US economic fears as hiring slows
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The US unemployment rate hit a two-year high in December, data shows, raising fears about a slowdown.
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US businesses added 96,000 jobs to payrolls in September, the government has reported, a weaker-than-expected total that is expected to sharpen a presidential debate later in the day over the economy&#39;s direction.
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US retail sales and industrial output slow as the economy is hit by the housing slump and credit squeeze.
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AFP/File - A weaker-than-anticipated report on the US labor market, showing just 112,000 jobs added in November, cast fresh doubts over the pace of growth of the world's largest economy.
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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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WASHINGTON -- Nervous employers cut 17,000 jobs in January _ the first such reduction in more than four years and a fresh trouble sign that the economy is in danger of stalling.
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Weak manufacturing data heighten worries about the U.S. economy.
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The US government released worse-than-expected unemployment figures today, piling pressure on George Bush ahead of tonight&#39;s second presidential debate.
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Jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.
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U.S. growth slowed in some parts of the country last month and private employers hired fewer people than expected, according to reports on Wednesday that chime with other weak signals from the economy.
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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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Confidence among US consumers falls in January as shoppers worry about the job market, new figures show.
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US emergency cut in response to weakening economic outlook and recession fears
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The US jobless rate dropped in November, but analysts are surprise and disappointed by the weak job creation numbers reported by the US Labour Department.
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US businesses added 96,000 jobs to payrolls in September, the government reported on Friday, a weaker-than-expected total that was expected to sharpen a presidential debate later in the day over the economy&#39;s direction.
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The number of new applications filed last week for US unemployment benefits fell sharply, offering a hopeful sign that the recovery in the job market may be gaining some steam.
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The new year may be a slow one for job seekers, as few area employers expect to be hiring in the first quarter of 2005, the latest Manpower Employment Outlook Survey showed.