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Yearly Job Loss Worst Since 1945
The worsening economy resulted in more than 2.5 million job losses last year, the most since 1945, while the unemployment rate climbed to 7.2% in December. Job losses spared no region or sector. (Text of the report)
Wall Street Journal

Global outlook worsens for output and jobs
UK industrial production fell sharply in November, according to the latest data from the Office for National Statistics, prompting some economists to forecast that the economy will have contracted by even more than expected in the fourth quarter of last year
FT.com

Economy: 'The situation is dire' - Elkhart Truth
WASHINGTON -- A staggering 2.6 million jobs disappeared in 2008, the most since World War II, and the pain is only getting worse with 11 million Americans out of work and searching. Unemployment hit a 16-year high of 7.2 percent in December and could ...
Feed Digest

Boeing to cut 4,500 aircraft workers
Boeing is cutting 4,500 jobs or close to 7 per cent of its commercial aerospace workforce in the face of the weakening global economy
FT.com

SA in for rough ride
THE South Australian economy is in for a tough slog this year, with uncertainty the dominating factor.
News

European stocks fall on US data
European stocks fell on Friday after US non-farm payroll data showed the world's largest economy lost 524,000 jobs in December, and a total of 2.6 million were lost in 2008 - the most since 1945
FT.com

US economy loses half a million jobs in a month
The US economy shed more jobs last year than at any time since the end of the Second World War, it was confirmed yesterday, and the number of unemployed or underemployed people has hit 13.5 per cent. ...
Big News Network

FTSE ends lower after US jobs report
The wider market closed lower for a third straight day, with the FTSE 100 down 1.3 per cent on fears over the failing economy, after stocks on Wall Street had a negative reaction to falling monthly payrolls in the US
FT.com

FourthQuarter Earnings Season Kicks Off As Economy Heads Deeper Into Recession
Investors will be focused on earnings this week as Alcoa Inc. AA kicks off the...
mrswing.com

US loses most jobs since 1945
The US economy lost more than half a million jobs in December for the second month running, figures showed, making 2008 the worst year for job losses since 1945 and intensifying pressure on Congress to pass a fiscal stimulus
Financial Times

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Archived "business - course economy" news stories.

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November 2009
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September 2009
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July 2009
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June 2009
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