W3C Valid XHTML 1.0
Shan Li
Los Angeles Times|latimes.com

WASHINGTON — After six years of a gloomy recession and shaky recovery, the U.S. economy looks poised to regain its glow next year with stronger job growth, bigger income gains for more people and a resurgence of homeowners moving up into new digs.

The overall economic outlook for the U.S. has improved sharply in recent weeks amid a string of surprisingly robust economic data: Businesses have stepped up hiring, new factory orders from abroad are at a two-year high, and consumers have been flocking to car lots and restaurants.

State and local governments that not long ago were in massive retrenchment are spending more too.

“We could see the unemployment rate down to 6 percent this time next year,” said Robert Kleinhenz, chief economist for the Los Angeles County Economic Development Corp. read more »

 

Get ready for a red, white and blue Christmas.

With a sluggish economy, high unemployment and a just-finished presidential election laser-focused on jobs, many consumers say they are more eager than ever to buy gifts made right here in America.

Shoppers don’t have to rifle through stores or flip over labels this year. Many retailers are proudly touting their wares with made-in-the-USA credentials in hopes of wooing shoppers eager to show their patriotism through their pocketbooks.

“Finding presents that are made here makes them special. It’s usually more unique and not something that you can find just in Target,” said Jodi Dirk, 31, of the Los Angeles area. “So if I find stuff this holiday that’s made in the U.S., that’s a big bonus.” read more »

 

Luxury retailer Nordstrom Inc. has jumped into the controversial same-sex marriage debate by openly supporting the rights of gays and lesbians to marry.

The Seattle retailer joins other prominent Washington corporations such as Starbucks Corp. and Amazon.com Inc. in favor of approving Referendum 74 to legalize same-sex marriage in the state.

Company president Blake Nordstrom sent a companywide memo — co-signed by brothers Erik and Pete, also executives at the retailer — laying out the retailer’s “philosophical approach” to business, which includes a workplace where “every employee is welcomed and respected.” read more »

 
Syndicate content