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CompareCC News Archive Listing for Economy during 2008-05.
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Monster U.S. online jobs index rises in April
 
Reuters - An online gauge of U.S. labor demand rose in April, reflecting more job offerings in the accommodation and food services industry from heavy seasonal hiring, a private research group said on Thursday.
Country braces for more bad news on jobs
 
AP - The country is bracing for more bad news on the jobs front.
Buffett says economy is in recession
 
Reuters - Warren Buffett, the world's richest person, said on Sunday the U.S. economy is in recession, 'as I define it.'
United Airlines may ask for credit revision: report
 
Reuters - UAL's United Airlines is mulling asking its banks to rejig the terms of its credit facility in an effort to get crucial financial flexibility, the Financial Times reported on Monday.
Homebuilders: Waiting for the Thaw
 
BusinessWeek Online - With home prices continuing to drop and the pace of home sales slowing further, nobody has been looking for encouraging results from homebuilders.
Worst of financial crisis is past: Paulson
 
AFP - The credit crisis that has scorched international financial markets is on the wane but more shocks are ahead, US Secretary Treasury Henry Paulson told the Wall Street Journal in an interview published on Wednesday.
Jobless claims fall 18,000 in latest week
 
Reuters - The number of U.S. workers filing claims for initial jobless benefits fell more than expected last week, according to a report on Thursday that suggested the labor market, while soft, was not deteriorating rapidly.
March trade deficit drops by bigger-than-expected amount
 
AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
Federal government surplus for April shrinks
 
AP - The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago.
Tax rebates headed for the pump, grocer: survey
 
Reuters - Consumers will use much of their tax rebate money to pay for increasingly expensive gas and groceries, rather than spend it on electronics or clothes, said the most recent survey by the National Retail Federation.
April foreclosures rise 65 percent on year: RealtyTrac
 
Reuters - U.S. home foreclosure filings in April edged up from March and were a whopping 65 percent higher than a year earlier, real estate data firm RealtyTrac said on Wednesday.
Oil prices drop below $124 a barrel in Asia
 
AP - Oil prices dropped below $124 a barrel Thursday in Asia after the U.S. government issued a mixed report on the country's petroleum reserves.
UN: World economy to grow by 1.8 percent in 2008
 
AP - The world economy is 'teetering on the brink' of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday.
Is the recession off? Housing holds key
 
Reuters - Stock markets are up sharply since March. The recent batch of economic data has not looked as dire as feared. The U.S. Federal Reserve is finding fewer takers for its loan auctions. A fine-art sale drew a record $86 million price for a Francis Bacon painting.
Forecasters see weak economy, higher unemployment
 
AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.
Wholesale inflation slows in April after March increase
 
AP - Inflation at the wholesale level slowed in April following a huge increase in March although prices for a number of items from prescription drugs to pasta shot upward.
As gas prices rise, so does cost of small used cars
 
AP - The beige 2003 Honda Civic sat on Mike Haile's used car lot in Atlanta for only three days before he sold it for $8,200. And that was $300 more than the asking price.
Jobless claims unexpectedly fall in latest week
 
Reuters - The number of U.S. workers filing initial claims for jobless benefits unexpectedly fell 9,000 last week, the government said on Thursday, while the overall number of workers on the benefit rolls held at a four-year high.
US home sales decline in April, but better than expected
 
AFP - Sales of existing US homes, the largest segment of the housing market, fell one percent in April from March, a real-estate industry group said Friday, citing tighter lending practices.
Buffett sees "long, deep" U.S. recession
 
Reuters - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.
High gas prices give boost to small town bus plant
 
AP - Soaring fuel prices are proving to be a pain for most people in the country, but they may have helped save the jobs of hundreds of workers in North Dakota's oldest town.
US recession still probable: Greenspan
 
AFP - A recession in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published Tuesday.
Home prices fell at record pace in first quarter: S&P
 
Reuters - Prices of U.S. single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor's/Case Shiller national home price index reported on Tuesday.
Easy policy behind global inflation: Taylor
 
Reuters - Inflation is rising globally because of an easy monetary policy, especially in the United States, leading economist and former U.S. Under Secretary of Treasury for International Affairs John Taylor said on Wednesday.
Dollar rises against yen
 
AP - The dollar rose against the yen Thursday in Asia as investors took heart from better-than-expected U.S. durable goods orders.
New York City economy expands in May: NAPM-NY
 
Reuters - Business activity in New York City grew in May for the first time in four months, helped in part by easing worry over credit conditions, according to an industry report released on Friday.
High gas prices hit consumers worldwide
 
AP - Feeling woozy about the fortune you've just pumped into your gas tank? Drivers around the world share the sensation.

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