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Tag Archives: Unemployment

Federal Reserve officials slightly more upbeat on economy

WASHINGTON — Federal Reserve officials were slightly more optimistic last month about economic growth for this year than they were in November, reflecting expected gains in consumer and business spending from tax cuts. Fed officials said in an updated forecast ...

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Fewest requests for unemployment aid since 2008

WASHINGTON — The number of people applying for unemployment benefits plunged last week to the lowest level in nearly three years, boosting hopes that companies will step up hiring this year as the economy strengthens. Applications sank by a seasonally ...

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Report: 6K new jobs downtown

Downtown Baltimore gained 6,000 jobs last year as the economy steadied — the first job gain in three years, according to statistics released Tuesday by the Downtown Partnership of Baltimore. The findings are part of the organization’s annual State of ...

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Analysis: Foreclosures raise U.S. economic stress

The nation’s economic stress inched up in December because higher foreclosures outweighed lower unemployment, according to The Associated Press’ monthly analysis. Bankruptcy levels remained largely unchanged from November. But the depressed housing market took a toll. Foreclosure rates rose in ...

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Unemployment falls to 9 percent, only 36K new jobs

WASHINGTON — The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months. The January report illustrates how job growth ...

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Consumer spending just keeps on improving

NEW YORK — Americans didn’t stop splurging after the holidays. They braved snowstorms and shopped in force in January, handing retailers like Costco, Victoria’s Secret and Macy’s surprisingly strong sales. Along with two encouraging economic reports — the biggest service ...

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Week in review: 1/28/11

Snow packs an icy punch It wasn’t the storm of the century, but a cold, wet mess that packed a one-two punch snarled business in much of the state. If you think your neighborhood was bad, spare a thought for tractor-trailer ...

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