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Consumer sentiment hit by fiscal policy concerns in March

Consumer sentiment tumbled to its lowest since December 2011 in early March, hit by dissatisfaction with government economic policies and as fewer Americans expected to see improvements in growth or the labor market, a survey released on Friday showed.

 

Dow extends streak to 10, its longest since 1996

Stock Market

The Dow Jones industrial average has reached another milestone, recording its longest winning streak since 1996. The index rose for the 10th time in a row Wednesday, gaining 83 points to close at 14,539, an increase of 0.6 percent.

 

What Happens When The Federal Reserve Stops Artificially Boosting The Economy, And Should You Worry About It?

To quell the latest financial crisis, the Federal Reserve smashed interest rates to the floor by buying bonds with money it effectively prints. Since 2008 assets on the Fed’s balance sheet, including those bonds, have tripled, to $3 trillion. (Hey, people needed encouragement, and low rates are encouraging.) The mixed results: Entrepreneurs and homeowners got some relief, while savers got whacked along with the value of the U.S. dollar. Starving for yield, investors piled into stocks, pushing the Dow Jones Industrial Average to its all-time high, absent inflation.

 

Census shows record 1 in 3 US counties are dying

A record number of U.S. counties - more than 1 in 3 - are now dying off, hit by an aging population and weakened local economies that are spurring young adults to seek jobs and build families elsewhere.

 

Weekly US jobless aid applications fall to 332,000

Fewer Americans sought unemployment aid last week, reducing the average number of weekly applications last month to a five-year low. The drop shows that fewer layoffs are strengthening the job market. The Labor Department says applications fell 10,000 to a seasonally adjusted 332,000. That pushed the four-week average to 346,750, the lowest since March 2008, just several months after the Great Recession began. Applications are a proxy for layoffs. They have fallen nearly 13 percent since November.

 

Workers protest to get EU leaders to end austerity

Austerity Protest

Thousands of workers protested in Brussels on Thursday to demand that EU leaders gathering for a summit bring an end to austerity measures and instead focus on boosting growth and reducing unemployment.

 

February retail sales post largest gain in five months

Retail Sales

Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline, suggesting consumer spending this quarter will hold up despite higher taxes.

 

US employers post more jobs, cut fewer workers

Hiring Sign

U.S. employers advertised more job openings in January, suggesting that hiring will remain healthy in coming months. Job openings rose 2.2 percent in January from December to 3.69 million, the Labor Department said Tuesday. Openings had fallen nearly 5 percent in December, and they remain below November's level of nearly 3.8 million.

 

Banks saved, but Europe risks "losing a generation"

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.

 

Hiring speeding up? Not so fast, businesses say

Hiring

Bob Benham’s Oklahoma City clothing store was so busy over the holiday shopping season he had to ask his sales staff to work extra hours to keep up with the pickup in foot traffic. But with business now softening again in the new year, he’s not convinced it’s time to start hiring more full time workers yet.

 

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