Posts Tagged ‘recession’

Ups & Downs of Recession-Surviving Tactics

With the employment rate still fairly high and the economy showing little evidence of recovery, Americans are still eager for ways to stay afloat financially. Here’s a look at two different options and how they might work for your lifestyle.
Renting a Room for Extra Income
Whether you’re trying to stave off foreclosure or just hoping to [...]

More »

Poll Shows Extent of Unemployment Stress on Americans

A recent poll conducted by the New York Times and CBS News sheds light on exactly how an unemployment rate topping 10 percent is affecting jobless Americans. The poll reportedly surveyed 708 unemployed adults during the first two weeks of December.
Findings
The survey looked at various aspects of job loss in the current economic climate, and [...]

More »

Personal Bankruptcy Rate Rises 33 Percent in Third Quarter

Across the country, one symptom of the recession is the high rate of bankruptcy filings.
A recent report indicates that the national bankruptcy rate rose 33 percent in the third quarter of 2009, as compared to the same time period last year.
This spike in rates represents the highest rate of bankruptcy filings since 2005.
A CNN Money [...]

More »

Retail Sales Up, Initial Jobless Claims Down

Reports from various government agencies released late this week indicate important improvement in various sectors of the economy, including retail sales and, surprising, employment.
Jobless Numbers
The Department of Labor reported on November 5th that initial jobless claims for the previous week fell to 512,000, a drop of 20,000 from the previous week. And, perhaps most promising, [...]

More »

U.S. Economy Growing – Is the Recession Over?

The U.S. economy saw growth for the first time in over a year, according to a report by the Commerce Department, signaling an unofficial end to the “Great Recession”.
In the three-month period ending September 30, the economy grew at a rate of 3.5%, higher than the 3.2% growth rate expected by economists. It was the [...]

More »

Foreclosure Wave Crashes into Smaller Cities

By now, it seems common to read about the foreclosure crisis affecting major metropolitan areas, such as Lav Vegas, Detroit or Southern California. But as those areas begin to recover from (or at least cope with) their current economic state, foreclosures are apparently spreading to smaller cities throughout the country.
According to an article on CNN, [...]

More »

Is the Recession Improving Your Health?

Since December 2007, millions of Americans have lost their jobs, their homes, and, maybe, their appetites. But do hard economic times really make Americans healthier?
A recent study from the journal Proceedings of the National Academy of Sciences explores the connection between tough economic times and lowered mortality rates.
The research found that in the years 1920-1940, [...]

More »