Home / International / Opinion 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
Comment
Pet Name
Anonymous
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 >>
- Hu Jintao meets former US President Bush
- FARC leader killed by own bodyguard 
- Spain PM Zapatero wins re-election
- Serbian PM resigns following government crisis
- Eight Israeli students killed in shooting attack in Jerusalem
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies