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UCLA Anderson Forecast: National Economy Growing; Unemployment Rate Dropping; Defense Spending on the Rise

California Recovery Continues at a "Painfully Plodding" Pace

UCLA Anderson Forecast's third quarterly report of 2014 indicates that the real Gross Domestic Product for the United States will grow at about 3 percent over the next two years, following a decline of 2.1 percent in the first quarter of this year and a rebound of 4.2 percent growth in the second. On an annual basis, GDP growth will rebound a full percentage point in 2015 to 3.1 percent and to 3.4 percent in 2016. Payroll job growth should average 230,000 per month; by the end of 2016 the unemployment rate will drop to 5.3 percent. In California, employment growth is forecast to be 2.4 percent in 2015 and 2.2 percent in 2016, which will drive down the unemployment rate to 5.7 percent by 2016, just 0.3 percent higher than the U.S. rate.


Packaged Facts: Seasonal Halloween Chocolate Candy Sales Up 12% in U.S.

American food retailers seeking to scare up increased sales of candy products during autumn are likely in for a sweet surprise. Last year, sales of seasonal Halloween chocolate candy reached $217 million, up 12%. Such growth outperformed purchases of similar seasonal chocolate products during Christmas and was on par with percentage gains experienced for Valentine's Day.

U.S. Executives Remain Optimistic On Emerging Market Expansion: KPMG Survey

Expanding globally tops executive agendas; Continued interest in BRIC countries and beyond

Ninety percent of U.S. business executives involved with business development and corporate strategy have seen revenues from high growth and emerging markets (HGEM) increase and expect them to continue increasing in the coming months, according to a recent survey by KPMG LLP, the U.S. audit, tax and advisory firm. This number is up 13 percentage points from a similar survey in 2013, and while there are still a number of challenges associated with entering new markets, businesses are looking to expand globally.

Canadian economy can't sustain growth without low interest rates and a weaker dollar: CIBC

Exports and business investment finally showing signs of taking over from consumer spending and housing

Unexpected growth in consumer spending and residential construction have seen the Canadian economy outperform in 2014, but continued low interest rates and a cheaper loonie are necessary to sustain growth going forward, finds a new report from CIBC World Markets.

U.S. Employee Confidence Levels Ease Slightly in August

Confidence in current employment situation remains high among workers

After two months of record-breaking confidence levels among employees, the August Randstad U.S. Employee Confidence Index fell to 55.9, declining 3.2 points from 59.1 last month. The Randstad macroeconomic confidence index also fell to 44.9 from 49.2 in July, as did the Randstad personal confidence index which decreased 2.1 points to 66.9. The study is conducted online by Harris Poll on behalf of Randstad, among 1,043 employed U.S. adults ages 18 and older.

Canada's manufacturing sector gains momentum in August

August data pointed to a robust upturn in the performance of the Canadian manufacturing sector, according to the RBC Canadian Manufacturing Purchasing Managers' Index™ (RBC PMI™), with overall business conditions improving at the fastest pace since November 2013. A monthly survey, conducted in association with Markit, a leading global financial information services company, and the Supply Chain Management Association (SCMA), the RBC PMI offers a comprehensive and early indicator of trends in the Canadian manufacturing sector.

The Conference Board Consumer Confidence Index® Improves Again in August 2014

Fourth Consecutive Monthly Increase

The Conference Board Consumer Confidence Index®, which had increased in July, improved further in August. The Index now stands at 92.4 (1985=100), up from 90.3 in July. The Present Situation Index increased to 94.6 from 87.9, while the Expectations Index edged down to 90.9 from 91.9 in July.

Nearly One Quarter of Millennials Under Extreme Financial Stress

TD Bank survey finds most millennials wish they were better prepared for life events.

TD Bank, America's Most Convenient Bank®, announced the results of a new survey focusing on the top financial stresses for older millennials, ages 24-34. The survey, an extension of the TD Bank Financial Education Survey, revealed that 22 percent of millennials and 17 percent of Hispanic millennials feel they are under extreme financial stress.


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