Now that the Great Recession appears over, the economy looks to be entering a Rocky Recovery, in which much of the nation will continue to struggle well into 2010.
The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties found the economy little changed in October compared with September. Some states saw [...]
Posts Tagged ‘unemployment’
AP analysis: US economy entering sluggish recovery
December 7th, 2009 by Financial Writer
Tags: economy recovery, great recession, real estate, unemployment, us economy
more...U.S. job data gives boost to recovery hopes.
December 4th, 2009 by Financial Writer
U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.
The economy shed only 11,000 jobs in November, well below the 130,000 loss financial markets had braced for, while [...]
Tags: economic recovery, recession, recovery hopes, unemployment, us employers, us job
Group: Chinese overinvestment could strain trade
November 26th, 2009 by Financial Writer
China’s stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand, possibly igniting a protectionist backlash abroad, a European business group warned Thursday.
Industries including steel, cement and plastics are “still blindly expanding” despite the worst global slump since the 1930s, the European Union Chamber [...]
Tags: business groups, chinese leaders, european business, group chinese, unemployment
Stocks rise after slew of economic reports
November 25th, 2009 by Financial Writer
Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.
Trading volume was thin ahead of the Thanksgiving holiday. Light volume can exacerbate swings in the market.
The Labor Department said new claims for unemployment insurance fell by 35,000 last [...]
Tags: home sales, investors, stocks, thanksgiving holiday, unemployment
World Bank warns unemployment threatens US economy
November 11th, 2009 by Financial Writer
Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday.
Zoellick warned that the U.S. unemployment rate, which jumped to a 26-year high of 10.2 percent in October, will likely remain elevated in 2010.
“You’re going to [...]
Tags: business investment, loans, mortgages, recession, unemployment, us economy, world bank
U.S. consumer sentiment dips in Oct: survey
October 30th, 2009 by Financial Writer
U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.
The Reuters/University of Michigan Surveys of Consumers said its final index of sentiment for October slipped to 70.6 from 73.5 in September.
In spite of the decline, sentiment remained well above where it was [...]
Tags: Debt, finances, inflation, unemployment
Economy grows in 3Q, signals end of recession
October 29th, 2009 by Financial Writer
The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The Commerce Department’s report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has [...]
Tags: businesses, consumers, economy, recession, unemployment
Stocks trade mixed on uneven profit, economic data
October 22nd, 2009 by Financial Writer
Stocks zigzagged Thursday as investors sorted through a disappointing reading on the job market and a pile of uneven earnings reports.
The modest moves came after a late-day slide pushed major indexes lower on Wednesday. Lingering concerns over whether investors had been too optimistic about an economic rebound fed into the drop. Overseas markets fell as [...]
Tags: economic, economists, economy, investors, unemployment
Dollar falls to 14-month euro low
October 15th, 2009 by Financial Writer
The dollar hit a 14-month low against the euro Thursday on fears that US interest rates would remain super-low for a long time and as a stock market rally sparked appetite for riskier assets, traders said.
At 0615 GMT, the European single currency reached 1.4968 dollars, the highest level since August 2008. The euro later pulled [...]
Tags: borrowing costs, dollar, investors, recession, unemployment
Investors brace for a rocky ride
October 5th, 2009 by Financial Writer
The stock advance has hit some resistance in the last two weeks and it’s only going to get tougher as the third quarter reporting period gets underway.
Since hitting rally highs nearly two weeks ago, the broad S&P 500 index has lost 4.3% as investors have sorted through a spate of manufacturing, consumer and jobs reports [...]
Tags: employers, investors, monetary, recession, unemployment
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