Associated Press
Attention, bargain-hunters around the world: Japanese goods – from cars to televisions – are going on sale.
Workers who have dropped out of the labor force may take a few years to begin searching for work, Federal Reserve economists say in a paper offering insights into the health of a labor market that’s key to central bank policy.
Associated Press
Global economic malaise has knocked the stuffing out of Luo Yan’s business making toy animals.

News now

  • Poll: Recovery to reach ’15
    The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll.
  • Housing starts fall 16.5% in April
    U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008.
  • Output slows for most goods
    U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output. The weakness suggests economic growth may be slowing.
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