The Hardware Retailing Magazine Index soared in August, jumping 124.69 points, or 10.24 percent, closing at 1342.35, easily a record, and the highest index reading since December, 2013. Only Sears ended the month in negative terrain. The Commerce Department reported …
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Millennials and Baby Boomers Moving in Opposite Directions
As the economy is continuing to improve, Baby Boomers and Millenials are moving to opposite locations based on their current needs. According to an article by Realtor Mag, 17 million American move to a different county each year. Millenials are …
Read More »Manufacturing Activity Grows in July
Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, according to the latest Manufacturing ISM Report. The report, issued today by Bradley J. Holcomb, CPSM, …
Read More »Hourly Earnings Unchanged from May to June
Over the month, real average weekly earnings were unchanged in June, as a result of no change in both real average hourly earnings and the average workweek. Real average hourly earnings declined 0.1 percent, seasonally adjusted, from June 2013 to …
Read More »The State of Unemployment
In June, 17 states had unemployment rates that were significantly lower than the total U.S. figure of 6.1 percent, 8 states and the District of Columbia had measurably higher rates, and 25 states had rates that were not appreciably different …
Read More »Strong Remodeling Spending to Slow Pace Heading Into 2015
Growth in home improvement activity is expected to climax during the second half of 2014 and then begin to ease heading into next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at …
Read More »NRF Adjusts Annual Economic Forecast Down
The National Retail Federation lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in …
Read More »Homebuilder Confidence Jumps in July
The National Association of Home Builders (NAHB) reported its July Housing Market Index (HMI)—also known as the “homebuilder confidence index”—rose to 53 from the June reading of 49. Economists had been expecting a less-significant increase to 50. The report was …
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