Other News

Construction Industry Growth Looks to be a Year Away

There have been signs pointing to the construction industry – one of the last industries to recover after the recession – finally starting to grow this year. With building permits up and existing home sales rising, it looks like they are poised to experience growth immediately. In March building permits, […]

Wired to Hire

Last week’s April jobs report surprised economists and capped three consecutive months of the strongest job growth the country has seen in years. Unfortunately, the ranks of the unemployed are also growing – currently 13.7 million Americans are unemployed. Many employers are taking a ‘wait and see’ approach to adding […]

Private Sector Hirings Fuel Job Growth

The United States economy added more jobs than expected as the willingness of consumers to spend fostered private sector job growth. The month of April saw the addition of 244,000 jobs, the Labor Department reported Friday. This follows a gain of 221,000 jobs in March, and 768,000 jobs total since […]

Auto Sales Will Dip in April, Perhaps Beyond

This year’s brisk first quarter auto sales will show signs of slowing when April numbers are released early next week, experts say. “It’s nothing too drastic, but we’re looking at some deceleration,” said Max Clarke, chief U.S. economist with Singapore-based IDEAglobal Ltd. His company has scaled back their annualized predictions […]

GDP Expected to Slip

The Federal Open Market Committee announced on Wednesday it would complete purchases of $600 billion in treasury securities in June. Defending the strategy, also known as quantitative easing or QE2, Chairman Ben Bernanke said the Fed’s actions helped increase stock prices, reduce spreads in credit markets, and lower volatility. Earlier […]

Consumer Confidence Primed for April Resurgence

The Conference Board’s Consumer Confidence Index looks to make a rebound this month on the wings of signs that the turmoil that roiled Japan, the Middle East and North Africa in March is finally beginning to calm. The Index, which fell 8.6 percentage points to 63.4 in March, after having […]

Jobless Claims to Return to Normal

Initial claims for unemployment jumped from 385,000 to 412,000 in the first week of April, but experts say that this does not signal a reversal of the downward trend in layoffs.  Most economists forecast the number of initial weekly claims to go back below 400,000. The more reliable four-week moving […]

Housing picture bleak in spite of modest gains

Better weather and an improving jobs outlook likely pushed existing home sales upward in March, but foreclosures, tight credit and lingering unemployment continue to dog the housing market as it enters the spring selling season. Home sales will rise 2.5% to a seasonally adjusted annual rate of 5 million when […]