Since early 2010, we have emphasized that the economic recovery would exhibit unusual sector differences and persistent weakness in job growth relative to historical experience. That theme still persists.
Total construction spending rose 0.2 percent in September, the second consecutive monthly increase. Prior months’ data were revised downward. Residential outlays rose 0.7 percent and nonresidential fell 0.1 percent.
The Kitawanga sawmill near Hazelton, BC has shutdown only a few months after opening in July. The mill’s owners, Pacific Bioenergy, said they had to shutdown the mill temporarily due to unforeseen market events