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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 04, 2010
Page
11
Retailers report a 2.6 percent rise in revenue at stores open at least a year for May, the second straight sluggish month. ICSC chief economist Michael P. Niemira notes a fragile, roller coaster recovery with weak consumer demand amid job worries and a late Easter.
Washington reports show improving job prospects with fewer layoffs and more hiring. Productivity slowed more than expected in Q1 after the government revised growth. Initial jobless claims fell for a second week but stay high for the year. A service-sector index signals job growth in May for the first time in 28 months.
In Allentown Maria Villacreses used time dollars to pay for a wedding makeover and a seven layer cake through Community Exchange. Time banks operate on credit for services, with one time dollar per hour, expanding across the nation as a cashless support network.
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