Recession

Depression

Unemployment

Here's What The Double Dip Recession Will Look Like In 2011
A Gallup poll taken last month showed that confidence in the economy has fallen to its lowest level since March 2009, which was near the low point of The Great Recession. A growing and vocal minority of economists believe that there will be a double-dip recession primarily because of the intransigence of high unemployment and the rapidly faltering housing market... read more

Number of poor hit record 46 million in 2010
The number of Americans living below the poverty line rose to a record 46 million last year, the government said on Tuesday, underscoring the challenges facing President Barack Obama and Congress as they try to tackle high unemployment and a moribund economy... read more

America's most Recession-proof cities
These 21 large metro areas were singled out by Brookings for keeping their labor and housing markets stable and posting robust economic activity during the past few years. In fact, all but five of the 21 leading cities have economic output levels that top records set just prior to the recession... read more

Is the Fed out of bullets?
Economists are more nervous about the chances of another recession. And one of biggest fears is that the Federal Reserve may have run out of bullets to fight another downturn... read more

Recessionopoly

Recession Archives

We're In The Worst Depression Since The Great Depression
Rob Arnott says we're in the worst depression since the Great Depression and the Fed may be making things worse... read more

Why Consumers Are So Depressed About The US Economy
Recent polls have shown a marked deterioration in economic sentiment, and there's a big worry that this will create a self-fulfilling prophecy. Why are consumers so depressed? ... read more

Job gloom at all-time high
More Americans than ever before feel they have no hope of finding a job. A record 1.21 million people want to work, but said they aren't looking because of the weak labor market, according to federal statistics released Friday. The June figure is up from 793,000 a year ago... read more

Recession Adds to Ranks of Americans With Depression
Unemployed Americans are four times more likely than those with jobs to report symptoms of severe mental illness, such as major depression, according to a new national survey that reveals the mental health toll of the recession... read more

Study Shows Psychological Impact of Unemployment
A new Rutgers study reveals the impact of unemployment on the individual, including depression, anxiety, and strained relationships... read more

Job insecurity is far worse for your health than unemployment
Simply worrying about losing your job can cost you your health, a new investigation of data from two long-term studies finds... read more

Scene from The Great Depression

Depression Archives

Obama Stuck with High Unemployment
The president’s job creation plan is up against some tough numbers... read more

Mayor Bloomberg predicts riots in the streets if economy doesn't create more jobs
Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn't get serious about generating jobs... read more

Jobless Claims, Inflation Rise, Manufacturing Gets Weaker
Applications for unemployment benefits continued to rise in the past week, while inflation pushed higher and a key manufacturing index weakened... read more

Obama's jobs plan may top $400 billion
On Wednesday, CBS News learned that the president's jobs and growth package now could top $400 billion. That's a big number, and CBS News correspondent Norah O'Donnell reports that the size of this plan has grown over recent days... read more

Obama to propose $300 billion to jump-start jobs
The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again... read more

7.9 million jobs lost - many forever
The recession killed off 7.9 million jobs. It's increasingly likely that many will never come back. The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle... read more

Not Hiring

Unemployment Archives