Articles About Unemployment Rate

The long recession has dramatically impacted the lives of all Americans, according to demographic data released by the U.S. Census Bureau.  Commutes are lengthier; people are not moving; immigration is down; and couples are delaying marriage.  The annual American Community Survey report, based on information gleaned from three million households, highlights how deeply the recession […]

On the first anniversary of the collapse of Lehman Brothers and the onset of the global financial crisis,  President Barack Obama used a Wall Street speech to call for stringent new regulation of United States markets.  After Lehman’s collapse, the American government infused billions of dollars into the financial system and took major stakes in […]

Finally, there’s encouraging news on the economic front.  The economy declined just one percent during the second quarter of 2009, a rosier report than was expected.  It is the strongest signal so far that the longest recession since the end of World War II is easing its grip. In a report issued by the Department […]

The economic forecast for 2009 is bleak, although it’s possible that recovery will begin mid-year. This is the opinion of William Strauss and Rick Mattoon, senior economists with the Federal Reserve Bank of Chicago. “We are predicting that 2008 will yield real GDP of 0.2 percent and that 2009 will be 0.7 percent,” Strauss said. […]

Consumer confidence fell to an all-time low in December, despite the fact it was in the midst of the annual Christmas-shopping frenzy.  The reasons for this new low include deepening job insecurity, fast-deteriorating housing markets, and declining asset values. According to the Conference Board, the Consumer Confidence Index fell to 38 in December, compared with the […]

Contrary to the recent grim news about home foreclosures, bank failures, the credit crunch, rising unemployment rates, soaring oil prices, inflation and stock-market jitters, the United States’ economy — surprisingly — grew by 3.3 percent during the second quarter of 2008. The economy grew at its fastest pace in nearly a year, thanks primarily to […]