Anna Spiewak
Economy Watch: Job Openings Remain Stable; Federal Deficit Continues to Shrink
There were 4 million job openings on the last business day of January, little changed from December. The federal budget deficit went down by $115 billion compared to last year.
Economy Watch Weekly: Jobs Numbers Picked up in February, but Still Not Stellar
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 7.
Economy Watch: FRBNY Chief Less Than Sanguine About Unemployment; White House Predicts Stronger Growth in ’14
Federal Reserve Bank of New York chief Bill Dudley said that the “decline of the unemployment rate significantly overstates the degree of improvement in the labor market.” The White House released its forecast for U.S. economic growth in 2014, predicting better growth than during last year, and an even better year in 2015.
Brookfield Acquires 460 KSF Office Asset in Dallas Suburb from Blackberry
Canadian investor Brookfield Property Group has bought Riverside Commons, a six-building, Class A office property in Irving, Texas, from Blackberry for an undisclosed amount.
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Although Cerberus stated no closures are expected as a result of its merging of Albertsons with Safeway, some analysts predict the transaction will result in duplication, calling for store closures in certain markets.
Economy Watch: Most Industries Hiring in February; Trade Deficit Drops Because of Oil
Despite the frosty weather, most categories of employment saw some kind of net increase during February. Total January exports and imports resulted in a U.S. goods and services deficit of $39.1 billion, down from $42 billion in January 2013.
Economy Watch: Moderate Job Growth in February; Household Net Worth Hits Record Level; Negative Residential Equity Shrinks in ’13
The modest increase in U.S. jobs continued in February, with the addition of 175,000 positions. Household net worth increased again in the fourth quarter of 2013 to a record level. And 4 million U.S. mortgage holders returned to positive equity in 2013.
Google Capital Puts $50M into Auction.com
One of the world’s largest online real estate marketplaces, Auction.com, has received a $50 million investment, courtesy of Google Capital.
Economy Watch: ADP: Job Growth at Mediocre 139K; Beige Book Talks of Winter’s Impact
Automated Data Processing said that the U.S. private sector created 139,000 jobs in February, the third weak total in three months. According to the Beige Book, most of the 12 Federal Reserve districts reported “modest to moderate” expansion.
RadioShack Closing 1,100 Stores – Repositioning Strategy
RadioShack continues to reinvent itself, but it will do it with fewer stores in the United States.
You must be logged in to post a comment.