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BUSINESS
By a Sun Staff Writer | February 4, 1995
Maryland's unemployment rate dropped again in December, to 4.5 percent, its lowest since May 1990 and a decline of three-tenths of a point from November, the state Department of Economic and Employment Development said yesterday.DEED officials said the drop was due to normal Christmas hiring by retail stores and other seasonal factors. On a seasonally adjusted basis, the November-December decline was from 4.9 to 4.7 percent.It is "encouraging" that "manufacturing hours and wages continue to increase, and retail sales and new automobileregistrations continue to run well ahead of last year's levels," said James D. Fielder Jr., acting DEED secretary.
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BUSINESS
By James P. Miller and James P. Miller,CHICAGO TRIBUNE | September 3, 2005
CHICAGO - In a bit of good economic news that drew only limited attention, the Labor Department said yesterday that U.S. employers added a net 169,000 jobs in August, and the nation's unemployment rate declined to a four-year low of 4.9 percent. Yesterday's report of 169,000 new jobs for August landed short of the 190,000 that economists had been forecasting. But many elements were positive: The percentage of people in the work force rose 0.1 percentage point, to 66.2 percent, its highest level in two years.
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BUSINESS
By John E. Woodruff and John E. Woodruff,Staff Writer | January 8, 1994
Maryland's unemployment rate fell below 6 percent for the first time in more than two years in November, defying the usual late-autumn increase and suggesting that the state's economy is recovering far more powerfully than previously realized."
NEWS
By Larry Carson and Larry Carson,SUN STAFF | September 3, 2004
The latest census figures show that the poverty rate in Howard, the state's wealthiest county, is on the decline. But people who work helping Howard County's poor - from the homeless to the unemployed - say they are seeing more requests for help in recent years, partly because of higher housing costs, job losses and government cuts to services such as child care. "I think the biggest difference is the disparity is growing - the disparity between people who are growing in wealth and those in need," said Susan Rosenbaum, director of the county's Department of Citizen Services, which funnels money and support to a variety of private and public social-service agencies.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | March 11, 2004
Maryland's unemployment rate fell in January to 4.3 percent from 4.6 percent in the previous month, suggesting the state's economy is gradually beginning to produce more jobs after months of sluggish growth. The number of people without jobs fell by about 7,700 from December even as the civilian labor force grew to 2.95 million from 2.91 million during the month, according to federal Labor Department figures released yesterday. The unemployment rate for January was adjusted for seasonal differences and is equal to the rate recorded a year ago. Economists say the numbers suggest that Maryland largely escaped the recession that cast so many workers onto the unemployment rolls in the past few years.
BUSINESS
By Amanda J. Crawford and Amanda J. Crawford,SUN STAFF | June 2, 2000
Maryland's unemployment rate fell to 2.9 percent in April, the second-lowest rate on record and the ninth consecutive all-time monthly low, the state Department of Labor, Licensing and Regulation said yesterday. The state's rate continued to beat the national average, which was 4.1 percent for the month. The state's rate is down from 3.0 percent in March and 3.4 percent in April 1999. The state's lowest unemployment rate since the department began tracking it in 1978 came in December 1999, when it reached 2.8 percent.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | September 3, 1994
Maryland's unemployment rate fell to 5.3 percent in July, as a sharp gain in jobs was fueled by a strong summer-job market.The state's Department of Economic and Employment Development said the overall unemployment rate fell from 5.6 percent in June. But the seasonally adjusted rate, which eliminates summer job market fluctuations in businesses like tourism and construction, rose to 5.5 percent from 5.3 percent in June.DEED Secretary Mark L. Wasserman hailed the report as a sign of economic strength, but economists and business people were less enthusiastic.
NEWS
By Staff report | October 10, 1990
Carroll County's jobless rate fell slightly in August, but still is a full percentage point higher than a year ago.The county's unemployment rate fell from 3.6 percent in July to 3.3 percent in August, state development officials announced.That followed a statewide trend that saw Maryland's jobless rate fall slightly to 4.4 percent from 4.5 percent in July.But the county also followed Maryland in having more unemployed people this past August than a year ago. In August 1989, only 2.3 percent of the county's work force -- 3.7 percent statewide -- was without a job.Compared with August 1989, unemployment was higher in every county in Maryland this year.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | October 5, 1996
Maryland's unemployment rate continued to fall during August, benefiting from seasonal trends but also showing underlying economic strength, new data indicated yesterday.The state's seasonally adjusted unemployment rate fell to 4.7 percent in August, down from 4.9 percent in July and the lowest in the state since June 1990, when it was 4.6 percent.Despite sluggish job growth, Maryland continued to have a lower percentage of unemployed people than the nation overall. The U.S. unemployment rate for August was 5.1 percent.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | May 8, 1999
Maryland's unemployment rate slipped to 3.7 percent in March and remained near its lowest point of the decade, as the state's economy continued to add jobs and boost incomes, new government statistics showed yesterday.The March seasonally adjusted unemployment rate was slightly lower than February's 3.8 percent but higher than January's 3.6 percent, which was the best monthly unemployment rate since August 1989, according to the state Department of Labor, Licensing and Regulation."This is the strongest Maryland has looked this decade," said Anirban Basu, an economist who follows the state for RESI, an economics and consulting institute at Towson University.
