by Michael Paterakis | May 13, 2013 | Economy
If the recovery from the recession has been characterized as slow and painful, there is one sector where things have now returned to the pre-crisis standards. Prices for building materials have soared in the last one year and a half. Indeed, the most-essential ones,...
by Michael Paterakis | May 3, 2013 | Economy
A weakening service sector suffering from slow growth will be reflected in ISM’s April non-manufacturing report that is scheduled to be released Friday. Economists expect the survey’s composite index to decline to 54, from 54.4 in March, which will be its lowest...
by Michael Paterakis | Apr 3, 2013 | Economy
The expansion of the service sector continued last month, but at a slower pace, raising concerns about the recovery of the U.S. economy. The non-manufacturing index of the Institute for Supply Management (ISM) fell to 54.4 from a 12-month high at 56 in January,...
by Michael Paterakis | Mar 17, 2013 | Economy
To make ends meet Anthony Buccellato has to work not one or two, but three part time jobs. In the mornings he is a teaching assistant at Pratt Institute, a private art college. In the afternoons he is a freelance designer. In between he moonlights as a bartender in...
by Michael Paterakis | Mar 6, 2013 | Economy
The U.S. service sector grew in February at its fastest rate in the last 12 months, despite the impact of the fiscal debate in Washington. The non-manufacturing index of the Institute for Supply Management rose to 56 from 52.2 in January, beating market projections...
