New Canaan, CT
Business
And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected
And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected Black Friday is here and this holiday shopping season is expected to be one for the books. The spending forecast is above $1 trillion for the first time, with e-commerce sales comprising an estimated $123.7 billion, according to eMarketer. There are a number of ‘macroeconomic indicators’ that hint at this spike in shopping season sales; a positive labor market, increased consumer confidence, and overall GDP growth and lower unemployment. If estimates are correct, the total increase in spending will be 5.8% higher than last year’s sales and spending numbers.

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by Valerie Musson
White Plains, NY
Business
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears and Kmart employees will lose their jobs following the official filing for bankruptcy by Sears Holdings. Last week, Sears announced that it would be closing another 142 unprofitable Sears and Kmart locations, including several in the area. Those closures will reportedly impact According to the Worker Adjustment and Retraining Notification filed on Oct. 15, 42 employees at Kmart on Route 6 in Mahopac would be let go; 55 employees at Sears in the Jefferson Valley Mall would face termination; 76 employees at the Sears at The Shops in Nanuet; and 12 at Sears on Route 59 in Nanu…

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by Zak Failla
Newburgh, NY
News
Jobless Rate Climbs In Orange County Jobless Rate Climbs In Orange County
Jobless Rate Climbs In Orange County A new Hudson Valley casino could not have opened a a better time for neighboring Orange and Ulster counties, which both saw a rise in their unemployment rates in February, according to the state Labor Department. Resorts World Catskills opened on Feb. 8 in Monticello, Sullivan County, several weeks ahead of schedule. The luxury casino resort -- which cost $1.2 billion to build -- marked the occasion by welcoming thousands of guests to the gaming floor. The jobless rate remained unchanged in Sullivan County at 5.9 percent in February, compared with February 2017, according to the latest job…

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by Jon Craig
New City, NY
Business
This Rockland Town Has The County's Lowest Jobless Rate This Rockland Town Has The County's Lowest Jobless Rate
This Rockland Town Has The County's Lowest Jobless Rate If you live in Rockland County and just happen to reside in Ramapo, then chances are you have a job, according to the New York State Department of Labor. A recent study by the department showed Ramapo had the lowest rate of unemployment at 3.6 percent in the county, said Supervisor Michael Specht. “This data reflects the Ramapo Town Board’s commitment to stimulating economic growth by maintaining a business-friendly environment," said Specht. The study showed that a combination of location, exemplary government services, workforce availability, award-winning schools and plenty of cultu…

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by Kathy Reakes
Armonk, NY
News
Deer Rescue, $54M Sale Of Northern Westchester Complex Tops Week's News Deer Rescue, $54M Sale Of Northern Westchester Complex Tops Week's News
Deer Rescue, $54M Sale Of Northern Westchester Complex Tops Week's News WESTCHESTER COUNTY, N.Y. -- A dramatic deer rescue and the sale of a $54 Northern Westchester complex topped the week's news. It was quite the afternoon for Sleepy Hollow Fire Chief John Korzelius when he crawled out onto a lake to rescue a deer stranded on a frozen lake in Pocantico Hills. Click here to read the story. The Landing at Mohegan Lake has sold to Ginsburg Development for $54 million. Click here to read the story. Some others top stories of the week include (Click on the link to read the entire story): State Police from the Somers barracks are investigating an increased number…

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by Kathy Reakes
White Plains, NY
News
Third Stabbing Of HS Student In Week-Long Span Tops Westchester News Third Stabbing Of HS Student In Week-Long Span Tops Westchester News
Third Stabbing Of HS Student In Week-Long Span Tops Westchester News WESTCHESTER COUNTY, N.Y. -- Metal detectors, off-campus lunches and other controversial topics are expected to be discussed by New Rochelle city and school officials during a joint meeting next week in the wake of the third stabbing incident involving high school students in eight days. Click here to read the story.  Some others top stories of the week include (Click on the link to read the entire story): It was quite the afternoon for Sleepy Hollow Fire Chief John Korzelius when he crawled out onto a lake to rescue a deer stranded on a frozen lake in Pocantico Hills. Amazon announced 20 fi…

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by Kathy Reakes