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Jobless claims jump as housing market gets weaker
WASHINGTON - Two cornerstones of the economy -- jobs and housing -- sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.
Nations:U.S. Activities:2008 U.S. Recession 2007 Global Credit Crunch Source:(AP)
2008-07-24
Widespread earnings woes reflect consumer fears
NEW YORK (Reuters) - The deepening plight of the American consumer has started to take a big bite out of corporate earnings.
Activities:2008 U.S. Recession 2007 Global Credit Crunch
2008-07-21
Jobless claims rise to 366,000 last week
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits rose by a less-than-expected 18,000 last week to 366,000 on a seasonally adjusted basis, a Labor Department report showed on Thursday.
Activities:2008 U.S. Recession Source:(Reuters)
2008-07-17
US inflation soars at 26-year high on energy prices
WASHINGTON (AFP) - Soaring energy costs drove US consumer prices up 1.1 percent in June to an annual pace of 5.0 percent, data showed Wednesday, prompting a central bank warning and rising stagflation concerns.
People:Ben Bernanke Activities:2007-8 Global Inflation Source:(AFP)
2008-07-16
Downturn gains steam as inflation roars ahead
WASHINGTON - The U.S. economic downturn gained steam Tuesday, with a report of the highest inflation since the early 1980s, more bad news for banks and automakers and a suggestion by the Federal Reserve chief that worse days are ahead.
People:Henry Paulson Ben Bernanke Activities:2008 U.S. Recession U.S. Markets 2007-8 Oil Crisis Source:(AP)
2008-07-15
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