Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: great recession

U.S. current account deficit fell in Q2 to $117.4B

WASHINGTON — The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent ...

Read More »

Average on 30-year US mortgage stays at 3.55 pct.

WASHINGTON  — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery. Mortgage buyer Freddie Mac said Thursday that the rate ...

Read More »

U.S. poverty rate unchanged; record numbers persist

WASHINGTON — The Census Bureau reports the number of Americans in poverty stood at 15 percent in 2011. About 46.2 million people, or nearly 1 in 6, were in poverty. That is not statistically different from the 15.1 percent who ...

Read More »

China’s imports shrink in sign downturn worsening

BEIJING — China’s imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending. Imports declined 2.6 percent from a year earlier, ...

Read More »

Weak job growth makes bold Fed action more likely

WASHINGTON — U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy’s persistent weakness and slowing prospects for the unemployed. The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was ...

Read More »