in December was estimated at rate of $2,192.2 billion (SAAR), 0.5% above the revised November estimate.
US Multifamily Recovery Gained Momentum in Q4; Expectations High for Q1
CBRE reported that positive net absorption reached 183,600 units in Q4, the strongest fourth quarter performance on record.
US Imposes 25% Tariffs on Imported Products From Canada and Mexico and 10% Tariff on China
President Trump announced that he is imposing tariffs on imports from Canada, Mexico, and China, Reuters reported. The new tariffs take effect on February 4.
US Personal Income and Outlays for December
Personal income increased 0.4% in December; disposable personal income increased 0.4%; and personal consumption expenditures increased 0.7%.
Canadian Real GDP Contracts 0.2% in November
Real GDP decreased 0.2% in November, the largest monthly contraction since December 2023, following a 0.3% increase in October.
US Apartment Rental Asking Prices Decline for the Sixth Consecutive Month in January
The national rent index saw its sixth consecutive month-over-month decline, falling 0.2% in January, Apartment List reported.
US Real GDP Increases at an Annual Rate of 2.3% in Q4, BEA Reports in Its “Advance” Estimate
Real GDP increased at an annual rate of 2.3% in Q4, following an increase of 3.1% in Q3.
US Pending Home Sales Fall 5.5% in December
The NAR Pending Homes Sales Index declined 5.5% to a reading of 74.2 in December. Year-over-year, sales were down 5.0%.