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Tag Archives: growth

Unemployment claims hit 4-year low of 357K

WASHINGTON — The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace. Weekly applications dropped 6,000 to a seasonally adjusted 357,000, the Labor Department said ...

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Service firms grow at steady pace, boost hiring

WASHINGTON — U.S. service companies expanded at a healthy pace last month and stepped up hiring, more evidence that the economy is growing and adding jobs. The Institute for Supply Management said Wednesday that its index of non-manufacturing activity dropped ...

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Federal Reserve officials worried job gains could fade

WASHINGTON — Federal Reserve policymakers are worried that recent strong gains in hiring could fizzle if U.S. economic growth doesn’t pick up. Minutes of the Fed’s March 13 meeting show that members expressed those concerns before sticking with a plan ...

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Cardin: Small businesses growth engine of economy

U.S. Sen. Ben Cardin, D-Md., has served on the Senate Small Business and Entrepreneurship Committee since 2007. Cardin sat down at his Washington, D.C. office with The Daily Record to discuss some of the challenges — and victories — for small businesses in a recovering economy.

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Jobless claims fall to lowest level in 4 years

WASHINGTON — The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening. Applications for weekly unemployment benefits fell by 5,000 to a seasonally ...

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Chesapeake Bay grasses down in 2011; rain, heat blamed

Underwater grasses in the Chesapeake Bay declined more than 20 percent last year, hurt by summer heat and heavy rains and snow melt that sent tons of mud and debris into the bay, the Chesapeake Bay Program said Wednesday. The ...

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Bernanke’s cautious words drive market up

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost economic growth. Bernanke’s comments Monday to a group of economists in Arlington, ...

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No new action expected as Fed weighs job gains

WASHINGTON — Since the Federal Reserve’s policymakers last met in January, the job market has shown more muscle. Employers have hired more than a half million people. The unemployment rate is down. The core issue the policymakers face when they ...

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Consumers spend more after incomes rise again

WASHINGTON — U.S. consumers earned a little more in January and spent most of the extra money. The modest gains should keep the economy growing slowly. But they disappointed economists, who were expecting bigger increases after two months of strong ...

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