Posts tagged as:

recession

Goody’s Files Chapter 11… Another Retailer on the Brink

June 9, 2008

Goody’s isn’t exactly a high-end store.  With 350 stores throughout the eastern section of the country, today the chain added its name to the list of retailers who are seeking bankruptcy reorganization.  And, we are still wondering if we are in a recession?
Goody’s clientele are among those who are most hurt by rising food prices [...]

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March Numbers Show 80,000 More Lost Jobs

April 4, 2008

The question seems to be answered at this point.  It is looking like recession… at least for the 80,000 people who lost their jobs in March.  In the three previous months a total of 85,000 jobs had been lost.  The trend is definitely downward in the employment market.
In recent testimony before Congress Federal Reserve Chairman [...]

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