EconoBlog

17,000 jobs dissapeared in January. The US government reported Friday, the first decline in the work force in more than four years, and the strongest signal that the United States may be in a recession already. It seems that the collapse of the housing bubble is rippling through the rest of the economy.

The Federal Reserve will provide $60 billion in cash to commercial banks in two auctions in February and will keep holding auctions every other week for as long as needed to ease the credit crisis.The auctions will be held on Feb. 11 and Feb. 25. In a brief statement, the Fed said that it intended […]