Jobless rates drop in most metro areas in August (AP)
The August unemployment rate fell in about 60 percent of metropolitan areas from the previous month, as layoffs ease nationwide.
Archive for September, 2009
Economic growth seen slowing by year’s end (AP)
The unfolding economic recovery will probably lose some momentum in the final three months of the year as rising unemployment and still hard-to-get credit weigh on consumers.
Crude settles above $70 on supply data (AP)
Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year.
Denmark economy shrinks 2.6 pct in second quarter (AP)
Denmark’s economic output dropped 2.6 percent in the second quarter from the previous three-month period, the national statistics agency said Wednesday.
Lockhart: No rush for Fed to raise rates (AP)
A Federal Reserve official sees no need to rush to boost interest rates and rein in the extraordinary support for the economy, suggesting there are still dangers to the unfolding recovery.
ITT gets $8.4M Navy contract (AP)
ITT Corp. received an $8.4 million contract from the Navy to provide panoramic night vision goggle tubes that will be used with a helmet mounted system, the Pentagon late Tuesday.
China orders crackdown on industrial overcapacity (AP)
China announced sweeping curbs on surging investment in steelmaking, cement and other industries, warning that chaotic overexpansion was raising the danger of job losses and trouble for banks.
Stocks set to open higher (CNNMoney.com)
U.S. stocks were poised to open higher Wednesday, as investors awaited the latest economic reports, including a reading on employment ahead of the opening bell.
Congress fashions $350 million dairy aid package (AP)
Amid a crisis of low milk prices and mounting losses in dairy country, lawmakers in Congress are fashioning a $350 million emergency aid package aimed at helping struggling milk farmers.
Officials called to conference on Calif. drought (AP)
The Obama administration, attempting to show it’s helping California with its water crisis, has summoned state officials and interest groups to a conference on how to deal with a shortage that’s causing high unemployment and economic distress in the state’s farm belt.