Fed Warns of Global Slowdown That Adds to U.S. Deflation Risk

Fed Warns of Global Slowdown That Adds to U.S. Deflation Risk

Layoffs Spread to More Sectors of the Economy

Layoffs Spread to More Sectors of the Economy

Economists: Recession getting worse

Economists: Recession getting worse

California jobless rate hits 9.3%

California jobless rate hits 9.3%

Bloody Monday, January 26, 2009: Over 71,400 jobs lost

Bloody Monday: Over 71,400 jobs lost

Consumer Confidence index sinks to all-time low in January

Consumer Confidence index sinks to all-time low in January

New jobless claims rise more than expected to 589K

Microsoft resorts to first layoffs in history.

Microsoft resorts to first layoffs, cutting 5,000

Chief Executive Steve Ballmer said during a conference call: "We're certainly in the midst of a once-in-a-lifetime set of economic conditions. The perspective I would bring is not one of recession. Rather, the economy is resetting to lower level of business and consumer spending based largely on the reduced leverage in economy."