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US Sees Worst Decline in Jobs Since 2003

Payrolls dropped by 63,000; recession fears intensify

(Newser) - The US lost 63,000 jobs in February, the second straight month payrolls contracted and the worst drop since 2003, catching economists off guard and fanning fears of recession anew, Bloomberg reports. Economists hoped the economy would add 23,000 jobs after declining a modest 17,000 in January, when...

Dow Flat, Awaiting Jobs Stats
Dow Flat, Awaiting Jobs Stats

Dow Flat, Awaiting Jobs Stats

Next Fed move may follow from Friday’s report

(Newser) - The stock market held steady today, as neither a drop in factory orders nor a rise in unemployment claims rattled investors bracing for tomorrow’s crucial jobs report—which could help spur the Fed’s next interest rate move. The Dow was up 6.26 points to 13,974.31,...

Child Slavery Scandal Blows Up in China

Kids kidnapped, sent to work in brick kilns rescued in giant crackdown

(Newser) - A child labor scandal is rocking rural China as information surfaces on kidnapped children forced to work as slaves in the country's brick factories. In crackdowns this week, nearly 50,000 police in two Chinese provinces have rescued 550 people, including dozens of the thousands of children believed to be...

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