by Raul Hernandez | Mar 30, 2016 | Personal Income
by Raul Hernandez The once positive economic outlook for 2016 took a hit as American consumers opted to save more and spend cautiously in February. Personal incomes rose 0.2% during the month, according to Monday’s release by the U.S. Commerce Department, but those...
by Jade Gardener | Mar 29, 2016 | Personal Income
By: Jade R. Gardener In the immediate aftermath of the recession, nervous Americans hoarded cash and were reluctant to spend their paychecks. Many people predicted a long-term shift in spending behavior. With the most recent personal income numbers revealing a...
by maryhanbury | Mar 28, 2016 | Manufacturing
by Mary Hanbury Orders for long-lasting factory goods dropped in February, indicating that the manufacturing industry is facing significant pressure. The headline figure dropped 2.8 percent, driven by a substantial drop in aircraft sales. Core capital goods– a proxy...
by Nico Grant | Mar 28, 2016 | Employment
By Nico Grant In December 2015, a robocall changed Brad Bassett’s life. His employer, Union Pacific Railroad, told Bassett that he was laid off from his $90,000-a-year job as a conductor. “They really don’t give a reason,” Bassett, 47, said. “You just get a phone call...
by joshuakeefe | Mar 28, 2016 | Manufacturing
By Josh Keefe The all-time record for U.S. auto sales was set in 2015, a record many analysts expect be broken again this year. But it’s not car sales that are driving a booming auto industry – it’s light trucks, which includes pickups, vans, SUVS and crossovers....
