Teen jobs are hard to find as they compete with laid-off adults and fewer public-sector jobs. Some cities are raising cash to fund summer jobs.
Tightening belts this way costs businesses and government less than layoffs. But it’s tough on families.
Retail sales plunge a record 2.8 percent in October, suggesting a dismal outlook for holiday spending.
As the summer driving season gets under way on Memorial Day weekend, hotels, retailers, and even churches are running promotions to help consumers with high gasoline prices.
Unable to sell, a growing number of homeowners are simply pulling homes from market.