Americans likely spent about $671 billion, one analyst says – an increase of 5.5 percent from 2016.
economic growth
Posted inBusiness, Nation & World
Service economy dips slightly after fastest growth in 12 years
Experts say consumer confidence and potential corporate tax cuts are boosting the U.S. economy.
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Posted inBusiness, Nation & World
Fed needs to avoid ‘boom-bust’ cycle in economy, Yellen says
The Federal Reserve chair says officials remain puzzled about why inflation has retreated for several months this year.
Posted inBusiness
Fed chief Janet Yellen says economic outlook highly uncertain
The central bank may be slower to raise interest rates as a result.
Posted inBusiness
U.S. economy shows robust growth in spring 2017
The U.S. Commerce Department estimates that the gross domestic product, a measure of the economy’s total income, grew at an annualized rate of 3 percent from April to June.
Posted inBusiness
China looks to lead pack in artificial intelligence
The nation sees AI as a way to generate $59 billion of annual economic output by 2025.
Posted inLife & Culture, Local & State, News
Skowhegan envisions white-water park
A trip to parks in Colorado convinces organizers that the Kennebec Gorge could be a recreation destination.
Posted inBusiness, Local & State, News
Maine’s personal income growth lags the rest of the nation
New statistics from the Bureau of Economic Analysis estimate that Maine’s inflation-adjusted growth rate in personal income ranks among the 10 slowest-growing states.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Research shows how childhood poverty squeezes Maine businesses
Growing up without stable housing and good nutrition can have lifelong economic impacts.
Posted inBusiness, Local & State, News
Maine’s unemployment falls to lowest rate in 40 years
The 3.0% rate for March is driven by gains in construction, trade, transportation, utilities, education and health care.