It looks like the sun is smiling on the economy. The green winter is propping up many businesses in various ways, and that “means more green in your wallet,” says Marilyn Geewax atNational Public Radio. Here, six ways the warm weather is helping the economy:
- Fewer layoffs: In a typical January, about 424,000 workers are laid off for weather-related reasons. This January, only 206,000 people were let go.
- Lower gas costs: The average consumer spent $643 this winter on natural gas, compared with $888 in the winter of 2008-2009.
- More cash leads to more spending: With extra cash on hand, consumers spend more — which in turn boosts economic growth