Economy, Recession | featured news

The Labor Department said initial claims for unemployment insurance rose by 17,000 to a seasonally adjusted 474,000. That was above analysts' expectations of 460,000.

Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.

President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.

The yen’s strength prompted fresh concerns among Japan’s export giants, and could delay its move out of the deepest recession in decades.

Millions of Americans got an early jump on their Thanksgiving travel Wednesday, with many opting to drive or take trains and buses instead of shelling out more money for flights amid a sour economy still hitting household budgets hard....

Data, coupled with new information on jobless claims, provides a bit of hope for the economy.

The euro region finally sees some modest growth, as Spain and Ireland straggle behind.

President Obama said Monday the public and private sectors must find more ways to create jobs to continue the U.S. climb out ...

The government reported that output of goods and services grew at a 3.5 percent annual rate, which was faster than expected. But it will be months before job-seekers feel the benefits.

New orders for long-lasting U.S. manufactured goods rose 1 percent in September, Commerce Department data showed on Wednesday, suggesting that the economy's wobbling recovery from recession may be steadying.