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Construction spending advanced .9% in November beating expectations as the index hit a 10-year post bust high.

Nineteen states will increase the minimum wage this year including California as it joins Alaska, Arizona, Arkansas, Colorado, Connecticut, Florida, Hawaii, Maine, Massachusetts, Michigan, Missouri, Montana, New Jersey, New York, Ohio, South Dakota, Vermont, and Washington to start 2017. Oregon, Washington, D.C., and Maryland will raise the minimum wage later this year. Increases vary by state but California’s minimum wage is $10.50 per hour effective January 1st 2017 an increase of 50 cents.

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