Joel Naroff

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Huge job losses set off recession alarms

AP News 15 days ago

<div id="subtitle">Biggest Job Loss in 5 Years Sets Off Recession Alarms; Nearly Quarter-Million Gone in 3 Months</div><div><p>It's no longer a question of recession or not. Now it's how deep and how long. Workers' pink slips stacked ever higher in March as jittery ...

Two Million Jobs Lost So Far in 2009

consumeraffairs.com 16 days ago

&lt;div id="subtitle"&gt;More Americans on food stamps as economy crumbles&lt;/div&gt;&lt;div&gt;&lt;p&gt;If you lost your job in the first three months of this year, it may be small consolation that you're in good company. More than two million of your fellow Americans found themselves in ...

Wholesale prices fall unexpectedly in March

AP News 16 days ago

<div id="subtitle">Wholesale prices fall unexpectedly last month, driven by lower food and energy costs</div><div><p>Wholesale prices dropped sharply last month as the cost of food, gasoline and home heating oil plummeted, fresh evidence that inflation appears to pose little immediate threat to the ...

Consumers Cut Spending in March

consumeraffairs.com 16 days ago

&lt;div id="subtitle"&gt;Dismal retail sales reports undercut optimism about economy&lt;/div&gt;&lt;div&gt;&lt;p&gt;Consumers looking for some positive indicators about the nation's battered economy won't find it in the report on March's retail sales. After rising in January and February, U.S. retail sales dropped last month.&lt ...

More Than 500,000 Jobs Lost in December

consumeraffairs.com 16 days ago

&lt;div id="subtitle"&gt;Unemployment rate jumps to 7.2 percent&lt;/div&gt;&lt;div&gt;&lt;p&gt;More Americans lost their jobs in December, as the U.S. Labor Department reports the nation's unemployment rate jumped to 7.2 percent, a 16-year high.&lt;/p&gt;&lt;p&gt;The economy shed 524,000 jobs ...

Inflation All But Disappears

consumeraffairs.com 16 days ago

&lt;div id="subtitle"&gt;Price decreases are rare bright spot in bad economy&lt;/div&gt;&lt;div&gt;&lt;p&gt;The one bright spot for consumers in an otherwise dreadful economic downturn is a dramatic drop in prices. That's underlined in the government's Consumer Price Index for December, which showed prices declined 0.7 ...

Consumers Spending Less, Saving More

consumeraffairs.com 17 days ago

&lt;div id="subtitle"&gt;Cash hoarding will help economy in long term, expert says&lt;/div&gt;&lt;div&gt;&lt;p&gt;For the sixth month in a row, American consumers spent less and socked more of their money away in bank accounts.&lt;/p&gt;&lt;p&gt;The U.S. Commerce Department reports consumer spending fell ...

Is It Safe to Buy a House?

consumeraffairs.com 18 days ago

&lt;div id="subtitle"&gt;Foreclosures and sinking home prices may signal a new era for buyers&lt;/div&gt;&lt;div&gt;&lt;p&gt;Home prices have plunged in 2008, as air continues to escape from the housing bubble. Foreclosures in many cities have created a buyer's market, dropping prices 30 percent or more ...

533,000 Jobs Lost in November

consumeraffairs.com 18 days ago

&lt;div id="subtitle"&gt;Unemployment rate shoots to 6.7 percent&lt;/div&gt;&lt;div&gt;&lt;p&gt;A deepening recession has battered the job market, as the U.S. Labor Department reports unemployment rose to 6.7 percent last month. Employers cut payrolls by 533,000 jobs during the month.&lt;/p&gt;&lt;p&gt ...

Payrolls Plunge in September

consumeraffairs.com 19 days ago

&lt;div id="subtitle"&gt;Nine months straight of job losses&lt;/div&gt;&lt;div&gt;&lt;p&gt;Payrolls fell in September by the largest amount in five years. The U.S. Labor Department reports the nation's unemployment rate was 6.1 percent, up nearly one and a half points over September 2007.&lt;/p&gt;&lt ...

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