Monthly Archives: October 2012

Consumer Confidence Surges on Expectations, Lifting September Retail Sales

October 18, 2012 Stronger employment growth, lower unemployment claims, improved stock market returns, and lower gasoline prices helped boost a sharp rise in consumer expectations, pushing the overall Consumer Confidence Index to 70.3 in September and marking the highest reading in seven months. Despite tepid wage and income growth, consumers are saving less, but spending […]

Drop in Unemployment an Upside Surprise; Jobs Recovery Positive but Sluggish

October 5, 2012 The U.S. economy continues to slowly improve as the unemployment rate fell below 8 percent for the first time in four years, though employers await signs that the global economic recovery has taken root before hiring at a faster pace. Recent developments helped stabilize the financial situation in the eurozone, which should […]