This year’s sales are in line with what is typical during the holiday season.
economy
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.
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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.
Posted inBusiness, Nation & World, News
Climate destruction fuels growing sector of the U.S. economy
The overall price tag of global warming has long been the subject of debate. New data from Bloomberg Intelligence has put a number on the cost of burning fossil fuels.
Posted inBusiness, Nation & World, News
Surprisingly durable U.S. economy poses question: Are we facing higher-for-longer interest rates?
One after another, economists have postponed or reversed their earlier forecasts for a recession.
Posted inOp-Eds, Opinion
Jim Fossel: Don’t buy the Fed’s rosy economic forecast
The central bank has backed off its prediction of a recession next year, but this does not comfort me.
Posted inBusiness, Nation & World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
U.S. slowed hiring but still added solid 209,000 jobs in June in sign of economy’s resilience
Many industries are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
Posted inMaine Voices, Opinion
Maine Voices: Don’t fall for current MAGA hysteria over the national debt
No other nation has as reliably paid its debts as the United States, and the U.S. has more than enough income to support its debt.