In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Payrolls grew by 248,000 in September as unemployment fell below 6.0 percent
- Job cuts in September fall to lowest level in 14 years
- Private sector job market reports six straight month of gains over 200,000
- Initial unemployment claims fall by 8,000 in latest report
- New factory goods orders plunged in August but were flat minus transportation sector
- Mortgage applications remain essentially flat in latest report as rates slide
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