Archive for the ‘payrolls’ Category

Bush sees serious signs U.S. economy is weakening

February 1, 2008

By Tabassum Zakaria
Reuters
Friday, February 1, 2008

KANSAS CITY, Missouri (Reuters) – President George W. Bush on Friday said there were troubling signs of economic weakening and urged Congress to move on a stimulus package to help prop up the economy, which has been hit by a housing slump and credit crisis.

U.S. President George W. Bush talks about the economy after ...
U.S. President George W. Bush talks about the economy after touring Hallmark Card headquarters and visitors’ center in Kansas City February 1, 2008.
REUTERS/Larry Downing (UNITED STATES)

Bush’s comments mirrored his efforts in his State of the Union address on Monday to calm Americans’ recession fears and came on the heels of a government report earlier on Friday showing U.S. employers cut payrolls for the first time in 4-1/2 years in January.

“There are certainly some troubling signs, serious signs that the economy is weakening and we’ve got to do something about it,” Bush told employees at Hallmark Cards Inc. in Kansas City, Missouri.

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/01/AR2008020101618.html?wpisrc=rss_politics/administration

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