BuilderBytes' MetroIntelligence Economic Update for 8/1/14

Please click here to see the edition of BuilderBytes for 8/1/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Planned job cuts jumped in July largely due to Microsoft layoffs
• Initial unemployment claims rise in latest report, but 4-week average lowest since April 2006
• Compensation costs rose 0.7 percent for 3-month period ending in June
• Mortgage applications fall 2.2 percent in latest report as rates remain unchanged
• Federal Reserve votes to keep interest rates at current levels, end QEIII with October meeting

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