TITLE

At what point do employment declines translate to a recession?

AUTHOR(S)
Baum, Caroline
PUB. DATE
July 2008
SOURCE
Las Vegas Business Press (10712186);7/14/2008, Vol. 25 Issue 28, pP27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the deterioration of the labor market in the U.S. It notes that initial jobless claims breached the 400,000 mark in July 2008, a level consistent with the onset of past recessions. According to economist Ian Shepherdson, labor demand is declining with both the help-wanted index and the net hiring of temporary workers, hitting new lows in 2008.
ACCESSION #
33309374

 

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