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Tag Archives: economic growth

Home building jumps 15 percent in September

WASHINGTON — Homes were built in September at the fastest pace in 17 months, a hopeful sign for the economy. Most of the gain was driven by a surge in volatile apartment construction. That should help create jobs and boost ...

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IMF: World economy enters ‘dangerous new phase’

WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe ...

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Unemployment benefit requests jump to 428K

WASHINGTON — The number of people applying for unemployment benefits jumped last week to the highest level in three months. It’s a sign that the job market remains depressed. The Labor Department said Thursday that weekly applications rose by 11,000 ...

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Obama to address Congress next week on jobs

WASHINGTON — President Barack Obama will lay out his jobs plan in a prime television time address next week to a rare joint session of Congress, the White House said Wednesday. Obama sent a letter to House Speaker John Boehner ...

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Americans cut spending for first time in 20 months

WASHINGTON — Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing. Consumer spending ...

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Economy’s spring slump could last through summer

WASHINGTON — The economy’s spring slump appears to be extending into the summer, according to a slew of mixed data released Thursday. Layoffs are rising. Manufacturing activity in the Northeast expanded only slightly in July after contracting in June. Economic ...

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IMF urges U.S. lawmakers to raise $14.3T debt limit

WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets. The debt limit ...

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