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Retail Sales Turn Negative: Can Government Be Blamed?
The Department of Commerce’s retail sales report for September was delayed by more than two weeks thanks to the 16-day partial shutdown of the federal government. During those 16 days, consumer...
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ADP: Labor Market Undeterred By Government Shutdown
November was not only the strongest month for job growth in 2013, but payroll processor ADP’s monthly National Employment report also showed that employers added workers to their payrolls at the most...
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Can Increasing Consumer Spending Be Sustained in 2014
“Consumer spending remains strong going into 2014,” TD Securities economist Gennadiy Goldberg told the Wall Street Journal earlier this month after the Department of Commerce released November’s...
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Winter Economics: Consumer Spending Concentrated on Heating Needs
Economic reports in the first two months of the year have provided conflicting diagnoses about the health of the American consumer — whose spending accounts for approximately 70 percent of the United...
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Consumer Sentiment: We Need Income Growth
While certain aspects of the economy are showing signs of improvement, consumer sentiment declined this month as income growth remains depressed. According to Thomson Reuters/University of Michigan’s...
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Half of Americans Are Still Too Broke to Make Major Purchases
Although the worst days of the recession have long since passed, many of us still remember it as it lingers in the back of our minds. It wasn’t all that long ago when unemployment rates reached the...
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