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Construction of homes and apartments fell in July to the lowest level in more than 17 years, but some economists said the drop could aid the slumping housing sector by helping reduce a glut of unsold properties. ...more
August 20, 2008
Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday. ...more
August 20, 2008
Retail sales delivered the weakest performance in five months in July as shoppers shunned autos while they paid more for gas. ...more
August 14, 2008
Macy's Inc. saw its second-quarter earnings drop slightly and warned on Wednesday that full-year profits will be below Wall Street expectations as shoppers are more cautious about spending. ...more
August 14, 2008
The U.S. trade deficit has gone on a diet, helped by strong exports of farm products and manufactured goods and by Americans spending less as the economy limps along. ...more
August 13, 2008
Rising prices, falling home values, stagnant wages and tight credit. It's a potent combination that has struck the American consumer hard. ...more
August 5, 2008
Some - In Second Quarter WASHINGTON (AP) - The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks - and actually shrank late last year. ...more
August 3, 2008
Stores, factories and businesses large and small showed workers the door last month, sending unemployment to its highest rate in four years and adding to the evidence an economic recovery remains far off. ...more
August 2, 2008
For many Americans, rising unemployment, higher gas and food prices, and the housing slump have felt like an economic downturn. Now the government's data are catching up. ...more
August 1, 2008
The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks - and actually shrank late last year. ...more
August 1, 2008
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