US economic fears as hiring slows
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US employers added 18,000 jobs in December, fewer than analysts had forecast, official data shows.
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Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers.
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Growth in the vast U.S. services  sector slowed in September, but mixed data on employment on  Tuesday focused economists' attention on upcoming payrolls data  to get a clearer sign about the outlook.
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US emergency cut in response to weakening economic outlook and recession fears
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Wall Street looked set to open lower on Wednesday as the employment picture soured in August after reports showed a surge in lay-offs and the slowest rate of private-sector hiring in more than four years.
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A raft of bearish data fuelled fears of a US economic slowdown on Tuesday as consumer confidence slumped to a two-year low and house prices in major cities suffered the biggest drop in 16 years.
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US economic growth will slow to 3.5 percent in 2005 from 3.9 percent this year, generating average monthly gains in payrolls of about 175,000 jobs, according to President George W. Bush&#39;s administration.
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Wall Street stocks fell sharply on Friday after weak employment data raised fears that the US economy could tip into recession, capping a torrid start to 2008 for US equities.
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US stocks fell this week after a government report showing slower job growth, coupled with an unexpected drop in an index of service industries and record oil prices, fueled concern that economic expansion will stall.
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Hiring practically stalled in December, driving the nation's unemployment rate up to a two - year high of 5 percent and fanning fears of a recession
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WASHINGTON - Americans are becoming increasingly glum about their economic prospects, as uncertainty over the outcome of the neck-and-neck presidential race grows.
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NEW YORK -- Americans' faith in the economy tumbled in August to a nine-month low, which could translate to tightened purse strings if job growth stumbles or fuel costs rebound.
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Global stock markets tumbled on Friday on fears that the US economy was facing a sharp slowdown as the first monthly fall in employment in four years made an interest rate cut this month all but certain.
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Concerns about a spending slowdown continue to make IT investors nervous.
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The US economy added 112,000 payroll jobs last month, far fewer than the month before and not enough to keep up with average increases in the adult population, the US Labor Department reported on Friday.
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Retail sales and industrial output slow in the US, as the economy feels the strain from housing and credit pressures.
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The number of Americans who can't find employment creeps higher.