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Tag Archives: economists

Home sales dropped in April, foreclosures declined

WASHINGTON — Fewer people purchased previously occupied homes in April. Activity among first-time homebuyers increased and foreclosure sales declined, but those factors weren’t enough to signal a recovery in the weak housing market. Sales of previously occupied homes fell 0.8 ...

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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 this year — down from the group’s February prediction that ...

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Rising food and gas costs push up consumer prices

Consumers paid more for gas and food in April, lifting inflation to its highest level in two and a half years. But inflationary pressures have begun to ease this month and analysts say some prices could taper off by summer. ...

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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 in gasoline and food prices. Retail sales rose 0.5 percent ...

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Lingering problems cloud prospects of big economic gains

WASHINGTON — Higher gas prices, severe storms and belt-tightening at the Pentagon slowed the economy in the first three months of the year. Most economists say the weak January-March growth was a temporary setback that will be followed by stronger ...

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More people applied for unemployment benefits last week

WASHINGTON — More people sought unemployment benefits last week, the second rise in three weeks, a sign the job market’s recovery is slow and uneven. Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending ...

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