10th
IF ANY more evidence is needed that America’s economy is perilously close to recession, it was delivered this week. On Friday March 7th the Bureau of Labour Statistics announced that the economy lost 63,000 non-farm jobs in February, following a smaller decline in employment in January. Even with all the bearish talk recently, these results were unexpectedly bad; forecasters had projected a small increase, not the largest drop in five years. The unemployment rate edged down from 4.9% to 4.8%, but only because there were fewer unemployed people actively searching for work. (via America’s economy | Heading in the wrong direction | Economist.com)


