International Business News - economy http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Health care has turned into one of the hotter places for job growth as summer winds down, according to the latest numbers from the U.S. Bureau of Labor Statistics. http://www.ibtimes.com/articles/20080905/health-care-sector-shows-job-growth-in-august.htm Fri, 05 Sep 2008 14:35:52 EDT Airlines are contributing to the increase in unemployment, as they slash thousands of jobs to save money in the midst of higher fuel costs. Carriers plan to cut about 36,000 jobs by the end of the year, according to the Air Transport Association, a trade group for the largest U.S. airlines. http://www.ibtimes.com/articles/20080905/us-airlines-poised-to-shed-36-000-jobs.htm Fri, 05 Sep 2008 14:21:32 EDT The U.S. retail sector shed almost 20,000 jobs in August, marking the ninth consecutive month of job losses as companies closed stores and eliminated sales help in response to a sharp downturn in consumer spending and higher fuel costs. http://www.ibtimes.com/articles/20080905/retail-sector-loses-almost-20-000-jobs-in-august.htm Fri, 05 Sep 2008 13:59:21 EDT The chairman of British oil company BP PLC said Friday that global economic conditions will remain difficult for some time but will eventually recover due to growth in China and the rest of Asia. http://www.ibtimes.com/articles/20080905/bp-chairman-upbeat-on-long-term-economy.htm Fri, 05 Sep 2008 13:32:35 EDT The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. http://www.ibtimes.com/data/articleimgs/123749-economy.jpg http://www.ibtimes.com/articles/20080905/jobless-rate-jumps-to-5-year-high-of-6-1-percent.htm http://www.ibtimes.com/articles/20080905/jobless-rate-jumps-to-5-year-high-of-6-1-percent.htm Fri, 05 Sep 2008 14:33:26 EDT German industrial production fell 1.8 percent in July compartede with June, with the three main categories of output showing declines, the ministry of the economy said Friday. http://www.ibtimes.com/articles/20080905/german-industrial-production-fell-in-july.htm Fri, 05 Sep 2008 09:43:48 EDT JOBLESS CLAIMS JUMP: The number of people filing new claims for unemployment benefits rose 15,000 to 444,000 last week. Economists expected that number to drop. http://www.ibtimes.com/articles/20080904/summary-box-jobless-claims-jump-productivity-up.htm Thu, 04 Sep 2008 15:26:51 EDT Chilean officials say the economy grew by 6.2 percent in the 12 months ending in July and inflation hit 9.3 percent for the 12 months ending in August. http://www.ibtimes.com/articles/20080904/chile-gdp-up-6-2-percent-in-12-months.htm Thu, 04 Sep 2008 12:19:07 EDT The U.S. service sector grew unexpectedly in August for the first time in three months as new orders improved and inflation moderated, a private trade group said Thursday. http://www.ibtimes.com/articles/20080904/services-grow-on-increasing-orders-less-inflation.htm Thu, 04 Sep 2008 10:46:38 EDT Fashion--as any manufacturer or retailer will tell you--is an industry that's among the first to be affected by the economy's roller-coaster ride. Yet in this downturn, there are a record number of shows planned for New York Fashion Week, which starts Friday. http://www.ibtimes.com/articles/20080904/in-tough-economy-designers-slaves-to-fashion-week.htm Thu, 04 Sep 2008 09:49:17 EDT New industrial orders in Germany fell 1.7 percent in July compared to June, the government said Thursday. It was a drop that analysts said marked an eighth successive decrease, the most ever recorded. http://www.ibtimes.com/articles/20080904/german-industrial-orders-fall-in-july.htm Thu, 04 Sep 2008 08:34:15 EDT Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers. http://www.ibtimes.com/articles/20080904/jobless-claims-jumped-unexpectedly-last-week.htm Thu, 04 Sep 2008 16:27:38 EDT The head of the Federal Reserve Bank for New England told a business audience to expect slow growth for the rest of the year. Eric Rosengren said Wednesday the national credit crunch would have been worse if the Federal Reserve system had not cut interest rates and taken other steps to loosen credit this year. But he said the hoped-for reduction in interest rates for consumers and businesses has not happened. http://www.ibtimes.com/articles/20080903/boston-fed-chief-warns-of-slow-growth-ahead.htm Wed, 03 Sep 2008 15:22:41 EDT The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday. Higher prices for energy, food and other things are pinching people and businesses--reasons enough for the economy to be Americans' top concern heading into the presidential elections. http://www.ibtimes.com/articles/20080903/fed-slow-growth-still-high-prices-hit-economy.htm Wed, 03 Sep 2008 16:48:46 EDT The Mexican government estimates that growing drug-related violence in the country has slowed economic growth by as much as 1 percent. Treasury Secretary Agustin Carstens says the country's security woes increase business costs by about 5 to 10 percent. That hurts sales, job creation and development. http://www.ibtimes.com/articles/20080903/mexico-says-insecurity-slowing-economic-growth.htm Wed, 03 Sep 2008 13:04:50 EDT Orders to U.S. factories rose by a larger-than-expected amount in July as demand for commercial aircraft, heavy machinery and iron and steel all posted solid gains. http://www.ibtimes.com/data/articleimgs/121632-economy.jpg http://www.ibtimes.com/articles/20080903/factory-orders-see-wide-gains-led-by-aircraft.htm http://www.ibtimes.com/articles/20080903/factory-orders-see-wide-gains-led-by-aircraft.htm Wed, 03 Sep 2008 12:58:03 EDT The Environmental Protection Agency says another arm of the Bush administration may be low-balling the economic benefits of increasing fuel economy standards for cars and trucks. http://www.ibtimes.com/articles/20080903/epa-transportation-dept-off-base-on-fuel-estimate.htm Wed, 03 Sep 2008 08:35:08 EDT Falling exports and lower household spending caused a 0.2 percent second-quarter decline in the economy of the 15 nations that share the euro currency, European Union statistics showed Wednesday. http://www.ibtimes.com/articles/20080903/eu-euro-economy-shrinks-on-falling-exports.htm Wed, 03 Sep 2008 09:50:22 EDT Singapore's economy will likely grow 4.2 percent this year, less than previously expected, as slowing global consumer demand cuts the city-state's manufacturing exports, according to a survey of economists. http://www.ibtimes.com/articles/20080903/singapore-economy-to-grow-4-2-pct-survey-says.htm Wed, 03 Sep 2008 02:40:29 EDT The Environmental Protection Agency says another arm of the Bush administration may be low-balling the economic benefits of increasing fuel economy standards for cars and trucks. http://www.ibtimes.com/articles/20080902/epa-transportation-dept-off-base-on-fuel-estimate.htm Tue, 02 Sep 2008 18:24:28 EDT