Jobs: Housing Steady, Watch out Retailretail employment during the past year has consistently lost ground in the government’s monthly reports. Retailers have shaved more than 100,000 jobs off their payrolls
CEOs Take Dim View of US EconomyThe findings suggest that volatile energy prices, rising interest rates and cooling U.S. housing market of the past year are beginning to take a toll on business.
Bernanke says housing in ‘Substantial Correction’ “There is currently a substantial correction going on in the housing market,” Bernanke said. The decline in residential housing construction is one of the “major drags that is causing the economy to slow.”
Sevices in US Grow at Slowest Pace in 3 Years The report suggests the economy is losing momentum as the fourth quarter begins. A weakening housing market that has left Americans feeling less wealthy is limiting consumer spending at retailers such as Wal-Mart Stores Inc. and dragging on growth
Factory Orders Unchanged in August Oct. 4 (Bloomberg) — Orders placed with U.S. manufacturers were unchanged in August, the second month without an increase, suggesting a slowdown in production as the economy cools.
