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    U.S. Economy Headlines
    Unemployment climbs to 5-year high of 6.1 percent (AP)

    Robert Wittke, left, 24, who says he has been looking for full or part-time work for about two months, talks with manager Jennifer Kaminsky as he fills out an application  at Snelling Staffing Services in East Brunswick, N.J., Friday, Sept. 5, 2008. The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. (AP Photo/Mike Derer)AP - The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans pick a new president.


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    Fri, 05 Sep 2008 22:04:29 GMT - Yahoo! News: Economy News
    Summary Box: Unemployment hits 5-year high (AP)
    AP - THE LATEST: The nation's unemployment rate zoomed to a five-year high of 6.1 percent August and employers slashed jobs for the eighth month in a row. -- read full article
    Fri, 05 Sep 2008 22:07:02 GMT - Yahoo! News: Economy News
    Jobless rate jumps to 5-year high of 6.1 percent (AP)

    Tanaasha Weecks, left, and set designer/builder Dale Defreitas, who said he's still dealing with the lingering effects of the Screen Writers Guild strike which ended in February, look for job opportunities at the California  Employment Development Department Thursday, Sept. 4, 2008, in Los Angeles. The Labor Department reported Friday, Sept. 5, 2008, the August unemployment rate soared to a five-year high of 6.1 percent. Employers cut some 84,000 jobs, marking the eighth straight month of contraction in payrolls. (AP Photo/Ric Francis)AP - The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.


    -- read full article
    Fri, 05 Sep 2008 18:33:26 GMT - Yahoo! News: Economy News
    Summary Box: Jobless claims jump, productivity up (AP)
    AP - JOBLESS CLAIMS JUMP: The number of people filing new claims for unemployment benefits rose 15,000 to 444,000 last week. Economists expected that number to drop. -- read full article
    Thu, 04 Sep 2008 19:26:51 GMT - Yahoo! News: Economy News
    Jobless claims jump is bad omen for economy (AP)

    In this July 30, 2008 file photo, a jobseeker rests during an employment test at the employment training facility, JobTrain, in Menlo Park, Calif. The number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the government said Thursday, Sept. 4, 2008, reversing three weeks of declines. (AP Photo/Paul Sakuma, file)AP - Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers.


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    Thu, 04 Sep 2008 20:27:38 GMT - Yahoo! News: Economy News
    Productivity up strongly while labor costs dip (AP)
    AP - Americans' productivity soared in the spring while labor costs declined, two welcome outcomes that should relieve concerns that inflation is getting out of hand. -- read full article
    Thu, 04 Sep 2008 13:12:41 GMT - Yahoo! News: Economy News
    Jobless claims jump, productivity soars (AP)
    AP - The number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the government said Thursday, reversing three weeks of declines. -- read full article
    Thu, 04 Sep 2008 14:48:52 GMT - Yahoo! News: Economy News
    ECB, BoE expected to leave interest rates steady (AP)
    AP - The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth. -- read full article
    Thu, 04 Sep 2008 04:02:27 GMT - Yahoo! News: Economy News
    Factory orders see wide gains led by aircraft (AP)
    AP - The government says orders to U.S. factories rose by a larger-than-expected amount in July as demand for commercial aircraft, heavy machinery and iron and steel all posted solid gains. -- read full article
    Wed, 03 Sep 2008 14:05:02 GMT - Yahoo! News: Economy News
    Construction spending fell 0.6 percent in July (AP)

    In this July 1, 2008 file photo, construction crews work on a huge commercial residential and retail complex in Richmond, Va. Construction spending took a bigger-than-expected tumble in July as housing activity dropped to the lowest level in seven years and nonresidential activity fell for the first time in seven months, the Commerce Department announced Tuesday, Sept. 2, 2008.  (AP Photo/Steve Helber, file)AP - Construction spending took a bigger-than-expected tumble in July as housing activity dropped to the lowest level in seven years and nonresidential activity fell for the first time in seven months.


    -- read full article
    Tue, 02 Sep 2008 14:28:33 GMT - Yahoo! News: Economy News
    Hundreds of thousands lose power in the Gulf (AP)
    AP - Three years after being punished by Hurricane Katrina, utilities along the Gulf of Mexico were buffeted by 110 mph plus winds from Gustav with customer outages topping 500,000 and growing. -- read full article
    Mon, 01 Sep 2008 20:55:01 GMT - Yahoo! News: Economy News
    Gustav loses stranglehold on energy prices (AP)

    A delegate from Ohio watches as Mississippi Governor Haley Barbour talks about the effects of Hurricane Gustav, by way of video link, at the 2008 Republican National Convention in St. Paul, Minnesota September 1, 2008. (Brian Snyder/Reuters)AP - The punch of Hurricane Gustav appeared to fall softly Monday on the nation's vast energy complex along the U.S. Gulf Coast, and was overshadowed by growing anxiety over the state of the global economy.


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    Mon, 01 Sep 2008 22:00:29 GMT - Yahoo! News: Economy News
    Incomes drop sharply in July while spending slows (AP)

    Shoppers walk next to children's store at a mall in San Jose, Calif., Tuesday, Aug. 12, 2008. Personal incomes plunged in July while consumer spending slowed significantly as the impact of billions of dollars in government rebate checks began to wane. (AP Photo/Paul Sakuma)AP - Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.


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    Fri, 29 Aug 2008 18:29:51 GMT - Yahoo! News: Economy News
    Spring's economic rebound unlikely to last (AP)

    A tugboat passes a cargo ship loading containers at the Port of Newark on Wednesday, Aug. 27, 2008 in New Jersey. The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home. (AP Photo/Mark Lennihan)AP - The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.


    -- read full article
    Thu, 28 Aug 2008 20:42:57 GMT - Yahoo! News: Economy News
    Jobless claims fall for 3rd straight week (AP)
    AP - The number of people signing up for jobless benefits declined last week, the third straight drop from a six-year high reached earlier this month, the government said Thursday. -- read full article
    Thu, 28 Aug 2008 13:07:07 GMT - Yahoo! News: Economy News
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