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Wall Street to Your Street
Retail sales have big jump in wake of hurricanes
October 17, 2017 | Mark Simenstad, Chief Investment Strategist
Retail sales were up 1.6% in September – the largest gain in 2 ½ years – following a 0.1% decrease in August (revised), according to the latest Retail Sales Report issued October 13 by the U.S. Department of Commerce.
Hurricanes knock job growth off track but unemployment rate falls
October 11, 2017 | Mark Simenstad, Chief Investment Strategist
Employment dropped in September for the first time after 83 consecutive weeks of growth, as economic activity was slowed by Hurricanes Harvey and Irma in Texas and Florida, according to the U.S. Bureau of Labor Statistics Employment Situation Report from October 6, 2017.
Fourth quarter market outlook: Is apathy driving down consumer savings rates?
October 4, 2017 | Mark Simenstad, Chief Investment Strategist
By most key measures, the American economy has been on a fairly sustained uptrend the past few years - a period when you might have expected consumers to begin socking away more money.
Employers add 156,000 new jobs in August
September 8, 2017 | Mark Simenstad, Chief Investment Strategist
Job growth slowed slightly in August, but the economy still added 156,000 new jobs, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued September 1. This marks the 83rd consecutive month of job growth. New jobs added in July were revised down from 209,000 to 189,000.
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