The U.S. economy grew at a solid pace in the third quarter, marking the first advance this year.
economy
Posted inBusiness, Nation & World, News
U.S. economy shrank at 0.6% annual rate from April through June
It marked the second consecutive quarter of economic contraction, one informal rule of thumb for a recession.
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Posted inOp-Eds, Opinion
Marty Walsh: Actually, America’s workforce is stronger than ever
We shouldn’t emerge from the pandemic with a soured view of our national work ethic, the U.S. labor secretary says.
Posted inBusiness, Maine, News
Maine’s unemployment rate heads toward record low
The state’s jobless rate hits the lowest point since the start of the pandemic and nears record lows set three years ago.
Posted inEditorials, Opinion
Our View: White House reassurance on recession should not be taken at its word
Lack of consensus on America’s economic prospects makes it best to err on the side of caution.
Posted inBusiness, Food & Dining, Maine
Expect higher costs, more closures as seasonal worker shortage strains Maine restaurants
Overburdened and understaffed restaurant owners consider wage and menu price hikes to stay in business.
Posted inBusiness, Nation & World
U.S. economy slipped 1.6% to start year, but growth is expected to return
It was the first drop in gross domestic product – the broadest measure of economic output – since the second quarter of 2020, in the depths of the COVID-19 recession.
Posted inBusiness
Stocks slide on Wall Street as inflation worries persist
The indexes got off to a solid start on Tuesday, but gains faded by midday on consumer confidence news.
Posted inBusiness, Maine
Average gas price in Maine nears $5 a gallon
‘I want them to install crying towels here,’ said one gas station customer, with per-gallon prices up nearly $2 from a year ago and likely to continue climbing.
Posted inBusiness, Maine, News
Despite record gas prices, Memorial Day travel surge expected in Maine
With prices at the pump hovering above $4.70 a gallon, travelers and residents alike plan to take to the road for the traditional start of Maine’s peak tourism season.