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New U.S. claims for unemployment benefits rose more than expected last week as harsh weather conditions in some parts of the country kept workers at home and caused a backlog in the processing of claims, a government report showed on Thursday.
The snowstorm that slammed the deep South and churned its way into the Northeast is causing similar headaches for travelers. Travel in and out of New York and Boston was limited Wednesday morning.
A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday.
Snowstorms have deterred shoppers at after Christmas sales in America's northeast, while retailers in the rest of the country are anticipating the highest sales in three years.
A second major storm in less than a month continued to drench the East Coast as meteorologists predicted “very dangerous” flooding Tuesday in the Northeast.
Housing construction fell in February as winter blizzards held down activity in the Northeast and Midwest. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.
Utility crews are making headway as they try to restore power following a winter storm that pounded the Northeast with heavy snow, rain and hurricane-force winds.