Euro Zone Economies Show Wide Growth Gap
Germany and France boosted euro zone growth considerably more than expected during Q1, while poorer nations in the 17-country group fared far less well.
Retail Sales Move Higher; Housing Survey Still Downbeat
American businesses and consumers are giving the economy a boost by spending more, but the troubled housing market remains an obstacle, new data show.
Unemployment Rate Drops to 9% but Job Gains Muted
The unemployment rate dropped sharply last month to 9.0% from 9.4% based on a government survey that found that more than a half-million people found work, but a separate survey of company payrolls showed a scant increase of 36,000 net jobs.
Sluggish Home Building Slows Further in December
U.S. homebuilders are coming off their two worst years in more than a half-century, and the outlook for this year is only slightly better.
Experts: Not a Great Depression, but a Great Recession
It may not be another Great Depression, but leading economists agree the current downturn is indeed a Great Recession. Nouriel Roubini, professor of economics and...