Both Japan and the United Kingdom said Thursday their economies weakened for a second straight quarter, which fits one lay definition for a recession.
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Posted inBusiness, Local & State, 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.
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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, Nation & World, News
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.
Posted inNation & World, News
Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
Former President Donald Trump has told supporters that the inflation under Biden is how ‘countries die’ and that a Trump return to the White House would mean lower energy costs.
Posted inBusiness
FocusMaine wins $6.9 million Alfond grant to expand food economy jobs
The statewide workforce development group founded in 2016 has provided assistance to more than 180 Maine-based businesses in agriculture, aquaculture and biopharmaceuticals.
Posted inBusiness, Nation & World, News
Americans spent more during the holidays despite some financial anxiety
This year’s sales are in line with what is typical during the holiday season.
Posted inBusiness, Nation & World, News
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Posted inBusiness, Nation & World, News
U.S. economy grew 5.2% in 3rd quarter, more than first estimated
The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.
Posted inBusiness
U.S. employers pull back on hiring in October, add 150,000 jobs in face of higher borrowing rates
Strikes against Detroit’s automakers likely shrank last month’s job growth by at least 30,000.