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Tag Archives: economist

Federal spending helping state’s economy

CAMBRIDGE — Maryland’s recovery gained momentum during the last year largely on the strength of increased federal spending and BRAC-related development, a leading economist told state and local economic development officials gathered here Monday. While much of the news was ...

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New-home purchases fall, 2011 worst ever for sales

WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...

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Census: More kids living in poverty in D.C. area

WASHINGTON — New U.S. Census figures show the number of school-age children living in poverty jumped significantly in Washington and in Montgomery County during the recession. In the District of Columbia, the rate increased from 25.4 percent in 2007 to ...

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Foreclosures drive sales of previously owned homes

WASHINGTON — The number of Americans who bought previously occupied homes rose in August. But the sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery. The ...

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More people applied for unemployment benefits

WASHINGTON — The number of people seeking unemployment benefits ticked up slightly last week, evidence that the job market isn’t improving. Weekly applications for unemployment benefits rose 2,000 to a seasonally adjusted 414,000, the Labor Department said Thursday. The report ...

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