Euro zone falls into second recession since 2009

[tailfins]

Euro zone falls into second recession since 2009

The French and German economies both managed 0.2 percent growth in the July-to-September period but their resilience could not save the 17-nation bloc from contraction as the likes of The Netherlands, Spain, Italy (http://www.reuters.com/places/italy) and Austria shrank.

http://www.reuters.com/article/2012/11/15/us-eurozone-economy-idUSBRE8AE0HV20121115

[Kathianne]

Euro zone falls into second recession since 2009




http://www.reuters.com/article/2012/11/15/us-eurozone-economy-idUSBRE8AE0HV20121115

We're right behind them. http://online.wsj.com/article/SB10001424127887324556304578120741110981574.html

Right now, blaming Sandy, we'll see:


...People seeking unemployment benefits increased by 78,000 to a seasonally adjusted 439,000 in the week ended Nov. 10, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires expected 375,000 new applications for jobless benefits.


A Labor Department analyst said the storm was the cause of the increase because people were without work after schools were closed, factories were flooded and construction sites were stalled. The Labor Department will have more details next week about which sectors were most affected, the analyst said. State-level data are reported with a one week lag...