Dec 24 Consumer Spending, Durables Goods Orders Drop as Jobless Claims Rise By PBS News Hour The Commerce Department reported Wednesday that consumer spending fell for a fifth straight month in November, and Americans' incomes dropped as well, partially reflecting massive job layoffs. Continue reading
Dec 11 U.S. Unemployment Claims Hit 26-Year High By Admin, PBS News Hour More than 570,000 people filed initial applications for jobless benefits during the first week of December, the highest one-week filing rate in 26-years, the Labor Department said Thursday. Continue reading
Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… Continue reading
Oct 15 U.S. Markets Plummet, Global Indicators Slide Amid Recession Fears By PBS News Hour After a two-day rally, U.S. stock prices plunged Wednesday as investors worldwide expressed concerns the global efforts to inject liquidity and restore confidence to the battered financial system may not be enough to stave off a widespread recession. Continue reading
Oct 03 Employers Slash 159,000 Jobs in September By Admin, PBS News Hour Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession. Continue reading
Oct 02 Reports: High Unemployment, Low Manufacturing By PBS News Hour Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August. Continue reading
Sep 05 Unemployment Rate Jumps to Five-Year High By Admin, PBS News Hour The nation's unemployment rate rose to a five-year high of 6.1 percent in August, according to a new Labor Department report, as employers continued to cut jobs in a troubled economy. Continue reading
Aug 19 Wholesale Inflation Rises, Home Construction Falls By Admin, PBS News Hour Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, while construction of homes and apartments fell to the lowest level in more than 17 years, the government reported Tuesday. Continue reading
Aug 13 Sagging Interest in Motor Vehicles Drives July Retail Sales Down By PBS News Hour Driven down by sagging demand for vehicles, U.S. retail sales had their worst showing in five months in July, according to newly released government figures. Continue reading