From the article:
The economy in August unexpectedly posted its first monthly decline in jobs since 2003, with manufacturing and construction hit the hardest, in a sign that the danger of recession is rising as the housing slump deepens.
The jobs decline of 4,000 reported yesterday by the Labor Department, which also said 81,000 fewer jobs were created in the previous two months, will force the Federal Reserve to slash interest rates this month to revive what had been the strongest sector of the economy, analysts said.
Financial markets plummeted on renewed worries about the economy, with the dollar hitting a 15-year low against world currencies, market interest rates plunging in anticipation of lower Fed rates, and the Dow Jones Industrial Average falling 250 points.
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