Falling Job Growth, Stalling Wages Bode Ill for Shopping
The Washington Times › December 06, 2004
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Summary
Job growth fell to 112,000 while wage gains stalled last month, dashing hopes on Wall Street for a robust Christmas shopping season.
The slowdown in job growth reported by the Labor Department yesterday, coming after October's hefty 307,000-job gain, caused stocks to stumble and the dollar to tumble to new lows against the euro, yen, pound and other currencies. The unemployment rate slipped 0.1 percentage point to 5.4 percent.See the full content of this document
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Falling Job Growth, Stalling Wages Bode Ill for Shopping
Oil prices continued to collapse yesterday, in what economists say is the best hope for reviving healthier growth. But the 24 percent drop in premium crude prices in New York markets in the past month to $42.54 has not filtere...
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