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 – 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.”