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Construction spending declines
It fell 0.4% in Sept. to an $843.1 bil annual rate. That's the fifth straight decline, the longest since the '90-'91 recession. The Aug. drop was revised to 1.2% from 1.1%. Spending on home improvement fell for a seventh straight month.
CEO departures climbed in Oct.
Eighty CEOs left last month, and the weak economy was to blame, says Challenger, Gray & Christmas. That was up 31% from Sept. But it was below a year ago, when a record 129 CEOs departed.
Campus recruiting down sharply
College career centers say far fewer firms are coming to them looking for workers. Consulting firms, once among the top hirers, now rarely attend college job fairs. College job officers say wages have held up, but signing bonuses and perks are gone.
Euro cash may spark inflation