Monthly Archives: January 2013

Fourth Quarter Economic Stall a Temporary Setback; Trudging Recovery to Continue

January 30, 2013 The U.S. economy contracted modestly in the fourth quarter as weak overseas economies and government spending cuts weighed on GDP. Although the decrease was unanticipated, it has little impact on the trajectory of the slowly expanding economy. Fourth quarter political wrangling over the fiscal cliff, spending cuts and the debt ceiling raised […]

December Hiring Steady Despite “Fiscal Cliff”; Uncertainty Restrains Upside Potential

January 4, 2013 The U.S. economy closed out 2012 with respectable job additions in December, culminating the year with hiring on par with 2011. The uncertainty created by the legislative impasse over federal taxes and spending likely restrained economic growth and job creation over the final months of the year, but the accord struck during […]