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economic news

NEW YORK (CNNMoney) — The Occupy movement is organizing a nationwide protest on Tuesday, asking Americans not to attend work or school on a day that’s already a progressive holiday overseas.

In what Occupy organizers are calling “a day without the 99%,” protesters are planning to participate in a “general strike” on Tuesday: no work, no shopping, no banking.

Read more at CNNMoney.

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The Lancaster County unemployment rate increased in July for the third straight month, hitting 6.9 percent, the state said Monday. By rising from June’s 6.7 percent, the jobless rate hit its highest mark since December, erasing months of progress in the process. The new pattern has deflated the hope that unemployment here would slowly but steadily retreat as the economy strengthened.

Read more at LancasterOnline.com

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Global investors have lost confidence in the economic recovery — and for good reason.

The United States job market has still not fully recovered its losses from the Great Recession. Europe’s debt crisis rages on with no end in sight. Japan is still struggling to overcome its March earthquake. And rapid growth in booming China is even starting to gradually slow down.

http://money.cnn.com/2011/08/09/news/international/world_economy/index.htm?iid=HP_LN

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