EconoBlog

Retail sales in the U.S. unexpectedly rose in January, easing concern that the world’s largest economy has already slipped into a recession. The 0.3 percent increase was led by spending on autos, clothes and gasoline, the Commerce Department said today in Washington. The figure followed a 0.4 percent decrease the previous month. Purchases excluding automobiles […]

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.