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Tag Archives: great recession

Manufacturing-job losses hobble Western Maryland economy

HAGERSTOWN — Consumers buy less. Manufacturers make less. Shippers ship less. Hammered by the Great Recession, Western Maryland is still reeling. Nearly four years after the economy headed south, unemployment in Allegany, Garrett and Washington counties remains far higher than ...

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Retailers report solid sales gains for July

NEW YORK — Many U.S. retailers posted solid sales in July as deep discounts and sweltering heat drove shoppers to air conditioned malls. But analysts worry that momentum won’t continue through the back-to-school shopping season. Despite a flow of bad ...

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Sweat Equity: Entrepreneur hopes for success with Velovoom cycling studio

In the first installment of The Daily Record's new multimedia series, Sweat Equity: Starting a business after the Great Recession, entrepreneur Marc Caputo talks about his new business in Bethesda called Velovoom—which is much more than a spin class. Caputo hopes the unconventional approach will draw in unhappy gym-goers.

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Poll: Hiring plans top layoffs by most in 12 years

WASHINGTON — Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Business Economics finds that economists are more hopeful ...

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