The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
With no supermarket for residents of Atlantic City, New Jersey and hospitals create mobile groceries
The program aims to bring high-quality food and fresh produce to economically deprived areas that lack meaningful access to healthy food.
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Posted inBusiness
Unionized DHL Express workers strike at critical Cincinnati air cargo hub
More than 1,100 workers walked off the job at Cincinnati/Northern Kentucky International Airport during the busiest time of the year.
Posted inBusiness, Nation & World, News
In a reversal, Starbucks proposes restarting union talks and reaching contract agreements in 2024
Saturday marks the second anniversary of a Starbucks store in Buffalo, New York, voting to unionize.
Posted inBusiness, Food & Dining
Is Freeport starved for more restaurants?
Although overhead, labor costs, staffing shortages and the lack of downtown housing make it challenging to launch new restaurants, many say the town of 8,784 (and millions of tourists) needs more choices.
Posted inBusiness, Maine, News
Amtrak’s Downeaster to receive $27 million in federal funding for track improvements
The authority that oversees the Downeaster also will get a $500,000 grant to explore expanding service to Rockland and adding a station in Falmouth.
Posted inBusiness
Employers add 199,000 jobs; unemployment falls, signaling sturdy labor market
The November job gain was a reminder that many employers continue to hire.
Posted inBusiness, Nation & World
Turning blades send first commercial offshore wind power onto U.S. grid
When completed early next year, the wind farm will be able to generate 132 megawatts of offshore wind energy to power more than 70,000 homes.
Posted inBusiness, Nation & World
Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
The National Retail Federation has revised a report to pull back the claim that organized retail crime accounts for nearly half of overall industry shrink.
Posted inBusiness, Nation & World, News
Office holiday party booze is being replaced with guac and pickleball
The classic end-of-year celebration – the office holiday party – has gotten a full makeover.