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Economic Report: Payrolls fall by 63,000 in February, suggesting recession

March 7th, 2008 · Permalink

WASHINGTON (MarketWatch) — In the clearest suggestion yet of a recession, U.S. nonfarm payrolls fell by 63,000 in February, the second straight decline, the Labor Department reported Friday.
“Turn out the lights the party’s over,” wrote Joseph Brusuelas, U.S. chief economist for IDEAglobal. “We are in a recession.”
It was the largest drop in payrolls since March […]

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Tags: economy · gloom & doom · national

Economic Report: Home builders say gloom won’t dissipate in 2008

February 15th, 2008 · Permalink

ORLANDO (MarketWatch) — The housing market will not stabilize until late in 2008 at best, with sales, starts and prices continuing their slide through most of the year, economists attending the International Builders Show here said Wednesday.
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Tags: economy · gloom & doom · national

Economic Report: Home builders say gloom won’t dissipate in 2008

February 13th, 2008 · Permalink

ORLANDO (MarketWatch) — The housing market will not stabilize until late in 2008 at best, with sales, starts and prices continuing their slide through most of the year, economists attending the International Builders Show here said Wednesday.

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Tags: global · gloom & doom · national