Wednesday, April 16, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Consumers, businesses lift economy

WASHINGTON — American consumers are growing more confident about the job market, companies are ordering more equipment and home prices are rising in most major cities.

The latest batch of government data suggests that the economy is improving just as the holiday shopping season begins. The only threat is a package of huge spending cuts and tax increases that will kick in unless Congress strikes a budget deal by year’s end.

Rising home values, more hiring and lower gas prices pushed consumer confidence in November to the highest level in nearly five years. And steady consumer spending appears to have encouraged businesses to invest more in October after pulling back over the summer.

Those trends could boost economic growth slightly in the final three months of the year. But the real payoff could come early next year – if the automatic tax increases and spending cuts known as the “fiscal cliff” can be averted. Businesses that have postponed expansion plans could move forward with projects. That could lead to more hiring.

“Right now, households don’t seem to be letting the fiscal threat control their urge to spend,” said Joel Naroff, president of Naroff Economic Advisors.

Reports Tuesday showed:

  • The Conference Board’s consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008. The index is still below 90, the level that is consistent with a healthy economy.
  • The Standard & Poor’s/Case-Shiller 20-city index of home prices rose 3 percent in September compared with the same month last year. Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011. Prices increased in 18 of 20 cities over the 12-month period.
  • Companies ordered more industrial machinery and other large equipment in October. Orders for core capital goods, considered a proxy for business investment, rose 1.7 percent in October, the Commerce Department said.

That’s the largest increase since May and it follows sharp declines over the summer.

One reason Americans are more optimistic is because they see the job market improving, the Conference Board survey showed. Employers added 171,000 jobs in October and more jobs were created in August and September than first thought.

The percentage of Americans who say jobs are “plentiful” rose to 11.2 percent from 10.4 percent in the previous month, according to the survey. That’s the highest level in four years. Some economists say that’s a good sign for hiring.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

 
 
 
Solano Jews gather for start of Passover

By Amy Maginnis-Honey | From Page: A3 | Gallery

 
 
Suisun police ID shooting victim

By Ian Thompson | From Page: A3, 6 Comments

 
County discusses consolidated dispatch

By Barry Eberling | From Page: A4

Miner Slough Bridge to see repairs

By Barry Eberling | From Page: A4

 
Easter hunt set for Mare Island

By Barry Eberling | From Page: A5

 
‘Heaven is for Real’ opens Wednesday

By Amy Maginnis-Honey | From Page: B5

 
 
Fiesta Days pageant organizers seek contestants

By Amy Maginnis-Honey | From Page: A5

Coakley joins Solano fair board

By Barry Eberling | From Page: A6

 
Crews make quick work of vehicle fire

By Glen Faison | From Page: A6, 6 Comments | Gallery

 
Paper Clover Campaign supports Solano County 4-H

By Amy Maginnis-Honey | From Page: A6

 
Hundreds flock to Krispy Kreme as it opens doors

By Susan Winlow | From Page: B9, 1 Comment | Gallery

 
County to honor Solano educators

By Barry Eberling | From Page: A14, 1 Comment

.

US / World

Officials: Huge San Francisco blaze was accidental

By The Associated Press | From Page: A10

 
‘Shrimp Boy’ pleads not guilty in corruption case

By The Associated Press | From Page: A10, 1 Comment

Solemn tributes mark Boston Marathon bombing

By The Associated Press | From Page: A10, 1 Comment | Gallery

 
Immigration activists urge Obama to act boldly

By The Associated Press | From Page: A11

First women move into Army platoon artillery jobs

By The Associated Press | From Page: A14

 
Final deadline arrives for health exchange sign-up

By The Associated Press | From Page: A14

New LA newspaper embraces print in digital world

By The Associated Press | From Page: A14

 
Congress is giving states the transportation blues

By The Associated Press | From Page: A14, 2 Comments

Police: Suspects in killings wore GPS devices

By The Associated Press | From Page: A14, 1 Comment

 
DNA alternative to Pap smear sparks medical debate

By The Associated Press | From Page: A14

Robot sub returns to water after 1st try cut short

By The Associated Press | From Page: A14

 
Supremacist faces murder charges in Kansas deaths

By The Associated Press | From Page: A14

Ukraine: Military secures airport from attack

By The Associated Press | From Page: A14

 
Democrats have outside money advantage – for now

By The Associated Press | From Page: A14, 3 Comments

Hamas praises deadly West Bank shooting

By The Associated Press | From Page: A15

 
2 dead after ferry sinks off SKorean coast

By The Associated Press | From Page: A15

.

