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3Q GDP revised downward; Small employers name growth impediments

Posted by Mary Ellen Biery
3Q GDP revised downward; Small employers name growth impediments

The U.S. economy grew a bit more slowly in the third quarter than previously estimated as businesses cut inventories, which could mean they’ll boost production next year if consumer spending stays on track. Meanwhile, a new survey of small employers found that uncertainty and lack of market demand are the major impediments to growth, pointing to a continuation of the slow decline in unemployment. ...

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Hiring remained chilly in October

Posted by Mary Ellen Biery
Hiring remained chilly in October

The latest signs of uncertainty in the U.S. hiring outlook came Friday as unemployment was largely unchanged in October and the addition of 80,000 jobs failed to keep up with adult population growth. ...

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As auto sales improve, parts makers posting strong growth

Posted by Mary Ellen Biery
As auto sales improve, parts makers posting strong growth

Privately owned motor-vehicle parts manufacturers in the U.S. have posted one of the strongest sales growth rates among all U.S. industries in the past 12 months, according to a new analysis of financial statements by Sageworks, a financial information company. ...

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High gold prices took the shine off jewelry stores’ margins

Posted by Mary Ellen Biery
High gold prices took the shine off jewelry stores’ margins

All that glitters is not gold in jewelry retailing. Despite a nearly 11% drop this month, gold prices are more than five times 2002 levels. But net profit margins among privately owned jewelry stores are actually lower than in 2002, according to an analysis of financial statements by Sageworks, a financial information company. ...

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Forbes: Clues in capital spending

Posted by Mary Ellen Biery
Forbes: Clues in capital spending

U.S. business leaders are more tightfisted than earlier this year, worrying some folks that a major growth driver of the shaky U.S. economy will screech to a halt if companies hoard cash. But don't push the double-dip recession panic button yet. ...

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Higher grocery prices ahead, though profits won’t necessarily follow

Posted by Mary Ellen Biery
Higher grocery prices ahead, though profits won’t necessarily follow

Grocery prices are expected to increase 3.5 percent to 4.5 percent this year, the USDA's latest food-price forecast shows. But higher prices aren't showing up in the bottom lines of private grocers, which saw slower profit growth last year and have seen a decline in profits this year amid cost pressures, according to data from Sageworks. ...

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