Three Financial Facts of the Week: October 19, 2015

Provided by Moerschy
Provided by Moerschy

Fact #1
U.S. residential construction spending in August reached a six year high—yet there were 676,500 fewer workers to handle the work, as a nationwide shortage of construction workers is making it tough for many home builders to deliver new homes on time.
Source: Wall Street Journal

Fact #2
U.S. colleges received a record $38 billion in charitable donations in 2014, according to the Council for Aid to Education – a sum that helped make up for the continuing shrinkage of appropriations from state governments.
Source: CNBC

Fact #3
China’s economic growth slowed to 6.9% in the third quarter, slipping below 7% for the first time since 2009, government data showed Monday, adding to concerns that a slowdown in China may reduce global growth momentum.
Source: MarketWatch

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