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PublishedApril 26, 2024
Inflation is overshadowing U.S. economic resilience, hurting Biden
Most economists say the underlying momentum of the U.S. economy remains strong. But growth and jobs – which have been surprisingly sturdy – have generated little tangible benefit to Biden’s hopes for reelection.
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PublishedApril 26, 2024
Maine made progress in wages and productivity, but still faces shrinking labor force
A report released Friday by the Maine Department of Economic and Community Development says the state has hit some of its 2030 targets but has fallen short of 'where we need to be.'
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PublishedApril 25, 2024
U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point.
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PublishedMarch 31, 2024
What does the Baltimore bridge collapse mean for Maine’s supply chains?
The effects won't reach the state for over a month, one expert said. But there could be delays in restocking various goods, and consumers may see prices go up.
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PublishedMarch 22, 2024
Immigration is fueling U.S. economic growth while politicians rage
The surprising pace of U.S. job growth is attributable in part to immigrants.
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PublishedMarch 14, 2024
February retail sales up 0.6%, yet fissures emerge in what has been a driving force for U.S. economy
American shoppers picked up their spending a bit, but last month’s gain was weaker than expected.
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PublishedFebruary 29, 2024
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.
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PublishedFebruary 26, 2024
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.
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PublishedFebruary 15, 2024
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.
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PublishedFebruary 4, 2024
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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