NEW YORK — Lending to small businesses is recovering after a four-month decline. A study released Monday by PayNet, a research firm that tracks loans to small business, shows that lending rose 12 percent in May from April’s levels. That’s ...Read More »
WASHINGTON — Finding rare political accommodation on the cusp of a holiday recess, Congress passed legislation Friday designed to salvage 2.8 million jobs and shield students from a sharp increase in loan interest rates. The legislation, which also revamps highway ...Read More »
WASHINGTON — U.S. consumers spent no more in May than in April after seeing almost no gain in their pay. The lack of growth in consumer spending and wages suggests that a faltering job market is slowing the economy. The ...Read More »
WASHINGTON — The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year. The Commerce Department on Thursday made no change in ...Read More »
WASHINGTON — The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring. The Labor Department said Thursday that weekly applications fell to a seasonally adjusted ...Read More »
A group of about 100 protestors gathered at the offices of the Baltimore Development Corp. at Charles Center Wednesday to demand local hiring in the promised 600 new jobs at the $150 million Superblock development downtown. Chanting “We want jobs” ...
Tagged with: Baltimore Baltimore Development Corporation city council Development EBDI Finance and Economic Development Committee jay brodie jobs laborers international union of north america protest superblockRead More »
NEW YORK — Americans can’t seem to shake their uneasy feeling about the economy. Consumer confidence fell in June for the fourth straight month as worries about the economy outweighed relief at the gas pump, according to a private research ...
Tagged with: AAA conference board consumer confidence consumer confidence index consumer spending consumers Economy hiring home values international council of shopping centers jobs Olive Garden Recession RetailRead More »
WASHINGTON — The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended and it doesn’t look to be getting much better any time soon. A measure of the number of people applying for ...Read More »
WASHINGTON — A survey of chief executives shows fewer large U.S. companies plan to hire or boost spending in the next six months, reflecting a weaker U.S. economy. The Business Roundtable says 36 percent of its CEO members plan to ...Read More »