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Incomes Flat, Spending up in February
Personal incomes were flat in February, following a 0.3% gain in January, the Commerce Department reported. But, despite stagnant wages and heavy snowstorms in many regions of the country, consumer spending grew 0.3%, the fifth straight monthly gain. The modest rise in spending suggests the economic recovery is proceeding at a slow pace. Moreover, the flat income reading combined with tight credit and high unemployment, suggests that shoppers will spend cautiously in the months ahead. With spending outstripping incomes in February, the personal savings rate slipped to 3.1% from 3.4% in January. It was the lowest reading on the savings rate since October 2008, another sign that consumers are more comfortable in letting go of discretionary dollars.
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Date Last Updated: 04/01/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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