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Staycations (Draft)
Staycation all I ever wanted. Staycation have to get away. After a winter of high gas prices and payroll tax increases, American households are likely to forgo big-ticket vacations this summer and spend their dollars closer to home by taking staycations. Tourism centers and hotels, recognizing the draw of staycations, are offering discounts and packages [...]
Does Uncle Sam want you? Maybe not
The tough economy combined with the winding down of the wars in Iraq and Afghanistan has led more people to consider careers in the military—but a good many of them are being turned away. Only about 25 percent of American youths currently meet enlistment criteria, while the military is recruiting fewer men and women than [...]
Demand For Fur Sends Prices Skyrocketing
The dimly lit showroom at Marc Kaufman Furs is stuffed full of fur coats of every shape and size. Those furs are getting more expensive. “We’ve never seen prices of fur at this level. This is the highest it’s ever been, and because it’s increasing at such an increase, it’s causing us to be a [...]
Soaring Home Prices: An Economic Mirage?
Home prices are rising steadily for the third month in a row across the United States, but that might not be as good you think. The Case/Shiller Home Price Index for February came in at 9.6 percent year over year growth, stronger than last month’s impressive 8.1 percent. And when seasonally adjusted, none of the [...]
April U.S. Auto Sales expected to be stable
Auto sales are estimated to remain flat compared to last month but up from April 2012, making the automobile industry one of the economy’s strongest sectors. New car sales will remain above a 15 million unit annual selling pace for the sixth consecutive month, according to economists surveyed by Bloomberg. While Kelley Blue Book projects [...]
Manufacturing to show modest growth
Manufacturing in April grew only modestly, keeping pace with a slow recovery that has sagged in recent months. “Manufacturing activity continues to expand at a barely break-even pace,” said Russell Price, senior economist for Ameriprise Financial. The Purchasing Managers Index, or PMI, will be released May 1 and will hover just above 50. The number [...]
Personal income expected “to settle”
Personal income may have succumbed to an anemic equilibrium in March following months of fluctuations, with forecasters anticipating a slight uptick in Monday’s official report from the Commerce Department. Due to a tough job market, tax increases and cuts in government spending, personal income is expected to have risen about 0.4 percent in March, according [...]
Orders for durable goods expected to fall for March
Economic growth started strong early this year but has stalled, and a report for long-lasting goods, which will be released Wednesday, is expected to show one more sign of the economy weakening. The durable goods indicator has been rising in recent months due to increased airline sales, but those sales slowed in March. Other economic [...]
Home Sales Expected to Make Steady Gains in March
Sales of existing homes are expected to rise in March, falling in line with the housing recovery over the past year. Economists surveyed by Bloomberg predict existing home sales rose 0.6 percent in March, to an annual rate of 5.01 million. The National Association of Realtors will release the report at 10 a.m. Eastern on [...]
