American shoppers picked up their spending a bit, but last month’s gain was weaker than expected.
economy
Posted inBusiness, Nation / World, News
Biden aims to repair places left broken by previous economic strategies
President Biden is set to unveil federal grants in Wisconsin to remove or retrofit highways that separate minority neighborhoods in many cities from jobs, hospitals and other services.
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Posted inBusiness, Nation / World, News
U.S. economy adds 275,000 jobs in latest sign of robust labor market
The report, which beat expectations, marked the 39th straight month of job gains.
Posted inBusiness, Maine
Economist sees solid growth ahead, but warns of looming overseas threats, historic federal debt
Commercial real estate vacancies remain high as employees choose to work from home, and leases and mortgages face renewal at higher interest rates, a TD Bank economist said Thursday.
Posted inBusiness, Nation / World, News
The economy is roaring. Immigration is a key reason
Momentum in the job market picked up aggressively over the past year – all while Washington is deadlocked on a border deal.
Posted inBusiness, Nation / World
What recession? Forecasters raise expectations for U.S. economy in 2024
Though measures of inflation have plummeted from their heights and are nearing the Federal Reserve’s target level, many Americans remain unhappy that average prices are still about 19% higher than they were when President Biden took office.
Posted inBusiness, Nation / World
Recession has struck some of the world’s top economies. The U.S. keeps defying expectations
Both Japan and the United Kingdom said Thursday their economies weakened for a second straight quarter, which fits one lay definition for a recession.
Posted inBusiness, Maine, News
The economy is booming. So, why don’t people feel better about it?
A disconnect exists between big-picture indicators like unemployment and wages and the reality of day-to-day life for many in Maine, where groceries and housing costs remain stubbornly high.
Posted inBusiness
U.S. didn’t just avoid a recession – it’s adding hundreds of thousands of new jobs
Employers added a surprisingly robust 353,000 jobs in January in a further sign of economic strength.
Posted inBusiness
U.S. economy boomed in 2023, thanks to consumers opening up wallets
New GDP figures are expected to show solid growth at the end of last year.