Late-2000s recession

Recession, tech cost middle class Americans their jobs

Recession, tech cost middle class Americans their jobs

Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over. And the situation is even worse than it appears. Most of the jobs will never return, and millions more are likely to vanish as well, say experts who […]

A sour end to 2012: Will 2013 be better?

A sour end to 2012: Will 2013 be better?

Many Americans seem to be in a sour mood as 2013 begins, after Hurricane Sandy ravaged parts of the East Coast, a gunman massacred 20 school children in Connecticut and a long, contentious election campaign was followed by failure to resolve the “fiscal cliff” issue by year-end. Americans have not been very optimistic since the […]

Lots of doom and gloom in economic outlook

Lots of doom and gloom in economic outlook

A U.S. economy that plodded along in the first three months of the year likely grew even less in the April-June quarter. And most economists no longer think growth will strengthen much in the second half of 2012. Weaker hiring, nervous consumers, sluggish manufacturing and the overhang of Europe’s debt crisis might be pointing toward […]