100 WVIA Way
Pittston, PA 18640

Phone: 570-826-6144
Fax: 570-655-1180

Copyright © 2025 WVIA, all rights reserved. WVIA is a 501(c)(3) not-for-profit organization.
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Poor Payroll, GDP Reports Add to Recession Fears

NPR | By Adam Davidson,
Robert Siegel
Published February 1, 2008 at 4:00 PM EST

January jobless numbers did nothing to improve the nation's economic outlook. Business payrolls fell by 17,000 last month. That's the first time payrolls have gone negative in 4.5 years.

Recession fears were already mounting because of another report this week that came in weaker than expected: The nation's gross domestic product expanded at an annual rate of only 0.6 percent, according to the Commerce Department.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Business
Adam Davidson
Adam Davidson is a contributor to Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.
Robert Siegel
Prior to his retirement, Robert Siegel was the senior host of NPR's award-winning evening newsmagazine All Things Considered. With 40 years of experience working in radio news, Siegel hosted the country's most-listened-to, afternoon-drive-time news radio program and reported on stories and happenings all over the globe, and reported from a variety of locations across Europe, the Middle East, North Africa, and Asia. He signed off in his final broadcast of All Things Considered on January 5, 2018.