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Tag Archives: commerce department

Business inventories and sales rose in August

WASHINGTON — Companies were confident enough in the economy in August to keep stocking their shelves, even as other data stoked recession fears. Businesses added to their stockpiles for a 20th consecutive month and their sales rose for a third ...

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Construction spending up but pace is still weak

WASHINGTON — U.S. builders increased spending on homes, office buildings and other projects in August after a big decline in July. The gain still left the construction industry far below levels considered healthy. The Commerce Department says construction spending rose ...

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Fewer people applied for unemployment benefits

WASHINGTON — The number of Americans seeking unemployment benefits fell sharply last week, an encouraging sign that layoffs are easing. Weekly applications dropped 37,000 to a seasonally adjusted 391,000, the Labor Department said Thursday. That’s the lowest level since April ...

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New home sales fell in August for 4th straight month

WASHINGTON — Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery. The Commerce Department said Monday that new-home ...

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August home starts hit a three-month low

WASHINGTON — Builders broke ground on fewer homes in August, evidence that the housing market remains depressed. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July ...

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Business inventories and sales rose July

WASHINGTON — Businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March. The Commerce Department says business inventories rose 0.4 percent in July following a similar gain in June. ...

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Retail sales flat in August, auto demand declined

WASHINGTON — Consumers spent less on autos, clothing and furniture to leave retail sales unchanged in August. The lack of growth suggests households became more cautious during wild stock market fluctuations and increased fears about the economy. The Commerce Department ...

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