According to a recent report that was issued by the U.S. Federal Reserve, economic recovery is considered to be on pace. The agency was certain to note that while recovery is coming along, that it’s at a snail’s pace, coining the current pattern as “moderate,” “modest” and “measured.” This comes …
Read More »Sudden Drop in Manufacturing Halts Record Gains on U.S. Stocks
The Standard & Poor’s 500 Index reflected dismal numbers for May, helping, in part, to instigate an index wide drop in stocks early this month as the stock market – and weary investors – reacted to the halt in domestic manufacturing operations. The S & P was at its lowest …
Read More »Reduced April Consumer Spending Telling of Snail-Paced U.S. Economic Recovery
While it’s no mystery that the U.S. financial market has been on the rebound since virtually collapsing in its entirety in 2006, it’s also not been an easy road to trot down. The slow and agonizing pace of the economic recovery has been has been hindered and hampered at nearly …
Read More »Joblessness Rate Continues to Drop as U.S. Economy Recovers
According to the U.S. Department of Labor, the rate of joblessness is on the decline. At the end of last week, Americans filing for unemployment were continuing on a downward trend that’s been apparent since the start of the fiscal year of 2013. Claims dropped by 23,000, down to just …
Read More »Wall Street Notches Fifth Consecutive Day of Gains
JPMorgan Chase & Co (JPM.N), Whole Foods Market Inc (WFM.O), and several others notched impressive gains at the close of the market yesterday, underscoring the fifth straight day of gains for Wall Street. Technology stocks also fared well, with Apple (AAPL.O) gaining nearly a full point by close of day. …
Read More »Private Sector Job Growth Less Than Expected in April, According to ADP
While America is on the slow track to recovery, it’s important to be mindful that recovery is, by its mere continence, a long, arduous process. During the month of April, private sector job growth was slowed down to only 119,000, says ADP (Automatic Data Processing, Inc.). Private employers only grew …
Read More »Forecasters Say US Economy Still Needs Recovery Time
Forecasters had anticipated that the US economy would grow at a projected 3 percent rate, but have since rescinded that notion. Today the Bureau of Economic Analysis released its advanced projections, much to the dismay of investors abroad. US economic output only increased at 2.5 percent, half a point shy …
Read More »Dow Jones About to Break All-Time High; Worries of China Slowing Stock’s Climb
Mark Luschini, chief investment strategist at Janney Montgomery Scott, had some wonderful news to deliver this Monday morning as investors eagerly watched the index and monitored their gains and losses, in lieu of a virtually record breaking day in the stock market. “The Dow is what gets all the news …
Read More »What Recession? U.S. Household Worth Rose $1.7 Trillion in ’12
While naysayers would still claim we are in the throes of a lasting recession, one that’s been offset again by the recent federal budget cuts, and while some might argue that we are not out of the thick just yet, the facts paint a rather different, prettier picture. For example, …
Read More »What Bad Economy? ADP Shows 198k Jobs Added in ’12
The Roseland, New Jersey-based ADP Research Institute today unveiled its numbers for total job gains in the nation for last year, and they actually look pretty good. According to ADP, more than 198,000 were added in 2012 in the U.S. In conjunction with that report, a recent report that was …
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