Monthly Archives: July 2012

Consumer Spending Falters as Economic Momentum Wanes; Retail Sales Remain Well Ahead of Last Year

July 18, 2012 Consumers’ contribution to economic growth shows signs of slowing as retail sales dipped for the third consecutive month, a surprising trend that has not occurred in nearly four years. Core retail sales remain at healthy levels, 8 percent higher than their pre-recession peak, but the pattern of monthly declines implies a growing […]

Companies Tap Temporary Workers as Summer Slowdown Takes Hold; Caution and Uncertainty Continue to Mute Recovery

July 11, 2012 First quarter hiring averaged 225,000 positions monthly, but the rate of job additions slackened dramatically in the second quarter to an average of 75,000 positions per month as rising uncertainty caused employers to assume a more cautious stance. June’s employment figure culminated this subdued trend, and for the third year in a […]