Construction spending shows rebound with May rise
May construction spending rose 1.5 percent marking a second straight advance as non‑residential work surged. Office building up 29 percent, industrial plants up 27 percent, and shopping centers up 30 percent from a year earlier. The Conference Board warned rising unemployment may follow softer job ads. Exxon faced a $2 billion overpricing judgment for 1970s crude sales. The Soviet Union proposed cutting Urals price by 50 cents for July first half as OPEC planned Vienna meeting.
MENTIONED IN THIS ARTICLE
Associated Press
Commerce Department
Conference Board
U.S
Michael Sumichrast
National Association of Home Builders
Soviet Union
OPEC
Vienna
Austria
Ohio wholesale trade grows. 8,000 more jobs in five years
Government figures show Ohio wholesale firms employed 220,797 in mid March 1982, up 4 percent since 1977, with sales rising 29 percent to 79.6 billion. Merchant wholesalers led with 12,987 establishments and 37.5 billion in sales, while machinery and metals wholesalers posted strong regional gains. Cuyahoga County totaled 20.5 billion in sales, Ohio’s top market, as Cincinnati area and Cleveland Akron markets showed distinct leadership by sector.
MENTIONED IN THIS ARTICLE
Washington
Ohio
Commerce Department
Cuyahoga County
Hamilton County
Franklin County
Summit County
Montgomery County
Lucas County
Cincinnati-Hamilton
Lorain County unemployment at five year low in May
Lorain County's jobless rate fell to 8.5 percent in May, a five year low and down from 10.1 percent in April. State data show nationwide relief as other counties also posted sharp drops with service and fast food jobs cited as key factors.
MENTIONED IN THIS ARTICLE
Joe Klinec
Columbus
Lorain County
Ohio Bureau of Employment Services
Tom Gallo
Elyria
Gallo
Cuyahoga
Medina
Ashland
Huron
Erie
Harrison
Adams
Delaware
Treasury bills yields ease after week rise
The Treasury Department sold 7 billion in three month bills at 7 percent and 7 billion in six month bills at 7.08 percent, both down from last week. The rates at issue were the lowest since mid June and the implied yields understate actual returns at 7.22 percent for three months and 7.44 percent for six months.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Elyria breaks ground on Midland Title Security building
Construction begins Monday on a two story Cleveland Street office for Midland Title Security Inc. Greg Decker is contractor. Lorain County Insurance and Financial Services also to occupy space. The project holds 50 car parking and expects 50 to 60 workers with completion in about 90 days.
MENTIONED IN THIS ARTICLE
Elyria
Cleveland Street
Midland Title Security Inc
Midland
East Ave
Greg Decker
Decker Construction Co
Lorain County Insurance and Financial Services Inc
Floyd Decker
Ted E. Seward
Decker
John di Giando
Midland Title
di Giando
Ohio
di Grando
Spencer Antique and Classic Car Show Scheduled
The Spencer Historical Society hosts an antique and classic car show at Black River Middle School on Routes 162 and 301 this Sunday. Admission is 1 dollar. children free. Fees vary by display and judging status. swap meet and foods available. Bruce Firestone leads as chairman, contact numbers provided.
MENTIONED IN THIS ARTICLE
Spencer
The
Spencer Historical Society
Black River Middle School
Bruce Firestone
Also Mentioned on This Page
Sumichrast
Kenneth Goldstein
Labor Department
Securities and Exchange Commission
Commission
Exxon Corp
Exxon
Hawkins Field
East Texas
Cleveland-Akron-Lorain
Dayton-Springfield
Toledo
New York
Elyria, O
Chronicle-Telegram
F. Wnaional
Sy Bank de Ceacond Ope
Ort
Arly
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