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After a surprising decline of 0.5% in March, little recovery in retail buying in April reflects a lack of growth in spending power, a delayed impact of the higher payroll tax rate, and continued concern about the negative impact of the sequester. The combined fiscal drag from the increased payroll tax rate and sequester spending […]
Moderate job increases are ahead for the U.S., according to a much-watched economic index. The Conference Board Employment Trends Index (ETI) increased in April. The index now stands at 111.68, up from 111.61 (an upward revision) in March. The April figure is 3.8% higher than a year ago. “Despite weak economic activity, the Employment Trends […]
Continue reading …The Conference Board Consumer Confidence Index, which declined in March, increased in April. The Index now stands at 68.1 (1985=100), up from 61.9 in March. The Present Situation Index increased to 60.4 from 59.2. The Expectations Index improved to 73.3 from 63.7 last month. Nielsen, a provider of information and analytics about consumer trends, conducts the […]
Continue reading …A global economic storm is raging, putting a dark cloud over job growth. Several recent reports from the U.S. Bureau of Labor Statistics and other observers of the global and U.S. job markets and economy are likely to struggle to grow, at least during early 2013. Like the economy as whole, employment in the United […]
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