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October 2017 Job Cut Report: 29,831 Cuts, Lowest 10-month Total Since 1997

U.S.-based employers announced 29,831 job cuts in October, down 3 percent from the same month last year. So far in 2017, employers have announced 25 percent fewer job cuts than they did in the same period last year. This is the lowest ten-month total since 1997, when 328,816 cuts were announced through October.READ MORE

Online job vacancies rose 1.8 percent in October, 1.52 total unemployed for each new job

Online advertised vacancies increased 81,500 to 4,563,800 in October, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The September Supply/Demand rate stands at 1.52 unemployed for each advertised vacancy, with a total of 2.3 million more unemployed workers than the number of advertised vacancies. Show More Summary

October manufacturing sector index dips 2.1 points from September to 58.7

The October PMI® registered 58.7 percent, a decrease of 2.1 percentage points from the September reading of 60.8 percent. Comments from the panel reflect expanding business conditions, with new orders, production, employment, order backlogs...Show More Summary

Fed opts to leave interest rates at current levels in latest meeting

In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.READ MORE

September construction spending rose 0.3 percent, but private construction fell 0.4 percent

September construction spending increased 0.3 percent from August to $1.22 trillion and was up 2.0 percent on a year-on-year basis, although that rise was due to public spending. Investment on private construction projects fell 0.4 percent, the third straight decline.READ MORE

ADP: Private sector jobs grew by 235,000 in October

Private-sector employment increased by 235,000 from September to October, on a seasonally adjusted basis. This compares to 110,000 in September and just 62,000 in October of 2016.READ MORE

Case Shiller Index up 0.5 percent in August and 5.9 percent year-on-year

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.1% annual gain in August, up from 5.9% in the previous month. Before seasonal adjustment, the National Index posted a month-over-month gain of 0.5% in August.READ MORE

October consumer confidence rises to highest level in almost 17 years

Consumer confidence increased to its highest level in almost 17 years October after remaining relatively flat in September. Consumers’ assessment of current conditions improved, boosted by the job market which had not received such favorable ratings since the summer of 2001.READ MORE

Employee compensation costs up 0.7 percent in 3Q 2017 and 2.5 percent year-on-year

Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending in September 2017. Wages and salaries increased 0.7 percent, and benefits increased 0.8 percent. Costs increased 2.5 percent for the 12-month period ending in September 2017. READ MORE

State Street Investor Confidence Index hits 6-month low on concerns about more hawkish Fed Chair

The State Street Global Investor Confidence hits 6-month low in October, declining by 7.5 points to 96.9. Confidence in all three regions drops amidst the increasing potential for a new Fed Chair.READ MORE

October Chicago Business Barometer rises to highest level since March 2011

The MNI Chicago Business Barometer rose to 66.2 in October, up from 65.2 in September, hitting the highest level since March 2011.READ MORE

Disfiguring a PoMo Icon

On Monday Snøhetta released renderings of their proposed renovation of 550 Madison Avenue, better known as the AT&T Building, designed by Philip Johnson and John Burgee and completed in 1984. The main rendering reveals that a section...Show More Summary

Book Review: LOT-EK: Objects and Operations

LOT-EK: Objects + Operations by Ada Tolla and Giuseppe Lignano with Thomas de MonchauxThe Monacelli Press, 2017Hardcover, 400 pages [Cover via LOT-EK] If one architecture firm deserves credit for sticking to its guns, it's LOT-EK. The...Show More Summary

Lennar to buy CalAtantic to become No. 1 home builder

Home builder Lennar has announced an industry-changing purchase of CalAtlantic (itself the merger of Ryland and Standard Pacific in 2015):The business combination will create the nation's largest homebuilder with the last twelve months...Show More Summary

Inflation tracker PCE Price Index up 0.4 percent in September and 1.6 percent year-on-year

The PCE price index increased 0.4 percent in September, and was up 1.6 percent year-on-year. Excluding food and energy, the PCE price index increased 0.1 percent, and was up 1.3 percent year-on-year.READ MORE

Personal income up 0.4 percent in September while spending spiked up 1.0 percent

Both personal income and disposable income increased 0.4 percent in September, while personal consumption expenditures (PCE) increased by a much sharper 1.0 percent. The August and September estimates of personal income and outlays reflect the effects of Hurricanes Harvey and Irma. Show More Summary

Today's archidose #985

Here are some black-and-white photos of UNStudio's Central Station (2015) in Arnhem, the Netherlands. (Photos: Marc Lankhorst) To contribute your Flickr images for consideration, just::: Join and add photos to the archidose poolTo contribute your Instagram images for consideration, just::: Tag your photos #archidose

Consumer sentiment slips slightly in late October but still at high levels

Consumer sentiment slipped ever so slightly in late October, despite remaining at its highest monthly level since the start of 2004. This is only the second time the Sentiment Index has been above 100.0 since the end of the record 1990's expansion, and its average during the first ten months of 2017 (96.7) has been the highest since 2000 (108.5).READ MORE

Third quarter GDP rose by 3.0 percent in first estimate

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017 according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. READ MORE

IALab commissioned to build The Edge of Chaos

On October 25th at the Cinekid Festival in Amsterdam, the Bartlett’s Interactive Architecture Lab was awarded an art commission of €15,000 for their immersive installation proposal “Edge of Chaos”.  It is one of three original artworks commissioned from 170 entries from 106 countriesto the... Read More

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