Tag Archives: decline

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

A big decline in markets could hit global economy

A shock to market confidence -an end to irrational exuberance -could lead to sharp price falls. There is a “significant possibility” of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house OxfordBSE 4.88 % Economics. Writing on Tuesday, Oxford’s global head of macro research GabrielBSE 2.53 % Sterne argued that a 10 ... Read More »

Oil’s decline creating a listless market, says traders

Oil has exerted its pull over the last week of trading, creating a listless market in the wake of its decline, traders told CNBC on Tuesday. “Every time they go above those production levels they’re going to say that it was for in house, basically, storage,” Steve Grasso, director of institutional sales at Stuart Frankel, said in an interview with ... Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales were down ... Read More »