Word: uptick
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...this is in service of a system that may produce jobs in one city or state, thus fostering the illusion of an uptick in employment. But it does not create more jobs in the nation as a whole. Market forces do that, and that's why 10 million jobs have been created since 1990. But most of those jobs have been created by small- and medium-size companies, from high-tech start-ups to franchised cleaning services. FORTUNE 500 companies, on the other hand, have erased more jobs than they have created this past decade, and yet they...
Actually there is a glimmer of hope there. The uptick among young initiates has not offset the deaths of the old soldiers, but it is visible. New York's venerable Independent Royal Arch Lodge No. 2 boasts an average member age of about 50 and an unusual concentration of college-educated men. There are brokers, lawyers and journalists with interests running from martial arts to organ music to the Masonic references of James Joyce, explored in black tie over wine and cigars. Says John Chang, 39, a lawyer active in local Democratic politics: "Maybe now that my generation is getting...
Other board members agreed in general but not always in detail. Robert Brusca, chief economist of Nikko Securities Co. International, one of the world's largest brokerages, sees only a nearly invisible rise in unemployment, to 4.7% at year-end, but an uptick in inflation, to a rate of 2.5%, with interest rates on 30-year Treasury bonds climbing to 6.5%, from below 6% in mid-March. In his view, the tight U.S. labor market will give inflation a nudge that the Federal Reserve will try to combat by raising interest rates. (Sinai, in contrast, predicts the Fed will...
...March 25 when the Fed Board meets. Higher rates are bad for the stock market but even worse for consumers. Even a quarter-point hike will hurt. Some 60 million households have "revolving" credit-card debt averaging more than $6,000, at an interest rate of about 17%. An uptick would add nearly a billion dollars in interest expenses. And those holding some $1.2 trillion in adjustable-rate mortgages and home-equity loans would have to cough up roughly $3 billion more. Now that's inflationary. Can we afford higher rates? Credit-card delinquencies are already at recessionary levels...
Consumer spending had little to do with the uptick. Pocketbooks are opening once again in France: consumer spending on manufactured goods is up 0.7% for the first quarter, compared with the same period last year. But in Germany and most of the rest of the E.U., wallets have stayed shut. Bonn recently gave citizens additional reasons to remain tightfisted by raising gas and social security taxes. Some analysts predict a 3% decline in consumer purchasing power this year...