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recession

Nov 13, 2019

Survey shows chief legal officers expect recession

Law departments show caution on hiring and spending in 2019 A new survey of chief legal officers reveals that 76 percent expect there will be a recession in the United States within the next two years, which is making them cautious about new law department hiring and spending. The survey has been conducted annually by […]

Mar 30, 2012

Making car payment takes priority, study finds

NEW YORK — The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments, a study finds. It used to be that Americans would pay their home loans first, then their credit card and car loans. […]

Feb 2, 2012

Comptroller: NY rebounding unevenly around state

ALBANY — State Comptroller Thomas DiNapoli said Thursday that New York has recovered less than half the jobs lost during the recession and a weakening Wall Street and global economy make for a gloomy outlook. DiNapoli’s report on economic trends finds an uneven recovery from the recession that’s still hitting many areas hard three years […]

Oct 7, 2011

Economy added 103,000 jobs in September

WASHINGTON — The United States added 103,000 jobs in September, a burst of hiring that followed a sluggish summer for the economy. The figure at least temporarily calms fears of a new recession that have hung over Wall Street and the nation for weeks.

Sep 29, 2011

Economy gains, not enough to cut unemployment

WASHINGTON — The economy is showing signs of modest improvement — not enough to reduce high unemployment but enough to ease fears that another recession might be near. Fewer people applied for unemployment benefits last week ...

Aug 12, 2011

Wall Street’s ride compounds states’ pension fears

ALBANY — Wall Street's volatility has hit state pension funds just as they were beginning to recover from the recession, turning what was merely a troubled forecast into a potentially stormy future for taxpayers who are on the hook for billions in unfunded liabilities for government retirees.

Jul 29, 2011

Economy slowed sharply in first half of year

WASHINGTON — The economy expanded at a meager 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year ...

Jun 27, 2011

Poll: People divided on looming debt crisis

WASHINGTON — It might be time for another midnight ride by Paul Revere, this time warning "the creditors are coming." Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world's most powerful economy.

Jun 6, 2011

Usually a job engine, localities slow US economy

WASHINGTON — In a healthy economic recovery, states and localities start hiring, expand services and help fuel the nation's growth. Then there's the 2011 recovery. The U.S. economy is moving ahead, however fitfully.

Apr 18, 2011

Poll: Students optimistic despite money doubts

WASHINGTON, D.C. — For young people who came of age in the recession, the American dream of life getting better for each new generation feels like a myth. A majority expect to have a harder time buying a house ...

Mar 29, 2011

Inflation worries push consumer confidence lower

NEW YORK CITY — U.S. shoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index down sharply in March. The decline, which followed a three-year high in February ...

Jan 31, 2011

Consumer spending up 0.7 percent in December

WASHINGTON, D.C. — Americans spent at the fastest pace in three years in 2010, boosted by a strong finish in December. Consumer spending rose 0.7 percent in December, the sixth straight monthly increase ...

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