0
Service Sector Shows No Sign Of Improval
Posted by Stock Online Trader on April 3, 2009 in Service Sector
A private trade group’s measure of the strength of the services sector shrank for the sixth straight month in March, and at a faster pace than expected, as job losses mount. A services index from the Institute for Supply Management, a Tempe, Ariz.-based trade group of purchasing executives, fell to 40.8 last month from 41.6 [...]
Unemployment Rate Expected To Jump To 8.5%
Posted by Stock Online Trader on April 3, 2009 in Economy
Employers are laying off workers at a faster pace despite a few hopeful signs recently that the recession could be easing. The Labor Department on Friday is slated to release a report expected to show that a net total of 654,000 jobs were lost last month. If economists are right, it would mark a record [...]