Since the Great Recession, health technologist Fannie Boykins has cut back on her spending. But she continues to buy her groceries from an organic supermarket […]
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More manufacturing jobs as strength builds in aviation industry
With its extra-large windows and dynamic lighting, several of Boeing’s much-hyped 787 Dreamliners had just begun flying passengers when the planes were grounded in January […]
Portsmouth Naval Shipyard prepares for sequester-related furloughs
The workers at the Portsmouth Naval Shipyard in Kittery, Maine, will soon be furloughed one day a week for the next six months as the […]
Rising Costs Hurt The Retired
Increasing gas prices bumped up inflation last month, and while inflation is not accelerating, energy and medical costs are hurting retired seniors. Consumer prices rose […]
February Retail Numbers Up In Spite of New Taxes
Americans increased spending in February despite new taxes and continued uncertainty in Washington over budget cuts. Retail spending for February rose 1.1 percent, exceeding analysts […]
U.S. Trade Deficit increases despite Economic Recovery
The U.S. trade deficit widened in January, reflecting an increase in demand for imported oil. The trade gap widen to $44.45 billion, a 16.5 percent […]
Increasing auto sales show further sign of recovery
Auto sales rose again in February, marking the fourth consecutive month of strong vehicle sales, a leading sign of recovering economy. Light vehicle sales for […]
Manufacturing surge points to growing economy
Manufacturing expanded in February for the third consecutive month, as the economy overall continued to strengthen. The influential Purchasing Managers Index (PMI) rose to 54.2 […]
Personal income posts biggest plunge in 20 years
Personal income plummeted by the largest margin in 20 years in January, but the decline constitutes a temporary adjustment rather than a long-term trend. The […]
Durable goods orders fell in January, economists optimistic
Orders for durable goods declined in January but the economy has underlying strengths, signaling business spending is on the rise. Durable goods did better than […]