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WASHINGTON - The number of new unemployment claims jumped more than expected last week, as companies continue to cut jobs at a furious pace and more Americans turn to an extended benefits program. ...more
January 22, 2009
Four grim economic reports released by the government Wednesday added up to a bleak overall picture of the slowing economy. ...more
November 27, 2008
WASHINGTON (AP) - The worst monthly drop on record for retail sales set off new alarm bells about the U.S. economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. ...more
November 16, 2008
The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. ...more
November 15, 2008
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The market's despair - fed by a stream of disheartening economic data - propelled the Dow Jones industrials down 733.08 points to 8,577.91 in its second-largest point loss ever. The major indexes all lost at least 7 percent. ...more
October 16, 2008
Investors agonizing over a faltering economy sent the stock market plunging all over again today after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The Dow Jones industrials dropped as much as 572 points, more than half their huge 936-point advance from Monday, and all the major indexes fell at least 5 percent. ...more
October 15, 2008
Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments. ...more
August 30, 2008
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