More worrisome economic news: Personal spending down for first time in two years as inflation eases
The parade of bad economic news just keeps coming like an endless line of clowns piling out of a tiny car at the circus. However, it's anything but entertaining as the "recession" word gets mentioned ever more frequently. Today's entries come from the...
Weekend Snowstorm Caused Consumer Spending to Fall by Almost Half in the East
Filed under: EconomyAverage daily spending by consumers in the Northeast dropped 46 percent in the two days after the big snowstorm compared to the pre-Christmas period. Permalink | Email this | Linking Blogs | C...
Robert Reich’s Advice to Obama: Pick Fights, Connect Dots on the Economy
Filed under: Budget, Taxes, 2012 President, Medicare, EconomyThe former labor secretary says the economy won't recover unless middle class incomes go up -- and Democrats ought to run with that narrative. Permalink | Email this |&nbs...
Retail Sales Slump in May; Biggest Drop in Eight Months
Filed under: Economy, Obama Administration, Unemployment, JobsConsumers put the brakes on spending last month as retail sales dropped 1.2 percent compared to April. It was the steepest decline in eight months. Permalink | Email this ...
Consumer Spending Weak in April, More Evidence of Slow Recovery
Filed under: Economy, Obama Administration, Unemployment, Jobs
Consumer spending was stagnant in April, the government reported Friday -- more evidence of a slow economic recovery.
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Filed under: EconomySigns Indicate Consumer Mood Is Improving
Consumers are starting to open their wallets again, as new economic figures show a rise in factory output, a slightly better jobs picture and increased retail sales.
Americans aren't just buying necessities; they're beginning to once again purchase bigger-ticket items...
Top Economists Say Recovery is ‘Firmly on Track’
Top forecasters are encouraged by the U.S. economy, according to a new survey of 48 economists by the National Association for Business Economics, CNN Money reports. The group predicted that the economy will grow 3.1 percent in 2010 and 2011 -- just slightly lower than their...
While I understand little of economics, having relied on the kindness of my college friends to get me through Econ 101, my eye nonetheless landed on a Recovery Growing? Retail Sales Rise in March as Shoppers Reemerge
Filed under: Economy, Energy, Obama Administration, Jobs, Transportation
Retail sales climbed 1.6 percent in March as shoppers emerged from the winter doldrums to buy automobiles and other goods in a broadening of the economic recovery.The March jump in...
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