Economy

Economy

U.S. Recession Began In February, National Bureau Of Economic Research Says

6:44am June 09, 2020

NPR's Rachel Martin talks to David Wessel, director of the Hutchins Center at the Brookings Institution, about the U.S. being in a recession, and how long it's expected to last.

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Economists Announce The U.S. Economy Is Officially In A Recession

6:01pm June 08, 2020

by Scott Horsley

The National Bureau of Economic Research has announced Monday the U.S. economy is officially in a recession. Economists said the recession is unusual, but they hope it could end quickly.

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Boxes of food are loaded on vehicles last month at the Los Angeles Regional Food Bank. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.

It's Official: U.S. Economy Is In A Recession

2:32pm June 08, 2020

by Scott Horsley

The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.

A man copies phone numbers posted on the locked doors of a Georgia Department of Labor office in in Norcross, Ga. Millennials are facing the second — or even third — economic downturn of their adult lives.

Economy

Here We Go Again: Millennials Are Staring At Yet Another Recession

1:49pm June 08, 2020

by Danielle Kurtzleben

The coronavirus recession is the second — or even third — economic downturn of millennials' adult lives. That could mean reduced wages for life.

Seasonal agricultural workers plant peanuts next to wheat fields in China's Henan province. With tens of millions of urban and factory jobs lost, many of the newly unemployed have returned to their rural villages.

With China's Economy Battered By Pandemic, Millions Return To The Land For Work

11:47am June 08, 2020

Measures to mitigate the coronavirus pandemic have devastated China's economy, shutting factories and urban jobs that millions of migrant workers depend upon. Many now seek jobs in their villages.

Amid Pandemic And Protests, American Businesses Grapple With The Future

8:01am June 06, 2020

by Alina Selyukh

After a devastating pandemic, skyrocketing unemployment, and civil unrest against police brutality, America's businesses wonder: where to go from here?

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What New Jobs Report May Tell About The State Of The U.S. Economy

5:05pm June 05, 2020

NPR's Sarah McCammon talks with Elisa Gould, a senior economist at the Economic Policy Institute, about the latest monthly jobs report published Friday.

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Economy

New Job Report Shows Signs Of Improving Economy

4:48pm June 05, 2020

by Scott Horsley

A monthly job report published Friday has shown signs of strength in the labor market. Unemployment has declined and employers have created millions of new jobs in May.

A man walks by a CVS Pharmacy in San Francisco on May 7. U.S. employers unexpectedly added jobs last month as the unemployment rate fell.

May Surprise: U.S. Adds 2.5 Million Jobs As Unemployment Dips To 13.3%

4:47pm June 05, 2020

by Scott Horsley

U.S. employers unexpectedly added jobs last month as the unemployment rate declined, signs that people are returning to work as states reopen their economies. President Trump celebrated the news.

President Trump says a strong economy is his solution to racial injustice in America.

Trump Says Strong Economy Will Bring Racial Justice

4:42pm June 05, 2020

by Brian Naylor

The president intimates that George Floyd, killed by police, would be happy with the lower than expected unemployment rate.