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 […]
Author: Tanvi Acharya
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 […]
Broad-Based Decline In Durable Goods Last Month
Low oil prices and weak global economies play major roles as new orders declined for durable goods last month, which was the third drop in the last four months. The headline figure for the new orders of these long lasting manufactured goods fell 2.8 percent. While this did not […]
Tire Industry Struggles Against Imports Despite Strong Year
Tire manufacturers are riding the auto boom to increase production but they continue to lose market share to imports they cannot compete with. Last year tire shipments, which represent the amount of tires sent to customers, crossed 310 million units – the highest in a decade. But production increased […]
Durable Goods Jump But Not Satisfactorily
New orders last month for long lasting manufacturing goods turned in the highest increase in 10 months, soothing the fears of an impending recession. Durable goods for January rose to 4.9 percent after a steep decline of 4.6 percent in December. The increase exceeded most economist’ […]