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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 […]
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 […]
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 […]
Worker output fell, labor costs rose in spring
WASHINGTON — Worker productivity fell this spring more quickly than previously estimated and labor costs rose at a faster clip. The decline in worker output could mean that some companies […]
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 […]
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 […]
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 […]
Rep. Bartlett files for re-election
FREDERICK — U.S. Rep. Roscoe Bartlett says he is filing for re-election in Maryland’s 6th Congressional District. The 85-year-old Republican said Tuesday he hopes to win an 11th term representing […]
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 […]
Leading indicators rise, point to slow growth
NEW YORK — A private research group forecasts that the economy will grow modestly over the next few months, recovering from a late-spring slump. The Conference Board says its index […]
Economists: Lower growth, higher oil prices coming
NEW YORK — Economists are dialing back their expectations for U.S. economic growth this year. A survey from the National Association for Business Economics predicts GDP will grow 2.8 percent […]
Retail sales up for 10th straight month in April
WASHINGTON — Consumers spent more on gasoline, clothing and autos in April, pushing retail sales up for a 10th straight month. But much of the gain came from a surge […]
