Monthly Archives: April 2013

March Retail Sales Dip as Increased Payroll Taxes Erode Discretionary Budgets; Spending Likely to Rise in Second Half

April 17, 2013 Restrained discretionary spending likely induced by increased payroll taxes generated weaker than expected retail sales performance in March; a sharp drop off from the solid numbers posted in the prior two months. However, the coinciding downshift in the labor market and decelerating income growth lent little foundational support for consumption. The discretionary […]

Plodding Employment Recovery Remains On-Track

April 5, 2013 Though job creation remained positive last month, its loss of momentum reiterated weakening performance in both initial unemployment claims and mass layoffs. Employers made only modest additions to payrolls last month, and the slowdown has renewed debate regarding the effects of the sequester, increased payroll taxes, and the Affordable Care Act. The […]