Recession

Obama tries to reverse falling Democratic fortunes

Obama tries to reverse falling Democratic fortunes

President Barack Obama will travel to the Midwestern state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery. The president will deliver remarks on the economy at the Milwaukee Laborfest, a labor union gathering, one of many held around the country as America celebrates Labor […]

Mixed bag in jobs report

Mixed bag in jobs report

A wave of census layoffs cut the nation’s payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate fell to 9.5 percent, its lowest level in almost a year. Employers cut 125,000 jobs last month, the most since October, the Labor Department said […]

Debt adds to pressure of stressed-out Americans

Debt adds to pressure of stressed-out Americans

The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations. There are new jobs produced but old worries persisting for people despite belt-tightening and boosted savings, according to an Associated Press-GfK poll. About 46 percent of those surveyed say they’re suffering from debt-related stress, […]