Patrick Temple-West

WASHINGTON – U.S. employers shed 263,000 nonfarm payroll jobs in September, well above economists' estimates, as the unemployment rate increased to 9.8%, the Labor Department reported today.

Construction spending increased 0.8% in August as private residential construction jumped by the largest amount in almost 16 years, the Commerce Department reported yesterday.

Initial jobless claims increased by 17,000 to 551,000 in the week ending Sept. 26, the Labor Department reported yesterday.

WASHINGTON - Construction spending increased 0.8% in August as private residential construction jumped by the largest amount in almost 16 years, the Commerce Department reported today.

WASHINGTON - Initial jobless claims increased by 17,000 to 551,000 in the week ending Sept. 26, the Labor Department reported today.

Gross domestic product was revised higher in its final estimate to a 0.7% contraction in the second quarter, reflecting greater software purchases, the Commerce Department reported yesterday.

North Carolina on Tuesday expects to issue its first general obligation bonds in two years with a $383 million refunding deal that will price competitively.

WASHINGTON – Gross domestic product was revised higher in its final estimate to a 0.7% contraction in the second quarter, reflecting greater software purchases, the Commerce Department reported today.

Durable goods orders fell 2.4% in August, the largest monthly decline since January, as demand for transportation equipment slowed, the Commerce Department said Friday.

New home sales increased 0.7% in August as median new home prices dropped to their lowest levels in almost six years, the Commerce Department reported Friday.

WASHINGTON - New home sales increased 0.7% in August as the inventories and the median new home prices dropped to their lowest levels in almost six years, the Commerce Department reported today.

WASHINGTON - Durable goods orders fell 2.4% in August, the largest monthly decline since January, as demand for transportation equipment slowed, the Commerce Department reported today.

Initial jobless claims fell 21,000 to 530,000 for the week ending Sept. 19 as the four-week moving average fell to the lowest level since January, the Labor Department reported yesterday.

WASHINGTON - Initial jobless claims fell 21,000 to 530,000 for the week ending Sept. 19 as the four-week moving average fell to the lowest level since January, the Labor Department reported today.

WASHINGTON — Congress should only require mandatory clearing of standardized interdealer over-the-counter derivatives transactions in which at least one of the dealers is systemically significant, the chief executive officer of the International Swaps and Derivatives Association told lawmakers yesterday.

WASHINGTON — Initial jobless claims decreased by 12,000 to 545,000 for the week ending Sept. 12, falling to the lowest level since July, the Labor Department reported yesterday.

WASHINGTON - Initial jobless claims decreased by 12,000 to 545,000 for the week ending Sept. 12, falling to the lowest level since July, the Labor Department reported today.

Interactive Data Corp. and Pluris Valuation Advisors LLC have teamed up to provide what they contend will be first-of-its-kind daily pricing data for illiquid student loan and other municipal auction-rate securities.

Industrial production rose 0.8% in August, in line with economists’ estimates, though production was down 10.7% from a year ago, the Federal Reserve reported yesterday.

The consumer price index rose 0.4% in August, driven by higher gasoline prices, the Labor Department reported yesterday.