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Tag Archives: income

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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Consumer spending up 0.8 percent, but income lags

WASHINGTON — U.S. consumers boosted their spending in February by the most in seven months. But Americans’ income barely grew, and the saving rate fell to its lowest point in more than two years. The Commerce Department said Friday that ...

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Tax credit review legislation wins tentative approval in House of Delegates (access required)

ANNAPOLIS — The House of Delegates gave preliminary approval Saturday to legislation that would require the review of 31 of the state’s 341 tax breaks, many of which go to businesses and industries. HB 764 would force the review of ...

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Gay wedding bonanza? (access required)

ANNAPOLIS – John Stowell sees dollar signs when he thinks about gay marriage becoming legal in Maryland. Stowell, the director of sales and marketing at The Intercontinental Harbor Court hotel in the Inner Harbor, says the hotel’s reception hall is ...

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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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