S. China said that European demand for its manufactured goods is declining one more sign of a slowdown in the world's second-biggest economy. A U.S. government report indicated that wholesalers are restocking shelves at a slower pace. That will likely hurt first-quarter economic growth. After months of focusing on the West's nuclear dispute with Iran, oil traders are more worried about the impact of high oil prices on the economy, analysts say. The concern appears warranted. Small business owners in the U.S. said in a survey released Tuesday that they're increasingly worried about high fuel prices. This all follows last week's disappointing U.S. jobs news. The government said that employers added only 120,000 jobs in March half as much as the previous three months. Oil is now the closest it's been to $100 since Feb. 13. The price has dropped $6 per barrel, or 5.6 percent, in the last two weeks. " The air is slowly being leaked out of this bubble that's grown over the past few months" in oil prices, independent trader and analyst Stephen Schork said. Natural gas is also closing in on an important level: $2. The futures price dropped 7.6 cents to $2.031 per 1,000 cubic feet. A drop below $2 would be the first in more than 10 years. The price has tumbled 32 percent this year because of a production boom that's kept the nation's stockpiles well above normal levels. Retail gasoline prices fell less than a penny overnight to a national average of $3.922 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. In other energy trading, heating oil gave up 5.02 cents to $3.096 per gallon and gasoline futures lost 4.71 cents to $3.2496 per gallon. ___ Follow Chris Kahn on Twitter at http://twitter.com/ChrisKahnAP Copyright 2012 The Associated Press. All rights reserved, http://www.cheaptomsshoessalei.com - cheap toms . This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity, http://www.tomsoutletsalecheap.com - toms outlet . For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By CHRISTOPHER S. RUGABER, Associated Press WASHINGTON (AP) Employers posted slightly more job openings in February, suggesting that modest hiring gains will continue in coming months. The Labor Department said Tuesday that employers advertised 3.5 million job openings in February. That's up from a revised 3.48 million in January but still below the three-year high of 3.54 million in December. The fact that job openings remained steady in February suggests that the disappointing March jobs report issued last week could be a temporary bump. It usually takes one to three months for employers to fill openings, http://www.cheaptomsshoessalei.com - cheaptomsshoessalei.com . Employers added 120,000 jobs in March half the average from the previous three months. The unemployment rate fell from 8.3 percent to 8.2 percent in March, though that was mostly because people gave up looking for work. People who are out of work but not looking for jobs aren't counted among the unemployed. Many economi
Related articles:
- http://www.jkbbs.cn/plus/view.php?aid=181909 - toms shoes sale By BARBARA ORTUTAY
- http://www.peanutu.hk/home.php?mod=space&uid=58052&do=blog&id=984895 - toms shoes hopefully
- http://www.ejabuy.com/bbs/forum.php?mod=viewthread&tid=1792654 - cheaptomsshoessalei.com ed along the East Coast and in Texas
|