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Tag Archives: growth

Service firms pick up pace in August

WASHINGTON — U.S. service companies expanded at a faster pace in August than July, helped by stronger hiring. The growth at firms that employ roughly 90 percent of the work force suggests the economy is slowly improving. The Institute for ...

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Hiring outlook improves as jobless claims drop

WASHINGTON — Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment. ...

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Baltimore’s hotel bookings soar with convention growth

Charm City’s conventions tourism industry is growing steadily, according to numbers released Thursday that show fiscal year 2012 as Baltimore’s third-most-successful year for booking convention attendees’ hotel rooms in advance.

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Measure of economic activity rose 0.4 percent in July

WASHINGTON — A measure of future U.S. economic activity recovered in July following a sharp drop in June, providing further evidence of an economy that is regaining some momentum. The Conference Board said Friday that its index of leading economic ...

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Business inventories up 0.1 percent in June

WASHINGTON — U.S. companies barely increased their stockpiles in June from May, and sales plunged by the largest amount in more than three years. Business inventories edged up a slight 0.1 percent in June after a 0.3 percent gain in ...

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Study: Downtown rentals key

Downtown Baltimore could successfully grow by nearly 8,000 new households every year for the next five years as a new generation of singles, newly married couples and empty nesters move into center city — many from outside of Baltimore, a study released by the Downtown Partnership of Baltimore says.

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Applications for unemployment aid fall by 6,000

WASHINGTON — The number of Americans applying for unemployment benefits fell by 6,000 last week to a seasonally adjusted 361,000, a level consistent with modest gains in hiring. The Labor Department said Thursday that the less volatile four-week average rose ...

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Service firms grew slightly faster in July

WASHINGTON — U.S. service companies, which employ 90 percent of Americans, grew at a slightly faster pace in July. The Institute for Supply Management reported Friday that its index of non-manufacturing activity picked up slightly last month with a reading ...

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