BUSINESS
By BLOOMBERG NEWS | August 15, 2004
The average rate on a 30-year fixed mortgage in the United States fell last week to 5.85 percent, the seventh decline in eight weeks, after a government report that showed slower-than-expected job gains last month, Freddie Mac said. The average 30-year loan dropped from 5.99 percent the previous week, according to Freddie Mac. The rate has fallen from an eight-month high of 6.34 percent reached in the second week of May. The rate also was 6.34 percent for the week at this time last year.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | March 11, 2004
Maryland's unemployment rate fell in January to 4.3 percent from 4.6 percent in the previous month, suggesting the state's economy is gradually beginning to produce more jobs after months of sluggish growth. The number of people without jobs fell by about 7,700 from December even as the civilian labor force grew to 2.95 million from 2.91 million during the month, according to federal Labor Department figures released yesterday. The unemployment rate for January was adjusted for seasonal differences and is equal to the rate recorded a year ago. Economists say the numbers suggest that Maryland largely escaped the recession that cast so many workers onto the unemployment rolls in the past few years.
BUSINESS
By BLOOMBERG NEWS | February 15, 2004
The average 30-year fixed mortgage rate fell to 5.66 percent last week as the Federal Reserve signaled it isn't likely soon to raise its benchmark lending target, Freddie Mac said. Other rates also declined. The 30-year rate for the week ending Friday compares with 5.72 percent the previous week and is down from 5.86 percent a year ago, according to the No. 2 purchaser of U.S. mortgages. Mortgage rates move with yields on government securities such as the 10-year Treasury note, for which yields have fallen on signs that inflation will remain low. Federal Reserve Chairman Alan Greenspan said in congressional testimony Wednesday that low inflation will allow the central bank to remain "patient" before raising its overnight lending rate from 1 percent, the lowest since 1958.
BUSINESS
By Amanda J. Crawford and Amanda J. Crawford,SUN STAFF | June 2, 2000
Maryland's unemployment rate fell to 2.9 percent in April, the second-lowest rate on record and the ninth consecutive all-time monthly low, the state Department of Labor, Licensing and Regulation said yesterday. The state's rate continued to beat the national average, which was 4.1 percent for the month. The state's rate is down from 3.0 percent in March and 3.4 percent in April 1999. The state's lowest unemployment rate since the department began tracking it in 1978 came in December 1999, when it reached 2.8 percent.
ENTERTAINMENT
By David Zurawik and David Zurawik,Sun Television Critic | January 23, 2000
LOS ANGELES -- Actress Keri Russell says it was a "brave and liberating thing to do." Her boss, Susanne Daniels, the head of programming at the WB, thinks it was a knucklehead thing to do and says she doesn't want to see it happen ever again. We're talking about about Felicity's hair. With hundreds of channels and millions of possible shows to write about, the key to covering television is to know what matters. Felicity's hair matters. Over the summer, Russell, star of the WB's "Felicity," cut her long, curly hair, and six months later it is still one of the hottest topics of discussion on the Winter Press Tour.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | May 8, 1999
Maryland's unemployment rate slipped to 3.7 percent in March and remained near its lowest point of the decade, as the state's economy continued to add jobs and boost incomes, new government statistics showed yesterday.The March seasonally adjusted unemployment rate was slightly lower than February's 3.8 percent but higher than January's 3.6 percent, which was the best monthly unemployment rate since August 1989, according to the state Department of Labor, Licensing and Regulation."This is the strongest Maryland has looked this decade," said Anirban Basu, an economist who follows the state for RESI, an economics and consulting institute at Towson University.
BUSINESS
By BLOOMBERG NEWS | February 15, 2004
The average 30-year fixed mortgage rate fell to 5.66 percent last week as the Federal Reserve signaled it isn't likely soon to raise its benchmark lending target, Freddie Mac said. Other rates also declined. The 30-year rate for the week ending Friday compares with 5.72 percent the previous week and is down from 5.86 percent a year ago, according to the No. 2 purchaser of U.S. mortgages. Mortgage rates move with yields on government securities such as the 10-year Treasury note, for which yields have fallen on signs that inflation will remain low. Federal Reserve Chairman Alan Greenspan said in congressional testimony Wednesday that low inflation will allow the central bank to remain "patient" before raising its overnight lending rate from 1 percent, the lowest since 1958.
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