February 17, 2014
It has been the winter of our discontent. Storm after storm brought car accidents, flight delays, school and business closings and budget-busting overtime for snow removal crews.
The net result: the economy still recovering from the recession has chilled. Financial analyst Jordan Goodman says bad weather cost the nation $50 billion in lost productivity.
“The retail segment has clearly been hard hit, we’ve had numbers down ‚Äď 0.4 percent in January,” Goodman said. “I think it’s going to be even worse in February; people just aren’t going to the stores if they’re in snowstorms.”