U.S. Economy

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U.S. Economy officially in a recession

Daily Local News - Wed Dec 3, 6:37 am EST

WASHINGTON — The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.

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U.S. Economy Takes Turn for Worse, Fed Report Says
HispanicBusiness.com - Wed Dec 3, 6:40 pm EST
WASHINGTON (Reuters) -- The U.S. economy took a distinct turn for the worse in recent weeks, with labor markets weakening, consumer spending slumping and price pressures easing, a Federal Reserve report showed on Wednesday.
Breaking News: U.S. economy in recession since December '07 1 p.m.
The Citizens' Voice - Tue Dec 2, 4:21 am EST
WASHINGTON — The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said today.
NBER: U.S. economy in recession
Mississippi Business Journal - Tue Dec 2, 7:58 am EST
CAMBRIDGE, Mass. — According to the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), the U.S. economy is in full recession, and has been throughout all of 2008.
U.S. economy officially declared in a recession
BG News - Tue Dec 2, 2:19 am EST
WASHINGTON - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said yesterday. The NBER - a private, nonprofit research organization - said its group of academic economists who determine business cycles met and decided that the U.
Asia Bond Default Risk Rises After Fed Says U.S. Economy Slowed
Bloomberg - 59 minutes ago
Dec. 4 (Bloomberg) -- The cost of protecting investors in Asian bonds from default rose after the Federal Reserve said the U.S. economy weakened across all regions as it became tougher to get loans and demand for credit shrank.
Stock markets mixed following grim news on U.S. economy
CNN - Tue Dec 2, 1:38 pm EST
Global stocks in Europe and the U.S. were upbeat Tuesday, despite earlier losses in Asia and grim news about the U.S. economy battering Wall Street Monday.
Beige Book Bleak
Forbes - Wed Dec 3, 4:51 pm EST
The U.S. economy is as bad as everyone thought, but there's a new worry: deflation.
RIM cuts outlook, held back by slower U.S. economy
Reuters via Yahoo! News - Wed Dec 3, 12:51 pm EST
The weak U.S. economy has finally caught up with Research In Motion, forcing the maker of the BlackBerry smartphone to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue.
Fed Says Economy Slowed Across U.S. Since Mid-October (Update1)
Bloomberg - Wed Dec 3, 5:16 pm EST
Dec. 3 (Bloomberg) -- The U.S. economy weakened across all regions since the middle of October as it became tougher to get loans and demand for credit shrank, the Federal Reserve said in its regional economic survey.
U.S. has been in recession since Dec. 2007
The Hendersonville Times-News - Wed Dec 3, 7:06 am EST
WASHINGTON (AP) -- The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.The NBER - a private, nonprofit research organization - said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.
Fed's Beige Book reports Texas economy is weakening
Dallas Morning News - Wed Dec 3, 9:04 am EST
The economy in Texas hit the brakes in October and November, according to a Federal Reserve report issued Wednesday, a clear sign that the intensifying U.S. recession is tripping up the Texas juggernaut.
Fed president: Economy will improve in '09
The Charlotte Observer - Wed Dec 3, 3:13 pm EST
Despite greater uncertainty than usual due to the recession, the U.S. economy should bounce back sometime next year, a top Federal Reserve Bank official told a crowd of more than 650 today at the Westin Charlotte Hotel. Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, spoke at the Charlotte Chamber's seventh annual Economic Outlook Conference. The Richmond Fed includes ...
US economy weakened further in November: Beige Book
AFP via Yahoo! News - Wed Dec 3, 7:23 pm EST
Economic activity weakened across the United States over the past several weeks with most sectors facing pressure, the Federal Reserve said in its Beige Book report Wednesday.
Recession is official
Portsmouth Herald - Tue Dec 2, 6:23 am EST
WASHINGTON and#8212; The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.
Yes, we are in a recession
The Charlotte Observer - Tue Dec 2, 6:43 am EST
(By Martin Crutsinger, Associated Press) The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER, a private, nonprofit research organization, said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December. Wall Street convulsed at the news – and a fresh batch of ...

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