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Topic: toms shoes coupon down eight cents from a month a
Posted By: dfb2t3dfg
Subject: toms shoes coupon down eight cents from a month a
Date Posted: May 01 2013 at 5:39pm
eceiving little or no pay raises. "Real" income income adjusted for inflation has been growing too slowly to sustain healthy increases in consumer spending, many economists say. After-tax income rose just 0.6 percent in the first three months of 2012 compared with a year earlier. That was the smallest gain in two years. "Real incomes will need to grow at a faster rate to prevent consumption growth from slowing," said Paul Dales, senior U.S. economist at Capital Economics. Before the Great Recession, a healthy gain in consumer spending was between 5 percent and 6 percent a year. March's increase was roughly half that pace. And if income, adjusted for inflation, continued to grow at March's rate, the annual growth would be roughly 2.5 percent. While that's better than a decline, economists consider it a weak figure. The U.S. economy depends on consumer spending for roughly 70 percent of activity. Many people have been increasing their spending by saving less. For the full January-March quarter, consumer spending rose at an annual rate of 2.9 percent, the fastest pace in more than a year. The increase was a bright spot in an otherwise sluggish quarter. Dales noted that spending in January and February drove the quarterly increase. Without better pay, that trend isn't sustainable. The savings rate edged up to 3.8 percent in March, after dropping to a 30-month low of 3.7 percent of after-tax income in February. And income, adjusted for inflation, inched up just 0.2 percent after declining for two straight months. In the January-March quarter, the economy grew at an annual rate of 2.2 percent. That was down from a 3 percent annual growth rate in the October-December period. The weakness mainly reflected slower gains in government spending and weaker business investment. An inflation gauge tied to consumer spending rose a modest 0.2 percent in March. Over the past 12 months, http://www.cheaptomsshoesoutletstore.us - toms shoes coupon , the index has risen just above the Federal Reserve's 2 percent inflation target A healthy job market could reinvigorate consumers because more jobs mean more money to s(pend. But the economy created just 120,000 jobs in March half the pace of the previous three months. Economists predict that employers will have added 163,000 jobs this month, below the pace from December through February. One positive change since the winter: Gas prices appear to have peaked. That would give consumers more to spend elsewhere, http://www.cheaptomsshoesoutletstore.us - toms outlet . The nationwide average for a gallon of regular gasoline stood at $3.83 on Friday, down eight cents from a month ago, according to AAA's fuel gauge report. Copyright 2012 The Associated Press. All rights reserved, http://www.cheaptomsshoesoutletstore.us - toms outlet . This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By JON GAMBRELL, Associated Press LAGOS, Nigeria (AP) The powerful waves of the Atlantic Ocean crash against rusting hulks beached a
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Ibrahim said in a statement, the Abu · Hill royal tombs located two kilometers north of the two officials found tomb has important significance, it will open a new research on the tomb history in this area.
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