Search Results for: jobless recovery
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Economic Outlook Improves, But Unemployment and a Possible Jobless Recovery Remain Wild Cards, Bernanke Warns
By Bob Blandeburgo
Associate Editor
Money Morning
The worst post-Depression economic decline seems to have slowed, but unemployment and the prospect of a jobless recovery remain a concern, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill yesterday (Tuesday).
“Better conditions in…
Japan Manufacturing Shows Signs of Recovery, but Economy Still Plagued by Unemployment
By Jason Simpkins
Managing Editor
Money Morning
Japanese factory production jumped significantly in April and inventories fell, an indication that the nation’s manufacturers are beginning to recover. However, soaring unemployment and slumping consumer spending have tempered optimism about Japan’s economy.
Factory output rose 5.2%…
U.S. GDP Contraction Slows, but the Road to Recovery Will Be Rocky
By Bob Blandeburgo
Associate Editor
Money Morning
While the many of the world’s economies continue to look for signs of growth, the U.S. economy took a big step in the right the direction in the second quarter.
U.S. gross domestic product (GDP) shrank 1%…
Hot Stats: The One Jobless Indicator That Hints at the End of the U.S. Recession
By William Patalon III
Executive Editor
Money Morning/The Money Map Report
The latest unemployment statistics show that the U.S. recession is winding down – or is over altogether.
If you had to read that sentence twice to make sure you read it correctly, don’t…
Will This Week's Earnings Reports Reflect a Recovery or a Relapse for the U.S. Economy?
Several key second-quarter earnings reports could either validate or undercut assertions that the U.S. economy is poised for recovery.
After the Commerce Department reported last week that retail sales fell 0.1% in July from June, and 8.3% year-over-year, retailers will stay…
Slow Economic Recovery will Lead to Record Deficits
The current recession will lead to large budget deficits that far exceed previous estimates and a doubling of the national debt, the White House’s Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) said yesterday (Tuesday).
The federal…
OECD: Global Economic Recovery to Start Sooner Than Expected, but Caution Remains
The worst global recession since World War II is ending faster than previously thought, but the recovery will still be a slow one, the Organization for Economic Cooperation and Development (OECD) said today (Thursday).
For the combined economy across the…
E*Trade Takes a Step Toward Recovery With Sale of Assets
Associate Editor
Beleaguered brokerage firm E*Trade Financial Corp. (ETFC) yesterday (Wednesday) announced the sale of $3 billion in mortgage-backed securities and municipal bonds, losing $5 million but bolstering its finances in the process, the company said in a statement.
The…
Midday Market Update: Markets Trend Lower on High Jobless Claims Before Afternoon Boost
By Jennifer Yousfi
Managing Editor
The U.S. markets reversed course in afternoon trading, heading higher as commodities producers rallied and tech stocks got a boost.
Early morning losses were due to the high number of initial jobless claims and talk of a U.S.…
Historic Second Quarter Start Sparks Hope of a Recovery
By Jennifer Yousfi
Managing Editor
The U.S. markets leaped into the second quarter with the strongest start since 1938, as a rally in financial stocks led all three major indices to post gains of more than 3% on the first trading day…
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