Posts Tagged ‘economic downturn’
U.S. Jobless Rate Worse Than Expected
The nonfarm payroll statistics for September showed a sharp decline of 95,000 jobs--far more than analysts predicted. The steep drop reflected a decline in government payrolls that shows the damage being done by rising fiscal deficits. “September’s U.S. payroll report adds to the evidence that the recovery is losing what little forward [...]
Bank Of Japan Makes Proactive Economic Moves
Bank of Japan is trying some creative tactics to stem a flagging economy after more traditional methods produced only sluggish results. Japan's central bank announced Tuesday, a move to lower its key interest rate to between 0% and 0.1%. It previously stood at 0.1%. The bank also said it would purchase about $60 billion of government bonds and [...]
