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Tag Archives: Recession

Service firms grew at slightly faster pace

WASHINGTON — Service firms that employ 90 percent of the U.S. work force expanded at a slightly faster pace in August. But the sector remains too weak to help an economy that is barely growing and struggling to create jobs. ...

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Experts downbeat on global economy

CERNOBBIO, Italy — Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday — with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility. ...

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Verizon strike boosts unemployment aid requests

WASHINGTON — The number of people seeking unemployment benefits rose last week. But it was pushed up by thousands of Verizon workers who were on strike. The Labor Department says weekly applications rose 5,000 to a seasonally adjusted 417,000, the ...

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