Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: commerce department

Economy grew at 2 percent rate in third quarter

WASHINGTON — The U.S. economy grew more slowly over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department said Tuesday that the economy expanded at an annual rate ...

Read More »

Fed grant to aid planning for western Maryland growth

HAGERSTOWN — The Appalachian Regional Commission is working on a road map for economic growth in western Maryland. U.S. Sens. Ben Cardin and Barbara Mikulski announced a $70,000 grant Monday from the U.S. Commerce Department to the Tri-County Council. The ...

Read More »

Consumers hit retail stores to give economy boost

WASHINGTON — Consumers are giving a modest lift to the economy. They spent more on autos, electronics and building supplies in October to boost retail sales for the fifth straight month. The gains provide an encouraging start for the October-December ...

Read More »

Applications for unemployment aid drop to 390,000

WASHINGTON — The number of people who applied for unemployment benefits last week fell to the lowest level since April, a sign that employers could be stepping up hiring. The Labor Department said Thursday that weekly applications dropped to a ...

Read More »

Wholesale companies cut inventories but sales rise

WASHINGTON — Wholesale businesses in the U.S. reduced their stockpiles in September for the first time in nearly two years, while their sales rose. Inventories at the wholesale level fell 0.1 percent, the Commerce Department said Wednesday. It was the ...

Read More »

Incomes stall as interest on savings dwindles

WASHINGTON — Americans’ incomes have stagnated for three straight months. Yet they boosted their spending in September 0.6 percent — three times the increase in August. Under normal circumstances, that would be a troubling sign for the economy. But a ...

Read More »

U.S. economy grew 2.5 percent in Q3

WASHINGTON — A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained, though, is far from clear. Buoyed by a resurgent consumer and strong business investment, the ...

Read More »

Durable goods orders in U.S. fell in September

WASHINGTON — Companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, a positive sign for the sluggish economy. The Commerce Department says overall demand for durable goods fell 0.8 percent. But that was largely because of ...

Read More »