“Sequestration is going to have an adverse effect” on the economy, Alan Krueger, chairman of the White House Council of Economic Advisers, said on Bloomberg Television. “That’s one of the headwinds we’re facing.”
it’s the weather,
“The big weakness in March was retail, and this was the coldest month of March we’ve had in over a decade,” said Russell Price, a senior economist at Ameriprise Financial Inc. in
it’s payroll tax hike,
Some of the weakness appeared due to tax hikes enacted in January.
…there is expected to be an increase in costs associated with the affordable health care act (“ACA,” see “Risks” section). To mitigate this cost, employees that were working more than 30 hours per week, but less than 33, have moved down to 29 hours per week, reducing the “full time” pool requiring health insurance from 1100 to 835 employees…
Zero Hedge, Bloomberg, Reuters, Power Line