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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
A beat-the-deadline rush to file permits for apartment construction in New York City lifted housing starts to unexpectedly high levels in June, but it was no cause for rejoicing. Construction of single-family homes nationwide fell to the slowest pace in 17 years. ...more
July 18, 2008
Orders to U.S. factories turned in the weakest performance in three months in May, reflecting slumping demand for autos, heavy machinery and steel. ...more
July 3, 2008
U.S. manufacturing grew in June and a measure of prices jumped to a 29-year high, underscoring the Federal Reserve's concern that economic growth will be accompanied by faster inflation. ...more
July 2, 2008
Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes. ...more
June 26, 2008
The U.S. economy may be suffering from its first bout of stagflation since the start of this decade, reports on housing, prices and manufacturing indicated. ...more
June 18, 2008
The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now. ...more
June 13, 2008
As inflation continues to climb, it may be small comfort that prices for iPhones, skirts and drapes are falling. ...more
June 13, 2008
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