Great Recession | featured news

Where US economy has, and hasn't, yet recovered

Housing Market - AP

From household wealth to spending at stores, many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession. Home foreclosures and layoffs have dropped to pre-recession levels.


US household wealth regains pre-recession peak

It took 5½ years. Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession.


Great Recession erased nearly 40% of family wealth

The Great Recession

The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s.


Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report

Technically, the economy has been in recovery for two years. But it turns out the rich have been doing most of the recovering. In 2010 -- the first full year since the end of the Great Recession -- virtually all of the income growth in America took place among the country's very wealthiest people, says an economist at the University of California, Berkeley. The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.


US auto industry to post another good sales year

Auto Sales

After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth - the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession....


Analysis: Recession II? Probably not, staffing execs say

A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for temporary workers, a leading indicator of both upturns and downturns, remains steady, staffing industry executives say.


California's unemployment rate dips to 11.9% as state adds 8,900 jobs

California's unemployment rate ticked down to 11.9% in April after the state added 8,900 jobs, a relatively small number in a state still suffering from the Great Recession.


Obama answers skeptics after recession is declared officially over

On the day that the Great Recession was officially declared to be part of history, President Obama confronted deepening angst from business leaders and ordinary Americans who have little faith that the recovery is for real.


Jobless benefits ending

Depending on extended unemployment benefits to see you through the Great Recession?


Recession Drives Women Back to the Work Force

Recession Drives Women Back to the Work Force

The Great Recession is pushing many highly educated women who had left work to stay at home with their children to dive back into the labor pool.


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