U.S. durable goods orders up 0.2 percent in April
BY: Associated Press
POSTED: May 24, 2012
Tags: commerce department, durable goods, Economy, factory, federal reserve, gains, increase, institute for supply management, orders, united states
WASHINGTON — Orders for long-lasting factory goods edged up slightly in April. But a measure of tracks business investment spending fell for a second straight month. Durable goods orders increased 0.2 percent last month after a 3.7 percent decline in March, the Commerce Department said Thursday. Gains in volatile commercial aircraft orders and more demand [...]
Economists more upbeat about job growth, housing
BY: Associated Press
POSTED: May 21, 2012
Tags: budget, deficit, economists, Economy, gross domestic product, growth, home construction, housing market, job market, national association of business economists, Taxes, trade, u.s. department of commerce
NEW YORK — A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak. The National Association for Business Economists says in a report issued Monday that its forecasters expect modest growth for the remainder of the year, [...]
Job loss hits state after gain 
BY: Alexander Pyles
POSTED: May 18, 2012
Tags: 2012, april, Department of Labor Licensing and Regulation, Economy, figure, growth, jobs, maryland, Unemployment
Maryland lost 6,600 jobs between March and April, ending a six-month trend of positive job growth and pushing the state’s unemployment rate up to 6.7 percent. The Department of Labor Licensing and Regulation announced Friday that the state lost 6,000 jobs in April. The labor department also revised its March analysis to reflect a loss [...]
Geithner: Economy needs more than tax cuts
BY: Melody Simmons
POSTED: May 17, 2012
Tags: Economy, foreclosure, greater baltmore committee, greece, growth, home values, housing, interest rates, JPMorgan Chase, tax cuts, timothy f. geithner
U.S. Treasury Secretary Timothy F. Geithner told a group of Baltimore business leaders Thursday that the nation’s economy remains fragile and dependent on the actions of Congress, now in the throes of a raucous debate over the country’s debt ceiling, transportation funding and interest rates on student loans. “We can all be in favor of [...]
Fed: Several members could support further easing
BY: Associated Press
POSTED: May 16, 2012
Tags: Ben Bernanke, borrowing, Economy, european debt crisis, federal funds rate, federal reserve, forecasts, growth, interest rates, jeffrey lacker, spending, stock market
WASHINGTON — Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate. Minutes of the central bank’s April 24-25 meeting released Wednesday stated that “several members” thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became [...]
Factory output rose in April on stronger autos
BY: Associated Press
POSTED: May 16, 2012
Tags: auto production, Business, consumer spending, Economy, factory output, federal reserve, growth, industrial production, Manufacturing, motor vehicles, retail sales
WASHINGTON — U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. The Federal Reserve said Wednesday that factory production rose 0.6 percent in April, erasing a 0.5 percent decline in March. Half of the April increase reflected a [...]
Price of gas goes down, economy looks peachier
BY: Associated Press
POSTED: May 15, 2012
Tags: commerce department, consumer, Economy, gasoline, price
Comments: 1
WASHINGTON — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead. Consumer prices were flat in April, largely because of a decline in gas prices. Lower prices at the pump may be combining with steady job growth to power more spending on [...]
Americans spending a bit more as gas prices fall
BY: Associated Press
POSTED: May 15, 2012
Tags: consumer confidence, consumer prices, earnings, Economy, gas prices, inflation, job growth, memorial day, purchases, retail sales, spending
WASHINGTON (AP) — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead. Consumer prices were flat in April, largely because of a decline in gas prices. Lower prices at the pump may be combining with steady job growth to power more spending [...]
Cheaper gas drives wholesale price index lower
BY: Associated Press
POSTED: May 11, 2012
Tags: beef, costs, eggs, Energy, federal reserve, food, gas, inflation, interest rates, manufacturers, prices, Retail, wholesale prices
WASHINGTON — A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April. Outside that drop, prices barely rose. The Labor Department said Friday that the producer price index dropped 0.2 percent last month from the previous month. It was the first decline since December and the biggest [...]
U.S. employers posted 3.74 million March jobs
BY: Associated Press
POSTED: May 8, 2012
Tags: Economy, employees, employers, hiring, jobs, Labor Department, united states
WASHINGTON — U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring. The Labor Department said Tuesday that employers advertised 3.74 million job openings in March. That’s up from a revised 3.57 million in February and [...]
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