U.S. Housing Starts Surge 11.2% in February, But Falling Permits Signal Future Slowdown

Building permit continues to decline Building permit, a major indicator of future building, fell to an annual rate of 1.456 million in 1.2% month. This decline increased the trend downward, with the permit now 6.8% from year to year. Single-family authorities remained relatively stable at 992,000 below 0.2% from January. However, permits for multi-family units…

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Job Growth Disappoints in February with 151K Payrolls; Unemployment Up

Meanwhile, the private sector showed flexibility, with the healthcare major employment benefits. The region added 52,000 jobs, maintaining its strong pace for the last one year. Financial activities were also expanded, 21,000 posts were added, while transport and warehousing saw an increase in 18,000-numer. However, the job growth in social aid increased to 11,000, below…

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