Home / International Tools: Save | Print | E-mail | Most Read | Comment
Sharp drop in jobs suggests US economy in recession
Adjust font size:

US President George W. Bush makes a statement about the economy outside the Oval Office at the White House in Washington March 7, 2008. (Xinhua/Reuters Photo)

The Labor Department has reported that US employers cut their payrolls by 63,000 in February, the biggest job reduction in five years, reinforcing a widening view that the US economy is falling into recession.

"Among economists and politicians, the debate is shifting to how deep the downturn will be and how to ease it," said a report in Saturday's Wall Street Journal.

Many economists had earlier said that the labor market, while weakening, did not indicate an economic recession, the journal reported, but many changed their views following the government report to agree that the US economy is already in a recession.

1   2   3   4    

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Bush: US economy not headed into recession
- US subprime crisis has limited impact on China's economy
- US Slowdown Unlikely to Hit Economy
- China's Development Benefits US Economy
- US Economy Grows Moderately in Difficulties
Most Viewed >>
- Female members of NPC & CPPCC
- Liu Xiang wins 60m hurdles at Indoor Worlds
- China's employment situation 'very severe'
- Chinese furious at 'Tibet-independence' Bjork
- Abbot says Shaolin Temple not to go public

Product Directory
China Search
Country Search
Hot Buys