Written by The US private sector shed the smallest number of jobs in two years in February, a payrolls firm said Wednesday in a report signaling a healing labor sector as the economy recovers from recession. READ MORE »
Posts tagged recession
California revenue jumps, tax refunds should be paid on time
California’s revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger’s state budget plan, so tax refunds should be paid on time, State Controller John Chiang said on Wednesday. READ MORE »
Economic growth revised slightly lower in Q4
The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the prior quarter, government data showed on Friday. READ MORE »
Moody’s downgrades Greek banks, long slump feared
Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis — including painful austerity measures and a long recession. READ MORE »
Recessions and Recoveries Are Not All the Same
In the old days — before 1990 — American recessions tended to be fairly sharp. But the recoveries, when they came, were also rapid. Laid-off workers were recalled and consumers who had deferred purchases out of fear they might lose their jobs were willing again to buy cars and homes. READ MORE »