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US economy shrank at 2.9 percent rate last quarter, worst since recession, before recovering

...Despite the awful start to the year, the U.S. economy is nowhere close to a recession," said Sal Guatieri, senior economist at BMO Capital Markets.Guatieri thinks growth is rebounding to a 3.8 percent annual rate in the current quarter...

http://chronicle.augusta.com/news/business/2014-06-25/us-economy-shrank-29-perce
US home construction drops 9.3 percent in June to rate of 893,000, slowest pace in 9 months

...temporary factors such as heavy rain in parts of the South which could have held back housing starts.Jennifer Lee, senior economist at BMO, said it was too soon to conclude that the housing recovery has stalled. "After all, job growth continues...

http://chronicle.augusta.com/news/business/2014-07-17/us-home-construction-drops
32 states trail US as a whole in job recovery

...lifted several states to the top of job creation rankings."North Dakota is the No. 1 example," says Dan White, senior economist at Moody's Analytics. "It's like its own little gold rush."North Dakota has added 100,000 jobs since December...

http://chronicle.augusta.com/news/business/2014-07-02/32-states-trail-us-whole-j
After a bitter winter, warmer temperatures are revitalizing economy

...something you see every day," said Michael Dolega, senior economist at TD Economics. "Now, as Americans have dug themselves...200,000-plus" this month, said Sal Guatieri, senior economist at BMO Capital Markets.That would be slightly better...

http://chronicle.augusta.com/news/business/2014-04-21/after-bitter-winter-warmer
US consumer spending down 0.1 percent in April

...bounce back in May.An "improving job market should support stronger spending in coming months," Jennifer Lee, senior economist at BMO Capital Markets, wrote in a research note.Friday's government report also showed that income rose 0...

http://chronicle.augusta.com/news/business/2014-05-30/us-consumer-spending-down-
US retail sales up strong 1.1 percent in March

...and improving labor markets are helping American shoppers shake off the winter blahs," said Sal Guatieri, the senior economist at BMO Capital Markets.Guatieri said he believed overall economic growth slowed to a 1.2 percent annual rate...

http://chronicle.augusta.com/news/business/2014-04-14/us-retail-sales-strong-11-
Fed clarifies guidance on short-term rates; drops link to specific unemployment level

...as the state of the labor market recovery and other considerations such as financial stability," James Marple, senior economist at TD Economics, wrote in a research note.The Fed also updated its economic forecasts Wednesday. Fed officials...

http://chronicle.augusta.com/news/business/2014-03-19/fed-clarifies-guidance-sho
US retail sales up 0.1 percent in April; spending online and on furniture and electronics dips

...paycheck to be spent."At the end of the day, it is all about one's job, and job security," Jennifer Lee, a senior economist at BMO Capital Markets, said in a research note. "A job is a job and that will help determine the ability for...

http://chronicle.augusta.com/news/business/2014-05-13/us-retail-sales-01-percent
UGA: Augusta should add 3,200 jobs this year

...increase by 3.3 percent, Knapp said, compared to the nation's rate of 2.5 percent.Knapp and Wells Fargo senior economist Mark Vitner presented the forecast Monday at the Augusta Convention Center. The forecast includes job growth and...

http://chronicle.augusta.com/news/business/2014-01-27/uga-augusta-should-add-320
US consumer confidence index rises in December to 78.1

...in the next six months."The upbeat consumer mood bodes well for spending in 2014," said Michael Dolega, the senior economist at TD Economics.Optimism about the job market is at a five-year high. That is a positive sign for a strong December...

http://chronicle.augusta.com/news/business/2013-12-31/us-consumer-confidence-ind