Counterfeit goods used to be so obvious most people knew if their Rolex was a fake. As the market has turned to the Internet, more consumers are unwittingly buying counterfeit designer handbags - and having gone so far as counterfeit airplane engine parts, it's as much a health and safety issue as an economic one.
Personal spending rose 0.3 percent in February, the Commerce Department reported Monday. But US stimulus programs have not managed to boost household incomes.
Start checking your mailbox as mail delivery of the 2010 census begins today
The snowstorms in the East didn't skew the February jobs report. But the hiring of more than 500,000 census workers this spring will trim the unemployment rate and boost spending temporarily.
Positive signs suggest that the jobs bill passed by the House Thursday could help curb unemployment, economists say. But it is not expected to be a major kick-start to job creation.
The Obama team is introducing a new formula for counting who is poor in America, but it won't be used to decide who qualifies for government aid. Reason for the change: Existing poverty formula, dating from the 1960s, doesn't capture modern expenses such as child care and healthcare.
US Gross Domestic Product (GDP) grew at a 5.6 percent rate last quarter, the biggest economic expansion in six years. But economists say that doesn't augur a growth in jobs any time soon.
President Obama's State of the Union speech proposed a National Export Initiative to generate 2 million jobs from doubling exports over the next five years.
President Obama on Monday pitched a slew of measures to help middle-class families pay the bills. Living standards for many middle-class Americans have fallen during the past decade.