For the year, retail sales fell 6.2 percent, the biggest decline on government records that go back to 1992.
The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. But
the nation’s unemployment rate held steady at 10 percent.
The economy is getting closer to generating jobs for the first time in two years, but it probably won’t be enough to stop
the unemployment rate from rising well into 2010.
President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
The government will release figures this week expected to show that the economy has awakened from its deepest slump since
the 1930s. But the following week, the government will issue another set of figures expected to show unemployment continuing
Unemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates,
the Indiana Department of Workforce Development said Wednesday morning.