Retail sales post big drop in November

U.S. retail sales excluding autos posted their biggest monthly drop in five years in November, as consumers, spooked by a deepening recession, pared spending for a third straight month, a private report released on Thursday showed.

//www.reuters.com/article/email/idUSTRE4BA0W820081211



"Nasty Recession" for U.S. to Include Four Quarters of Declining GDP

In its fourth quarterly report of 2008, the UCLA Anderson Forecast predicts that the current recession inflicting the national economy will feature four quarters of negative growth (followed by very tepid growth rates) and rising unemployment rates that last through 2010.

//tinyurl.com/67ytoc



A tattered safety net for US unemployed

As a rising number of Americans sign up for unemployment benefits, many of the state-funded trusts that pay them are on the decline. At least 12 of them are on the brink of insolvency. In 20 other states, the funds have lost value, even before the big job losses of the past two months.

//news.yahoo.com/s/csm/20081211/ts_csm/asafetynet



Report: Recession has 43 states facing financial trouble

Map highlights 43 states said to be facing budget shortfalls.
//tinyurl.com/56rtzq


From Information Clearing House



//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=retail+sales
//freepage.twoday.net/search?q=GDP
//freepage.twoday.net/search?q=budget+shortfall
//freepage.twoday.net/search?q=unemployment

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