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Business

Burst of hiring shows off resilience of US job market

WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates. Last month’s job growth marked an increase from a revised gain of 229,000 jobs ...

Homestead preps new development, gives update on Fawn Valley

LAKE PLACID — Lake Placid-based affordable housing developer Homestead Development Corporation presented a sketch plan for a new housing development for essential workers at the Lake Placid-North Elba Joint Review Board meeting Wednesday. Fox Hill, the developer’s new project, will ...

Review board OKs net park expansion at Experience Outdoors

LAKE PLACID — Lake Placid adventure park Experience Outdoors received approval for a net park expansion from the Lake Placid-North Elba Joint Review Board on Wednesday. Experience Outdoors co-owner Bill Walton said that the Adirondack Park Agency has deemed the expansion application ...

Aubuchon presents plans to rebuild

SARANAC LAKE — Aubuchon Hardware’s plans to rebuild its plaza on Broadway that was destroyed in a catastrophic fire more than a year ago are nearing a vote from the Saranac Lake village Development Board, but for now, the board is waiting for consultants to finish reviewing engineering ...

Powell: Federal Reserve is on track to cut rates, though not likely for months

WASHINGTON — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it’s nearing a long-awaited shift toward cutting ...

Americans’ economic outlook brightens as inflation slows

WASHINGTON — After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes. A measure of consumer sentiment by ...