According to the U.S. Commerce Department for the first time since the first quarter of 2011, the U.S. economy has contracted. Although it is projected to be a temporary setback, the economic stumble represents a bleak start to the year. Government economists had originally projected an estimated 0.1 percent sluggish growth rate, and blamed the […]
According to Census data, retail sales in April were described by economists as “shockingly weak,” hinting at a questionable future for the marketplace. Expectations were for a 0.3 percent increase, yet import prices fell 0.4 percent. Capital Economics contends that although the GDP (Gross Domestic Product) growth in the second quarter was not as large as […]
March was a good month for jobs growth in the United States and, now that April is in the books, it appears that the job growth spurt is continuing to stoke the economy, spurred by the improvement in the housing market. There is, however, some dark cloud looming on the horizon that could put a […]
