Pandemic Recession Becomes 'Shecession' as More Working Moms are Forced to Quit Jobs
In The News
Pandemic Recession Becomes 'Shecession' as More Working Moms are Forced to Quit Jobs

As a social service provider, Colleen Zavodny knows how important it is to take care of her mental health, but the coronavirus pandemic has tested her like nothing else. "I've had a couple nasty, ugly cries where I wonder how am I... Read More

Trump’s 2020 Path Gets Trickier With Tag as ‘Recession’ President
2020 Elections
Trump’s 2020 Path Gets Trickier With Tag as ‘Recession’ President

President Donald Trump faces a new obstacle to his case for reelection: The U.S. is now officially in recession. The “recession” label made official Monday cements the pain many voters are already feeling from the economy — and will feed... Read More

Powell Warns US Recovery Could Stretch Through End of 2021
Economy
Powell Warns US Recovery Could Stretch Through End of 2021

The U.S. economy will recover from the coronavirus pandemic, but the process could stretch through until the end of next year and depend on the delivery of a vaccine, said Federal Reserve Chairman Jerome Powell. “Assuming there’s not a second... Read More

Jobless Rate Spikes to 14.7%, Highest Since Great Depression
Employment
Jobless Rate Spikes to 14.7%, Highest Since Great Depression

WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus... Read More

Retail Sales Plunge a Historic 8.7% After Pandemic Takes Hold
Economy
Retail Sales Plunge a Historic 8.7% After Pandemic Takes Hold
2020-04-15 14:42:12
by Dan McCue

WASHINGTON — Despite the widespread hoarding of toilet paper, hand sanitizer and other items that continue to leave many store shelves bare, U.S. retail sales plunged 8.7% in March, an unprecedented decline, the Commerce Department reported Wednesday. The deceleration of... Read More

IMF Says World Faces Prospect of Deep Recession In COVID-19's Wake
Economy
IMF Says World Faces Prospect of Deep Recession In COVID-19's Wake
2020-04-14 21:26:05
by Dan McCue

WASHINGTON - The global economy will likely experience the worst recession since the 1930s as governments around the world fight to end the coronavirus outbreak and restart their economies, the International Monetary Fund said Tuesday. The organization, which is headquartered... Read More

Coronavirus Recession Now Expected to be Deeper and Longer
Economy
Coronavirus Recession Now Expected to be Deeper and Longer

WASHINGTON — As projections of the coronavirus death toll soar, forecasts for the ensuing economic carnage have also quickly turned much darker – both for the depth and duration of the damage. Where only days ago, economists were following President... Read More

Recession is Coming; the Only Questions Now Are How Soon and How Deep?
Economy
Recession is Coming; the Only Questions Now Are How Soon and How Deep?

WASHINGTON — When the world’s largest economy begins to shut down — closing schools, sports arenas and entire categories of businesses, and sending millions of American workers home — it’s no longer a question of whether a recession may be... Read More

Economists See Growing Recession Risk as Coronavirus Spreads
Economy
Economists See Growing Recession Risk as Coronavirus Spreads

WASHINGTON — As the coronavirus outbreak enters a potentially dangerous new phase, with cases widening in Europe and expected to spread in the United States, economists have begun to raise their estimates for the risk of a global recession and... Read More

Survey: Recession Odds Diminishing for U.S. Economy, But Watch for a Slowdown
Economy
Survey: Recession Odds Diminishing for U.S. Economy, But Watch for a Slowdown

The nation’s top economists say a recession within the next year isn’t probable, but that doesn’t mean the U.S. economy will be worth bragging about. Experts polled for Bankrate’s Fourth-Quarter Economic Indicator survey estimate a 35 percent chance that the... Read More

Majority of CFOs See US Sliding Into Recession Before 2020 Election
Economy
Majority of CFOs See US Sliding Into Recession Before 2020 Election
2019-09-19 12:46:24
by Dan McCue

WASHINGTON - A majority of chief financial officers surveyed by Duke University believe the United States will be in an economic recession by the 2020 Election, despite continuing low unemployment. Fifty-three percent of the 225 CFOs participating in the latest... Read More

Unemployment Uptick May Signal State Recessions
State News
Unemployment Uptick May Signal State Recessions

National recession fears have intensified this month amid growing concerns about the U.S.-China trade war and the appearance of a normally reliable recession warning in the bond market that sent stocks tumbling. A significant spike in the national unemployment rate... Read More

Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says
Economy
Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says
2019-08-23 19:01:20
by HJ Mai

There are plenty of warning signs that the longest economic expansion in the history of the United States is coming to an end. While the signs indicate an impending recession, predicting the time of it is nearly impossible, Hoyt Bleakley,... Read More

Trump May Try To Bolster Economy With Payroll Tax Cut
Economy
Trump May Try To Bolster Economy With Payroll Tax Cut
2019-08-20 20:43:58
by Dan McCue

WASHINGTON - President Donald Trump said Tuesday that his administration is considering a temporary payroll tax cut as a way to bolster the U.S. economy though he continues to insist the nation is not inching toward a recession. "I’ve been... Read More

Nearly Three-Out-Of-Four Economists Believe US Will Be In Recession by 2021, Survey Finds
Economy
Nearly Three-Out-Of-Four Economists Believe US Will Be In Recession by 2021, Survey Finds
2019-08-20 18:41:16
by Dan McCue

WASHINGTON — Seventy-four percent of U.S. business economists participating in a new survey believe the United States will slip into a recession by the end of 2021, despite the White House's insistence that the "fundamentals" of the economy remain strong.... Read More

As Recession Fears Grow, Trump Delays Tariffs On Some Chinese Goods
Economy
As Recession Fears Grow, Trump Delays Tariffs On Some Chinese Goods
2019-08-13 22:53:29
by Dan McCue

WASHINGTON -- After days of growing indications the U.S. may lapse into a recession before the 2020 election, the Trump administration announced Tuesday that it is delaying some of the additional tariffs it planned to impose on Chinese goods on... Read More

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