Long Island home prices stabilize
Home prices on Long Island stopped falling in August. The median price of homes contracted for sale last month in Suffolk County remained at $325,000, the same as it was in July, according to numbers...
View ArticleJobless rate reaches 9.8 percent in September
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is...
View ArticleMacArthur says it bucks on-time trend
Officials at Long Island MacArthur Airport are not happy with the Brookings Institution. In a recent report on air travel trends, the Washington-based think tank crammed LIMA in with LaGuardia, Newark...
View ArticleHome sales down $3.17B in 2 years
New housing numbers show a loss of $3.17 billion in Long Island home sales volume since 2007. The gross closing volume from home sales on Long Island totaled $7.79 billion in 2009 compared to $10.97...
View ArticleUnemployment rate unchanged as 36K jobs lost
The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to...
View ArticleWholesale inventories fall while sales increase
Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about...
View ArticleRetail sales rise unexpectedly in February
Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope that the...
View ArticleUS economy hobbled by weak hiring, manufacturing
The data followed a poor month of hiring in August and the Federal Reserve's move last week to launch new stimulus measures to give the hobbled recovery a jolt.
View ArticleNY mum on thousands of reports of disabled abuse
The agency established to protect the disabled in state-funded institutions has received nearly 25,000 reports of significant incidents in its first six months.
View ArticleUS durable goods orders up in March
The big rise in orders for durable goods, which followed an even bigger advance in February, was driven by a surge in demand for commercial aircraft.
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