Recession | featured news

An acceleration in the pace of U.S. economic growth in the second half of this year is expected to ebb as 2012 gets underway, although the odds of another recession have receded to one-in-four, a Reuters poll showed on Wednesday.

The economy grew at an annual rate of 2.5% in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate.

Stocks got a lift Friday by news that the US economy generated more jobs than anticipated over the past three months, reinforcing hopes that the world's largest economy will not be sliding back into recession. The Labor Department reported that the U.S. added 103,000 jobs in September. That was above expectations for a 60,000 increase. It also revised up the previous two months' figures to show around 90,000 more jobs were created than previously thought.

The United States and China piled pressure on Europe on Saturday to get to grips with its debt crisis before it risks causing bank runs and pushing the global economy into ruinous recession.

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.

Call it the recession's lost generation. In record numbers, they're struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they're becoming parents at all. The unemployment rate for them is the highest since World War II, and they risk living in poverty more than others - nearly 1 in 5.

A new study looks at child abuse cases before, during and after the economy's 2007 crash, and found that abusive head injuries increased dramatically after the financial meltdown.

Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road blocks that could derail already weak growth, a Reuters poll showed on Wednesday.

Crude-oil futures continued Friday's slide on growing fears that the U.S. is heading back into recession.

One of my favorite movies is “Failure to Launch.” Not because it’s great cinema; I just like the premise.
It’s about a 35-year-old, played by Matthew McConaughey, who lives at home and has no intentions of leaving. So his parents hire a woman who specializes in getting grown men to leave the nest. There’s much more to the story, of course, but the takeaway message for me is that parents need to help their adult children launch into adulthood. Unfortunately, there are many parents who fail at this task.