Opinion

Oh, for the days of Dr. Welby

By Dan K. Thomasson | From Page: A13, 13 Comments

 
Poor Judgement in Flight 370 column

By Letter to the Editor | From Page: A13, 1 Comment

 
Senseless babble that hurts

By Letter to the Editor | From Page: A13, 2 Comments

Expand Red Top Road

By Letter to the Editor | From Page: A13, 2 Comments

 
Editorial cartoons for April 16, 2014

By Daily Republic Syndicated Content | From Page: A13

 
.

Living

Today in History for April 16, 2014

By The Associated Press | From Page: A2

 
Community Calendar: April 16, 2014

By Susan Hiland | From Page: A2

What love gives you

By Barton Goldsmith | From Page: A2

 
Saving carrots from their usual sugary Easter fate

By Sara Moulton | From Page: B6

Sweet pairings for grown-up Easter treats

By The Associated Press | From Page: B6

 
A matzo ball soup fit for a weeknight dinner

By The Associated Press | From Page: B6

My husband still pays his 45-year-old unemployed son’s bills

By Kathy Mitchell and Marcy Sugar | From Page: B7

 
Horoscopes for April 16, 2014

By Holiday Mathis | From Page: B7

.

Entertainment

Boston Globe wins Pulitzer for bombing coverage

By The Associated Press | From Page: B5

 
Lindsay Lohan’s mom pleads guilty to DWI in NY

By The Associated Press | From Page: B5

Strahan’s ‘GMA’ side job confirmed with his visit

By The Associated Press | From Page: B5

 
TVGrid

By Daily Republic Syndicated Content | From Page: A11

.

Sports

Cal hires Tennessee’s Cuonzo Martin as coach

By The Associated Press | From Page: B1

 
Warriors trying to move on without Andrew Bogut

By The Associated Press | From Page: B1

Sharks’ Torres uncertain for playoff opener

By The Associated Press | From Page: B1

 
Indians shut out Mustangs

By Marcus Lomtong | From Page: B1, 1 Comment | Gallery

Ex-Minnesota State, Mankato coach returning to job

By The Associated Press | From Page: B2

 
Panthers jump Sabres to win NHL draft lottery

By The Associated Press | From Page: B2

More former players sue NHL regarding concussions

By The Associated Press | From Page: B2

 
49ers sign WR Brandon Lloyd to 1-year deal

By The Associated Press | From Page: B2

MLB marks 67th anniversary of Jackie Robinson’s debut

By The Associated Press | From Page: B2

 
.

Business

Twitter buys data analytics partner Gnip

By The Associated Press | From Page: A14

 
Yellen signals more aggressive stance toward banks

By The Associated Press | From Page: A14

.

Obituaries

Carolyn McClelland

By Nancy Green | From Page: A4

 
Evonne Medina

By Nancy Green | From Page: A4, 1 Comment

.

Comics

For Better or Worse

By Daily Republic Syndicated Content | From Page: B6

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: B6

Zits

By Daily Republic Syndicated Content | From Page: B6

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: B6

Sally Forth

By Daily Republic Syndicated Content | From Page: B6

 
B.C.

By Daily Republic Syndicated Content | From Page: B6

Baldo

By Daily Republic Syndicated Content | From Page: B6

 
Baby Blues

By Daily Republic Syndicated Content | From Page: B6

Dilbert

By Daily Republic Syndicated Content | From Page: B6

 
Frank and Ernest

By Daily Republic Syndicated Content | From Page: B6

Get Fuzzy

By Daily Republic Syndicated Content | From Page: B6

 
Blondie

By Daily Republic Syndicated Content | From Page: B6

Garfield

By Daily Republic Syndicated Content | From Page: B6

 
Peanuts

By Daily Republic Syndicated Content | From Page: B6

Pickles

By Daily Republic Syndicated Content | From Page: B6

 
Wizard of Id

By Daily Republic Syndicated Content | From Page: B6

Sudoku

By Daily Republic Syndicated Content | From Page: B7

 
Bridge

By Daily Republic Syndicated Content | From Page: B7

Cryptoquote

By Daily Republic Syndicated Content | From Page: B7

 
Word Sleuth

By Daily Republic Syndicated Content | From Page: B7

Crossword

By Daily Republic Syndicated Content | From Page: B7