Wednesday October 28, 2020
| Last update: Wednesday at 11:02 AM
BY Masao Suzuki | San José, CA | 10/02/20
The latest report by the Department of Labor on unemployment insurance applications shows that the tide of layoffs continues. But this week, major U.S. corporations announced even more layoffs to come as the economy tilts on the edge of a ‘double-dip’ recession.
BY Fight Back! Editors | United States | 10/05/11
On Sept. 30, the Economic Cycle Research Institute (ECRI) publicly stated that the United States economy was tipping into a new recession.
BY Fight Back! Editors | United States | 9/11/11
The U.S. economy continues to stagnate with almost no economic growth or job creation more than three years after the great financial crisis of 2008 and more than two years after the recession officially ended in 2009.
BY Masao Suzuki | San José, CA | 9/05/11
In a sign that the economy is on the edge of another downturn, the Labor Department reported on Sept. 2 that there was no gain in jobs in August.
BY Masao Suzuki | San José, CA | 8/09/11
On August 5, Standard and Poors, commonly known as S&P, downgraded U.S. government bonds from the highest rating AAA to the second-highest AA+.
BY Masao Suzuki | San Jose, CA | 8/01/11
On July 29, the Commerce Department released its report on Gross Domestic Product or GDP for the Second Quarter (April to June) of 2011. GDP, which measures the value of goods and services produced in the United States, rose at only a 1.3% annual rate, much slower than most mainstream economists expected. Even worse, the First Quarter (January to March) economic growth was cut from an earlier estimate of 1.9% to just 0.4%.
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