Labor Day has become a time for end-of-summer sales and barbecues, but it really is intended as a way of honoring workers. With that in mind, Nancy Marshall Genzer looks at how the American worker is doing.
Airlines are already reeling from losses, and travel by air traditionally dwindles after Labor Day. John Dimsdale reports that the industry is now bracing for the biggest wave of cutbacks since Sept. 11, 2001.
U.S. companies are increasingly relying on China and other booming economies to grow, with some companies seeing increased earnings only because of their sales abroad. Nancy Marshall Genzer asks how long this will last.
The American auto industry's economic woes have spread to England. Toyota will be the first major car maker in that country to scale back output. As Stephen Beard reports, it's a sign the slowing European economy is taking its toll.
What's all this talk about a recession? The government today said gross domestic product, which measures the economy's overall output, rose 3.3 percent in the quarter that ended in June. John Dimsdale asks if it will last.
If you go strictly by the numbers, the economy's 3.3% growth in the second quarter looks great. It beats the historical record by just a bit. But before you get excited, listen to John Dimsdale's report on why the momentum might not last.