Economic Recovery | featured news

Unemployment will top out this month at 12.7%, but the recovery will take years, UCLA economists say.

California's jobless rate is close to peaking, but the recovery will be sluggish, with employers not expected to resume hiring until at least next spring, according to new forecasts by UCLA and other analysts.

U.S. job losses slowed sharply in November and the unemployment rate unexpectedly declined, in a sign the labor market is finally starting to heal.

Data, coupled with new information on jobless claims, provides a bit of hope for the economy.

Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.

As global trade recovers, expect a return to pre-crisis current account dynamics.

Growing discontent over the economy, recovery efforts turn into a wave of criticism and outright anger directed at the administration.

The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday.

The euro region finally sees some modest growth, as Spain and Ireland straggle behind.

Signs that manufacturing in the United States was on a path to recovery sent stocks upward on the first trading day after one of the steepest plunges in months.

President Barack Obama said Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show "we are moving in the right direction."