The government said today that construction spending fell 1.2 percent in July — the biggest drop in five years. The main reason: home building is down. So we're at the point of asking, will housing take down the whole economy?
Jobless figures were expected to remain unchanged. Ashley Milne-Tyte reports the numbers will likely vindicate the Fed's decision to hold interest rates steady.
Consumer spending in August jumped to its highest point in six months. But a barometer that's predicted four of the last five recessions says we're firmly in the midst one. What's really going on? Bob Moon reports.
The Census Bureau releases its latest study on wage and poverty trends today. Helen Palmer reports that while the economy has grown, some research shows the poverty rate has risen.