Retail sales fall 0.4 percent in March

BY: Associated Press
POSTED: April 12, 2013
Tags: cars, consumers, Economy, gas, growth, Retail, spending, Taxes

WASHINGTON — Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring likely made some consumers more cautious about spending. Retail sales declined a seasonally adjusted 0.4 percent last month, the Commerce Department said Friday. That followed a 1 percent gain in February and a 0.1 percent decline in [...]

Unemployment aid applications jump to 385,000

BY: Associated Press
POSTED: April 4, 2013
Tags: Economy, employees, employers, Government, growth, jobs, Recession, Unemployment

WASHINGTON, D.C. — The number of Americans seeking unemployment aid rose last week by 28,000, the third straight increase. Weekly applications increased to a seasonally adjusted 385,000, the Labor Department said Thursday. That’s the highest level since late November. The gain pushed the four-week average, a less volatile measure, to 354,250. A Labor Department spokesman [...]

Economy expands at 0.4 percent rate

BY: Associated Press
POSTED: March 28, 2013
Tags: auto sales, consumer spending, Economy, Government, gross domestic product, growth, homes, jobs, Stocks, Unemployment

WASHINGTON — The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accelerated in early 2013 despite higher taxes and cuts in government spending. The economy grew at an annual rate of 0.4 percent in the October-December quarter, the Commerce Department [...]

Growth trends illustrative of cultural conditions 

BY: Alissa Gulin
POSTED: March 17, 2013
Tags: Business, census, growth, maryland, Maryland Department of Planning, population

For insight into how Maryland is affected by political decisions, cultural habits and the broader economic climate, population data provide a wealth of information, according to experts.

Economy barely grew in Q4, but rebound likely

BY: Associated Press
POSTED: February 28, 2013
Tags: Business, business news, consumers, Economy, gross domestic product, growth, housing, Real Estate

WASHINGTON — The weakest quarter for the U.S. economy in nearly two years may end up being a temporary lull. Economists think growth has begun to pick up on the strength of a sustained housing recovery and a better job market. The economy grew at an annual rate of just 0.1 percent from October from [...]

Homebuilder confidence dips from a 6½ year high

BY: Associated Press
POSTED: February 19, 2013
Tags: confidence, Economy, growth, homebuilders, homes, National Association of Home Builders, Real Estate, real estate news

LOS ANGELES — Confidence among U.S. homebuilders slipped this month from the 6½ year high it reached in January, with many builders reporting less traffic by prospective customers before the critical spring home-buying season. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday dipped to 46 from 47 in January. It was [...]

Fed says growth pause temporary, keeps up stimulus

BY: Associated Press
POSTED: January 30, 2013
Tags: Economy, fed, federal reserve, growth, interest rate, Recession, treasury

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future. The Fed took no new action at its two-day policy meeting. But it stood behind aggressive steps it launched [...]

Economy shrinks 0.1 pct., 1st time in 3½ years

BY: Associated Press
POSTED: January 30, 2013
Tags: Business, business news, consumer spending, Economy, Government, growth, Taxes

WASHINGTON — The U.S. economy unexpectedly shrank from October through December, the first quarterly drop since 2009 and a reminder of the economy’s vulnerability as automatic cuts in government spending loom. The Commerce Department said the economy shrank at an annual rate of 0.1 percent mainly because companies restocked at a slower rate and the [...]

Economists growing more upbeat about year ahead

BY: Associated Press
POSTED: January 28, 2013
Tags: economists, Economy, employment, gross domestic product, growth, jobs, Recession, sales

NEW YORK — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months. A quarterly survey by the National Association for Business Economists released Monday shows half of the economists polled now expect real gross domestic product — the value of all [...]

Metro board member: Public support key to growth

BY: Associated Press
POSTED: January 25, 2013
Tags: growth, metro, subway, transportation, Transportation, washington

WASHINGTON — A Metro board member says public support is a key to getting Maryland, Virginia and the federal government to pay for a new growth plan for the transit system. The plan presented Thursday to the board could cost up to $26 billion. It calls for new tunnels in the district as well as [...]

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