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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.
Maryland Gov. Martin O'Malley said during a TV appearance Sunday the nation is not better off than it was four years ago.
Home prices are up in each county in the Washington metro area, signaling a positive step for the housing market.
For the second year in a row, the average hours worked by Americans has increased.
In 2007, David and Jackie Siegel had it all. They were living the American dream. Then, the Great Recession struck.