Despite Very Weak Industrial Construction Starts, U.S. Unemployment Rate Drops in November
Posted on December 11, 2012 at 02:11 AM EST
SUGAR LAND--December 11, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Both the unemployment rate and industrial construction starts have been difficult to pin down in the U.S. throughout 2012. Inconsistency has been the mantra of these two key economic indicators this year as the country struggled through slow economic growth, high oil and gas prices, and a presidential election that slowed everything down. Now that the election is over and the country's path for the next four years has been determined, the country must adjust to what the future holds. In November, industrial spending took a significant dive as companies played wait-and-see with the election while the unemployment rate, somewhat unexpectedly, dropped from 7.9% to 7.7%.