Economic News in Review Greenville SC - Sept 10, 2014
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC. Hiring suffered an unexpected slow-down; new claims for unemployment benefits saw a slight increase, but remained on solid footing; and construction spending enjoyed a rebound. Employment The latest jobs figures showed the unemployment rate down, but weak job growth. While the unemployment rate ticked down to 6.1 percent in August, the economy added only 142,000 non-farm jobs, the Bureau of Labor Statistics reported last week. August’s new jobs total ranked well under the more-than-200,000 jobs that has been the norm over several months. That said, economists warned not to panic at August’s weak job growth as statistically it did represent a trend, and because other aspects of the economy pe...