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The Cost of Minimum Wage in Home Care

For JoAnn Holmes, a 65-year-old home health aide with 30 years of experience, getting by on $10 an hour was always difficult. It got harder last year when her company cut her work back to three days a week. When she asked her employers for a reason, they said, “We […]

Restaurateur Tom Douglas have raised prices at his restaurant following the raise in minimum wage. Here he is in front of Dahlia Bakery, one of his 19 restaurants and bakeries throughout the city. Photo by Joe Mabel via Wikimedia Commons.

Restaurant prices soar in Seattle as $15 moves closer

When Tom Douglas first heard about the plans of raising the minimum wage in Seattle to $15 an hour, he knew what it would mean for his business: higher costs. And he knew what that would mean for his customers, too: higher prices. Douglas, a 57-year-old chef and restaurateur, owns […]

Key things to watch in the Personal Income and Outlays report

At 8:30 on Friday, the U.S. Department of Commerce will release its monthly report on Personal Income and Outlays for March. Economists polled by Bloomberg predict a modest rise for the Personal Income, with a median estimate of 0.3% gain. The median estimate on the consumptions is at a weak […]

5 Things To Watch For In The Durable Goods Report

The Commerce Department publishes its first look at the durable goods report at 8:30 a.m. EST Tuesday. Economists expect the headline figure to increase 1.9 percent. That would be a moderate gain from 1 percent decline last month. Here’s what to look for in the report. 1. Boeing effect The […]

Five Things to Watch in the March Housing Starts Report

Five Things to Watch in the March Housing Starts Report

At 8:30 this morning, the Census Bureau will release its monthly report on housing starts for March. Economists polled by Bloomberg predicted a modest drop in housing starts for March, with a median estimate of 1.16 million, slightly down from February’s seasonally adjusted rate of 1.2 million. Economists attribute the […]

5 Things to Watch in the March CPI Report

5 Things to Watch in the March CPI Report

Tomorrow morning the Labor Department releases its monthly inflation report for March at 8:30 a.m., and economists surveyed by Bloomberg expect both the overall index and the core index (less volatile energy and food prices) to tick up 0.2 percent. The last two months saw solid growth in the core […]

Five things to watch in March retail sales

Q1 is almost in the books and so far it’s been a weak quarter for retail sales. At 8.30 AM today the Department of Commerce delivers the last piece in the puzzle. Expectations in the market are a small 0.1 increase in the headline number but the main event is […]