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Tag Archives: growth

Bernanke warns Congress to avoid ‘fiscal cliff’

NEW YORK — Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures ...

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Economy adds 171K jobs, unemployment rate rises to 7.9 pct.

WASHINGTON — U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. The solid job growth showed that the economy is strengthening slowly but consistently. The unemployment rate rose to 7.9 percent ...

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Weekly jobless aid applications fall to 363K

WASHINGTON — Applications for U.S. unemployment benefits dropped 9,000 to a seasonally adjusted 363,000 last week, a level consistent with modest hiring. The report comes just before Friday’s October jobs data, the last broad snapshot of the economy before the ...

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Storm’s cost may hit $50B; rebuilding to ease blow

WASHINGTON — Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In the long run, the devastation the storm ...

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