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- Oct 12, 2007
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New data hint U.S. economy on the ropes
WASHINGTON - Sales of previously owned U.S. homes hit a three-month low in June while new claims for jobless benefits surged last week, the latest indications that the economy is on the ropes.
Another report yesterday showed a gauge of the economy`s prospects fell last month, consistent with views the recovery was cooling and that the slowdown could persist through the end of the year.
Read full article here
WASHINGTON - Sales of previously owned U.S. homes hit a three-month low in June while new claims for jobless benefits surged last week, the latest indications that the economy is on the ropes.
Another report yesterday showed a gauge of the economy`s prospects fell last month, consistent with views the recovery was cooling and that the slowdown could persist through the end of the year.
Read full article here