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
Aug 01 U.S. Employers Cut 51,000 Jobs in July By Admin, PBS News Hour The U.S. unemployment rose to its highest level in four years in July as employers slashed 51,000 jobs, according to a Labor Department report released Friday. Continue reading
Jul 03 U.S. Employers Cuts Payrolls by 62,000 in June By Admin, PBS News Hour The Labor Department announced the sixth consecutive month of job cuts as U.S. employers cut 62,000 non-farm workers from their payrolls in June, creating the longest-running decline since 2002. Continue reading
Jun 06 Unemployment Rate Jumps to 5.5% in May By Admin, PBS News Hour The nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months. Continue reading
May 02 Labor Dept. Report Shows Fewer Jobs Lost in April By Admin, PBS News Hour Employers cut fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, the Labor Department announced Friday. Continue reading