Unemployment holds steady in Northwest Indiana but Lake again leads state in joblessness
The Times of Northwest Indiana· 2 days agoUnemployment rose across Northwest Indiana in August as Lake County continued to have the highest employment rate statewide.
Washington and Wall Street economists are in rare unison on the economy’s prospects. That could...
Politico via Yahoo News· 2 days agoA shutdown would likely cast a cloud over consumer sentiment, which has remained chilly since Covid. And business owners increasingly expect conditions to deteriorate.
Opinion | The real problem with ‘Bidenomics’
Washington Post· 2 weeks agoDespite ultralow unemployment, moderating inflation and (so far) no signs of a much-anticipated recession, Americans are down on the economy and...
Analysis | Why Are Consumers Still So Gloomy? Blame Covid.
Washington Post· 1 week agoAmericans are downbeat about the economy, even as inflation rates rapidly decline back toward more...
Americans hate the economy because pay hasn't kept up with inflation — and it could stay that way...
Business Insider· 2 weeks agoBankrate projects Americans' wages won't catch up to the price hikes of the past few years until 2024.
Here are 6 key economic signals for markets to follow as the Fed gets ready to make its next policy...
Business Insider via Yahoo Finance· 4 days agoThat reading is about a 3% decline from the 69.5 recorded in August, though it's up 15.5%...
'Can't be understated': Suppliers, dealers brace for impact of a UAW strike at automakers
Detroit News· 1 week agoAuto industry stakeholders are bracing for a potentially unprecedented strike by United Auto Workers...
Buffalo-area UAW workers ready to strike if called
The Buffalo News· 3 days agoLocal auto workers are in a holding pattern. About 3,000 United Auto Workers members at three plants in the Buffalo Niagara region are waiting to learn if they will be called to walk out. On ...
'Triple threat': Auto strike joins a messy season for Biden's economy
Politico via Yahoo News· 1 week agoThe thicker the spill, the harder it is for Biden. The UAW is a powerful political force in Michigan...
UAW strike continues Friday; GM CEO says she hopes for quick resolution
The Kansas City Star· 1 week agoThe UAW walkouts involve more than 12,900 workers total, split between Ford Motor Co.'s Bronco plant in Wayne, Michigan, Stellantis NV's Jeep Wrangler plant in Toledo, Ohio ...
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Recession in the United StatesMacroeconomic principle
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a... wikipedia.org
- The official metrics used to determine a recession include negative gross domestic product (GDP), increased unemployment, a decline in retail sales, a slowdown in manufacturing, and diminishing income. When a nation’s economy begins to experience these events simultaneously over an extended period of time, there’s a good chance it’s in a recession.
- The National Bureau of Economic Research (NBER) is usually considered the authority determining when US recessions officially start and end.
- :
- Economic shock
- Rapid inflation
- Excessive debt
- Asset bubbles
- Rapid deflation
- Technological change
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Recent recesions
- 2007-2009
- 1990-1991
- 1981-1982
source: wikipedia.org, valuethemarkets.com, forbes.com
