“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 […]
Latest News
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 […]
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 […]
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 […]
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 […]
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 […]
Feb Jobs Report – Best in 3 years, but no ticker tape just yet…
The Bureau of Labor Statistics announced that the US unemployment rate fell to 8.9 percent, nonfarm payrolls increased by 192,000 and 222,000 private-sector jobs were […]
With Gas Prices Up, New Auto Sales Follow
U.S. auto sales surged by 27 percent in February, as a hike in oil prices sent consumers shopping for more efficient vehicles. With an annualized […]
Increased Consumer Confidence Could Spell Signs of Recovery
Consumer confidence climbed to its highest level since the early days of the recession in February, outpacing many analysts’ expectations. According to the Conference Board, […]
U.S. GDP Revised Downward for Fourth Quarter
The United States’ economy grew slower than previously thought, said the Commerce Department on Friday. The advance estimate of the real gross domestic product – […]