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IPFS News Link • Economy - Economics USA

U.S. in recession, jobless to peak at 7.5 percent

• Reuters
The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.

1 Comments in Response to

Comment by Fascist Nation
Entered on:

One thing we know is these estimates are always wildly optimistic. When Christmas shoppers buy even less than last year, what will happen. A LOT of businesses are going to shut their doors after Christmas...better spend that gift card quick. That means unemployment.



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