Search Tags: economy
There's some encouraging news for for "boomerang kids" - adults who move back in with parents to save money.
The economy is getting stronger which could help to boost job growth, but there are some obstacles to overcome.
Virginia's chief jobs officer and the tie-breaking vote in the Senate, Lt. Gov. Bill Bolling, opposes a move to allow uranium mining and milling, citing the potential to slow job growth in Southside Virginia and concerns about its environmental impact.
Lights, camera, economic impact! Virginia's reputation as a great place to shoot TV programs and scenes for such major films as Steven Spielberg's "Lincoln" is having a bigger impact on the state's bottom line, according to data released Thursday in concert with the screening of the new epic by the award- winning filmmaker.
Tags: film industry,
The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But Labor Department officials cautioned that the figures were distorted by Superstorm Sandy.
While Virginia escaped the worst of the recession — unemployment peaked at 7.3 percent — uneasiness about the future is in the air. For good reason: The state's fortunes are tied to the outcome of the deficit debate on Capitol Hill and its outcome could dramatically alter its economy.
Peter Morici, economist, University of Maryland School of Business
Metropolitan Washington Council of Governments report paints a grim picture for the region's economy if automatic, across-the-board cuts to the federal budget take effect in January. COG says better urban planning and promoting the region's diverse economy will will help offset the potential loss of jobs.
It costs about $235,000 to raise a child from birth to age 17.
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