Archive for: March, 2011

Signs of Life in the Job Market

Amy Berson-Sayers has been unemployed since March of 2008. She recently admitted that shortly after her 99 weeks of unemployment benefits ran out, she stopped searching for a job. Even when she was spurred on to look for work, she did it “half-assedly.”...

 

Consumer Confidence in March Shaken By Inflation Fears

U.S. consumer confidence was dealt a gut-wrenching blow in March, falling to 63.4 from a three-year high of 70.4 in February, the biggest one month decline in over a year. While U.S. consumers may have been able to shrug off a trifecta of...

 

Washington Fix Unlikely Even As Home Prices Fall

Rep. Dennis Cardoza, a fifth-term Democrat from California’s Central Valley, doesn’t need an economic indicator to describe the state of the housing market. Three cities in his district—Modesto, Stockton and Merced—have foreclosure rates...

 

Manufacturers Leading Recovery Despite Inflation

Prices for raw materials have skyrocketed but manufacturers are still charging forward. The manufacturing sector has a number of things going for it. The auto and machinery industries are doing quite nicely. Firms are cash rich right now and...

 

Fed Says ‘Inflations Ok’ But Higher Food Prices Strain Citizens

“Can I get the 2 for $3,” said 64-year-old Sarah Cabezas. “It’s 2 for $4 now,” retorted the McDonalds cashier. “What? When did it go up?” the befuddled high school teacher exclaimed. Cabezas’s exclamation was a first-hand...

 

Japan Crisis Will Push Down the LEI

The Index of Leading Economic Indicators (LEI) moved up to .08 from .01. However it will falter when March’s LEI is released because of the unexpected rise in oil prices caused by the unrest in the Middle East and especially the crisis in...

 

Food and energy prices soar

In the desserts aisle of a bustling Manhattan grocery store, South Carolina natives Nancy and Keith Huffaker place a box of assorted cookies in their shopping basket. They’ve come out to satisfy their after-dinner sweet tooth and though they...

 

Payroll Tax Cut Provides High Price Relief

Effects from the payroll tax cut boosted retail sales, offsetting the impact of higher prices of food and gasoline. Purchases for the month of February were $387.1 billion, representing a 1 percent increase from the previous month, and an 8.9...

 

Public Sector Layoffs Add To Unemployment Rolls

Hiring in key areas of the private sector has been bullish, but increasing layoffs in the private sector are still a major headwind to job growth. According to the US Bureau of Labor Statistics, the construction industry, which has been hampered...

 

Trade Deficit Widens due to Unexpected Surge in Imports

The U.S. trade deficit widened by an unexpected 15.1 percent to $46.3 billion in January due to a 5.2 percent jump in imports. Economists surveyed expected a gap of $41.5 billion. Higher purchases of capital goods, industrial supplies and auto...