- Job openings unexpectedly increased in August after 2 straight monthly declines, but hiring was soft and consistent with a slowing labor market.
- In September, however, private sector hiring picked up, according to ADP. The labor market is holding its ground despite some signs of weakness.
- Fed Chair Powell said the recent half-point policy rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive.
- August’s pending home sales edged up 0.6% from July's record low but were down 3% year over year as affordability remains a concern.
- Construction spending fell in August as companies scaled back projects while awaiting confirmation of Fed rate cuts.
- A fall 2024 Investor Sentiment Index showed that 68% of investors view the current housing market as “better” or “much better” than a year ago.
Reach out: erincarvelli.com \\ (908) 489-4658 \\ [email protected]
