The Commerce Department issues its September snapshot of construction spending Monday
A look at some of the key business events and economic indicators upcoming this week:
SPOTLIGHT ON CONSTRUCTION
The Commerce Department issues its September snapshot of construction spending Monday.
Spending increased 1.4% in August, led by a surge in single-family home construction. Strong demand for single-family homes has helped fuel new home construction. Meanwhile, spending on hotels, office buildings, shopping centers and other nonresidential projects has declined as the pandemic leads to more online shopping and working from home, and less travel.
Construction spending, monthly percent change, seasonally adjusted:
Sept. (est.) 1.0
STILL IN THE RED
ALL ABOUT JOBS
Economists predict the pace of job growth fell in October.
Nonfarm payrolls, monthly change, seasonally adjusted:
Oct. (est.) 650,000