Recession | featured news

Despite soaring poverty and unemployment, California and Los Angeles County have fared better on many indicators during the recession than the nation as a whole, according to a report released Tuesday by USC.

The maternity business has experienced a recession, too, it appears. Births fell 4% from 2007 to 2009, the biggest drop for any two-year period since the mid-1970s, according to federal government data released Thursday.

Thailand's economy emerges from recession after a pick up in exports, government figures show.

Layoffs are down, and at pre-recession levels, but hiring remains slow, Labor Department data showed.

Total funds collected for U.S. child-support programs failed to increase during fiscal year 2009 for the first time since Congress created an enforcement arm for such collections in 1975, according to a study released this week by the Government Accountability Office.

Life expectancy in the United States fell in 2008, the first full year of a grueling recession that saw mixed effects, both good and bad, on the nation’s health, according to new government data.

Recession-battered cities are moving beyond cutting or delaying major projects to close budget gaps and are slashing quality-of-life functions, ...

Where can you go to escape the recession? Try any of these 10 places. Oh, and be prepared to wear red.

Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two things. In New York, socialites do the unthinkable: They wear the same ball gown twice.

The gross domestic product number came in at a rather soft 2% growth, up slightly from last quarter’s 1.7%. From the standpoint of creating new jobs, 2% just doesn’t cut it. We need about 100,000 to 125,000 new jobs a month just to keep up with population growth and a 2% GDP will not give us half that, as we saw last quarter. Most economists say you need about 3.5% GDP growth to get solid job reports.