Layoffs Spread to More Sectors of the Economy
The News Review:
- Layoffs Spread to More Sectors of the Economy
- Home Depot to close Expo stores
- Home sales up nationwide The Business Journal of Milwaukee
- Business Highlights
Layoffs Spread to More Sectors of the Economy
New York Times United States
Jobs began disappearing in home building and mortgage operations early in the recession then across finance and banking more generally. Now the ax is falling across large swaths of manufacturing retailing and information technology taking out workers from New York to Seattle.
Home Depot to close Expo stores
Los Angeles Times CA
The company is shutting down the upscale chain. RETAILHome Depot to close Expo stores.
Home sales up nationwide The Business Journal of Milwaukee
Bizjournals.com NC
Nationwide the median sales price fell to $175400 down 15. 3 percent from $207000 a year ago. “The economy just simply cannot recover as long as home prices continue to decline” said Lawrence Yun chief economist for the association.
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Business Highlights
Forbes NY
real estate market in more than a decade. Analysts however cautioned that prices are likely to keep falling through 2009 and said the outlook for home sales is highly uncertain. If President Barack bama’s administration enacts a plan to keep borrowers in their homes analysts said the number of foreclosures on the market could decline. Sales of existing homes rose 6. 5 percent to an annual rate of 4. 74 million in December from a downwardly revised pace of 4.
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