Wednesday, March 5, 2008

Service sector slump wears on; Fed sounds grim (Reuters)



A sign at a landscape supply company advertises available jobs in Arvada, Colorado October 5, 2007. U.S. private employment fell unexpectedly for the first time in nearly five years in February, according to a private report on Wednesday that dealt another blow to an economy teetering on the brink of recession. (Rick Wilking/Reuters)Reuters - The slumping U.S. service sector and a
weakening job market dealt further blows on Wednesday to an
economy teetering on the brink of recession, while bad news
continued unabated on the inflation front.




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