OECD area economies continue to slow down in July
Friday, September 05, 2008 11:30:08 AM - Growth in the seven major world economies continued to weaken in July as indicated by the Composite Leading Indicators, or CLIs, the OECD said on Friday. Among the large non-OECD member countries, the CLI`s point to tentative expansion in China, Brazil and Russia while the Indian economy was mired in the throes of a downturn. |
Unemployment Rate Jumps To Nearly Five-Year High In August
Friday, September 05, 2008 9:15:21 AM - Employment continued to decrease in the month of August, according to a report released by the Department of Labor on Friday, with the continued job losses helping to lift the unemployment rate to its highest level in almost five years. |
Employment Fell By 84,000 Jobs In August
Friday, September 05, 2008 8:41:09 AM - Employment continued to decrease in the month of August, according to a report released by the Department of Labor on Friday, with the continued job losses helping to lift the unemployment rate to its highest level in almost five years. |
Fed`s Yellen Warns That Credit Crunch May Be Deepening
Thursday, September 04, 2008 2:30:51 PM - The housing and credit crunch that has left the economy in a state of turmoil over the last year are `ongoing and perhaps deepening,` San Francisco Federal Reserve Bank President Janet Yellen said Thursday. She offered `favorable` prognosis on inflation, however, stating that it will likely moderate in the face of slowing economic growth. |
Fed`s Fisher Says Growth Will Remain `Sluggish` Into 2009
Thursday, September 04, 2008 1:41:04 PM - Dallas Federal Reserve Bank President Richard Fisher stood by his gloomy economic forecast Thursday, calling for sluggish economic growth `for some time` into 2009 before the economy gets back on track. He also cautioned that there is a distinct risk that inflation will become embedded and be more than a `one-off` event. |
ISM Service Index Indicates Unexpected Growth In August
Thursday, September 04, 2008 10:35:35 AM - Activity in the service experienced unexpected growth in the month of August, according to a report released by the Institute for Supply Management on Thursday, although the report also showed continued weakness in employment. |
ISM Service Index Edges Up To 50.6 In August
Thursday, September 04, 2008 10:10:34 AM - Activity in the service experienced unexpected growth in the month of August, according to a report released by the Institute for Supply Management on Thursday, although the report also showed continued weakness in employment. |
Data Raises Some Concerns About Monthly Employment Report
Thursday, September 04, 2008 9:30:09 AM - A slew of data related to the labor market has been released on Thursday, with a pair of the reports raising some concerns about the strength of the August employment report due to be released by the Department of Labor on Friday. |
Productivity Growth Revised Up More Than Expected, Labor Costs Dip
Thursday, September 04, 2008 9:17:24 AM - Thursday morning, the Department of Labor released its revised report on productivity and unit labor costs in the second quarter, showing a bigger than expected upward revision to productivity growth along with a notable downward revision to costs. |
Weekly Jobless Claims Show Unexpected Increase
Thursday, September 04, 2008 9:05:50 AM - Initial jobless claims showed an unexpected increase in the week ended August 30th, according to a report released by the Department of Labor on Thursday, with the data likely to raise concerns about the strength of the monthly employment report. |
