George Noorey

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George Noorey

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It appears that the economy is starting to gain some speed.  On top of yesterday’s big ADP private sector jobs number we found out layoffs in December were down 32% from the year before at 30,623.  That is the lowest number of layoffs since 1999. Total layoffs in 2013 were the lowest since 1997.  (Challenger Report)

Same stores sales rocked the house for both Costco and Macy’s.  December same store sales for Costco were up 3%. Foreign exchange rates were a 2% drag on that number.  Costco saw a big pickup in online sales. (Rueters)

For Macy’s sales climbed 3.6% in November and December from the year before.  They will also be laying off 2500 person as they find efficiencies in their operations (Reuters)

Overall retail sales in November and December were up 2.7% from the prior year, according to ShopperTrack.  That is better than expected.  What was surprising was store visits were down almost 15% as shoppers appear to be doing online research and doing less in-store browsing. Online sales increased 10% during the period. (Associated Press)

Who was the big winner of this week’s college national championship game?  The Florida State coach.  Jimbo Fisher got a $550,000 bonus when his team won the game.  That is on top of his $2.75 million salary. College football is big time business. (Bloomberg)
 

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.