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Tag Archives: Recession

IMF offers bleak assessment of stalled recovery

TOKYO — Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Advanced economies are risking recession, the international lending ...

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Survey: Businesses added 162K jobs in September

WASHINGTON — A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring. Payroll processor ADP said Wednesday that companies added 162,000 jobs last month. That’s below ...

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At second look, economy is not so bad after all

WASHINGTON — At first glance, a batch of U.S. economic data released Thursday looked dispiriting. Companies slashed orders for factory goods. The government cut its most recent growth estimate. And fewer people signed contracts to buy homes. Yet a peek ...

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Unemployment aid applications at 2-month low

WASHINGTON — The number of Americans seeking unemployment benefits plunged 26,000 last week to a seasonally adjusted 359,000, a hopeful sign for the job market. It’s the lowest level of weekly applications in nine weeks. The Labor Department said Thursday ...

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Economists say U.S. needs more taxes, spending cuts

NEW YORK — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for Business Economics recently surveyed say ...

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Home sales jump to highest since May 2010

WASHINGTON — A jump in sales of previously occupied homes and further gains in home construction suggest the U.S. housing recovery is gaining momentum. Sales of previously occupied homes rose 7.8 percent in August from July to a seasonally adjusted ...

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