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Tag Archives: Unemployment

New home sales fell in August for 4th straight month

WASHINGTON — Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery. The Commerce Department said Monday that new-home ...

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Fewer people applied for unemployment benefits last week

WASHINGTON — The number of people applying for unemployment benefits fell last week, though the decline isn’t enough to signal improvement in the job market. Weekly applications dropped by 9,000 to a seasonally adjusted 423,000, the Labor Department said Thursday. ...

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IMF: World economy enters ‘dangerous new phase’

WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe ...

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Default rate on college loans in Maryland rises to 7.8%

COLLEGE PARK — The percentage of college students in Maryland who defaulted on their federal student loans increased last year, as a tough job market for new grads put pressure on student borrowers. The percentage of borrowers in the state ...

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Letters to the Editor – 9/16/11

In the recent address to Congress by President Obama unveiling a new jobs bill, there was specific mention of addressing the need to extend unemployment benefits. The federal government has come to recognize the necessity of insuring that millions of ...

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Rate on 30-year mortgage falls to record 4.09 pct.

WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie Mac said Thursday that the average rate on the 30-year ...

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