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Economy News

Like New Deal, Stimulus Should Create Jobs Directly

Much of the stimulus spending has given a priority to gross domestic product, but government spending alone does little good if it isn’t creating jobs.

What They’re Not Telling You About the Deficit

The deficit is alarming, but cutting spending on relief and recovery efforts now would worsen the economic slowdown and the suffering of millions of Americans.

Four Deformations of the Apocalypse

How my Republican Party destroyed the American economy.

GDP Growth Slowed To 2.4% In 2nd Qtr; Shoppers Cautious

Economic growth cooled in the spring as consumers lagged, the Commerce Department said Friday, reinforcing views that unem ployment could stay high for years. GDP rose at an annualized 2.4% in Q2, just under views. Q1's gain was revised up to 3.7%. The recession was even worse than previ ously estimated, revisions showed. "This was the inevitable slowdown that we were poised to see in the economy,...

With Recovery Slowing, the Jobs Outlook Fades

With growth at an annual rate of 2.4 percent in the second quarter and the stimulus fading, an analyst says the rest of the year will feel like a recession.

A Sin and a Shame

So long as American corporations keep squeezing their work forces, there can be no real economic recovery.

Wall Street Settles Down After Taking In G.D.P. Report

Investors were particularly fretful about the G.D.P. report because it comes at the end of a run of worse than expected economic data and a warning from the Fed.

Dogged by a Slowdown, Obama Lauds Car Revival

The president emphasized that G.M. and Chrysler had returned to profitability and added jobs since the government came to their rescue over a year ago.

Within Fed, Subtle Shift Toward Deflation Concerns

A Fed member warned that the agency’s current policies put the United States economy at risk of “Japanese-style” deflation.

The Growth Imperative

Now that we’re in the decade of the nasty crawl, what political approach is best for getting us out of it?

Economists Expect Slower Growth in 2nd Half

Economists are tempering their outlook ahead of a report on Friday on the nation’s output in the second quarter.

Weekly Jobless Claims in U.S. Decline

The unemployment filings fell slightly more than expected last week, offering some hope for the anemic labor market recovery.

In Midterm Elections, Afghan War Barely Surfaces

A leak of classified military reports does not change the fact that voters remain more concerned about the economy and jobs.

Fiscal Reform Hinges on Next Steps, I.M.F. Says

The effectiveness of the Wall Street reform act will rely heavily on execution, the I.M.F. said.

A Drop in Durable Goods Orders Sends Shares Lower

Two reports that showed the recovery was slowing sent shares moderately lower on Wednesday.

Fed’s Regional Report Shows Sluggish Growth

The pace of economic activity has slowed or held steady in parts of the country, the Fed report said.

New-Home Demand Soared 24% In June From Record Lows

New-home sales surged nearly 24% in June from a record low, the Commerce Department said Monday, offering hope that housing has found some sort of floor. Sales jumped 23.6% to an annual rate of 330,000, beating analyst views for 310,000. Sales were still 16.7% below year-earlier levels. Also, May sales were revised down sharply from 300,000 to 267,000. That's the lowest since records began in 1963...


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