http://blogs.wsj.com/five-things/2014/03/28/5-things-to-watch-on-the-economic-calendar-10/
This article talks about 5 big things that are coming up that will impact the economy.
1. "This Payrolls Report Should Be Frost Free"--meaning, that this payroll should be clear of weather issues, unlike the past three months. Because the weather this month has been a little better, not as many people have been missing as much work.
2. "Has the Participation Rate Stabilized?"--this section talks about how the retirement of some of the baby boomers generation has stabilized the labor force rate. So, instead of a constant drop, increasing the unemployment rate, everything has become a little better (at least in the way it looks).
3. "Vehicle Sales Should Rev Up"--because the weather is getting better more people are willing to go out and buy cars. Not only will vehicle sales increase, but other sales will increase because with better weather, people are more willing to go out and shop more.
4. "Taking Business's Temperature in March"--this section talks about how manufacturing has slipped because of the abnormally cold temperatures in the past few months as well as car sales. Both are expected to increase in the near future because the weather should be getting better.
5. "Oil Deficit Continues to Slide"--there has not been a huge worsening in the trade deficit of the United States because of the narrowing in the oil deficit. The US is importing less oil now than it did the past few years.
From what I read in this article it seems as if the US economy is making a turn in the right direction. The severe changes in weather this winter has affected certain sectors of the economy quite drastically and it seems as we get closer to the spring season that the recovery will continue to make headway.
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