Monday March 15, 2010
| Last update: Saturday at 10:01 PM
Purchasing Power of Workers' Weekly Wages Fall 1.6% in 2009
BY Adam Price | San Jose, CA | 1/20/10
Wages failed to keep up with the rise in prices, so weekly real earnings, or the purchasing power of workers’ weekly wages, fell by 1.6% in 2009.
recession
U.S. in Longest Recession Since the 1930s
BY Adam Price | San Jose, CA | 5/11/09
The United States is now in its longest recession since the Great Depression of the 1930s.
capitalist crisis, Depression, recession
Bottom Falls Out of the Job Market
BY Adam Price | San Jose, CA | 12/06/08
On Friday, Dec. 5, the Department of Labor reported that 533,000 jobs were lost in November, the worst one-month decline since 1974.
1930s, capitalist crisis, recession, Unemployment
Shock and Awe on Wall Street
BY Adam Price | San Jose, CA | 9/21/08
The year-old financial crisis entered a new stage in September as the U.S. financial system suffered its worst setbacks since the Great Depression of the 1930s.
bank bailout, capitalist crisis, recession
Financial Crisis Grows as Investment Bank Bear Stearns Collapses
BY Adam Price | San Jose, CA | 3/24/08
On Friday, March 14, the fifth largest investment bank in the United States, Bear Stearns, failed.
bank bailout, Bear Stearns, capitalist crisis, recession
Did the Recession Begin in December?
BY Adam Price | San Jose, CA | 2/03/08
On Friday, Feb. 1, the U.S. Department of Labor reported that the economy lost 18,000 jobs in January, the first decline in more than four years.
capitalist crisis, recession, Unemployment
Not So Happy New Year: U.S. Economy on the Edge of a Recession
BY Adam Price | San Jose, CA | 1/11/08
New economic data released in early January 2008 showed that the U.S. economy was on the edge of a recession in December. On Jan. 2, the Institute for Supply Management reported that the manufacturing sector shrank in December.
capitalist crisis, recession, Unemployment, unemployment disparity
Downturn in U.S. Housing Market Shakes Financial Markets Around the World
BY Adam Price | San Jose, CA | 8/20/07
In July the U.S. housing market hit new lows, with the lowest number of permits for new homes and the lowest number of construction starts in more than ten years.
capitalist crisis, housing crisis, recession
Housing Market Fizzles, Raising Risk of 2007 Recession
BY Adam Price | San Jose, CA | 1/24/07
Between September of 2005 and December of 2006 permits to build new homes went down 28%, as home sales have dropped and prices have started to fall.
capitalist crisis, housing crisis, recession
Millions Out of Work, Bush Gives Tax Cuts to Rich
BY Adam Price | San Jose, CA | 7/01/03
In May, the unemployment rate rose to 6.1%, the highest level in nine years; businesses have cut more than two and a half million jobs since the recession began in March of 2001.
bush tax cuts, crisis of capitalism, recession, Unemployment
Syndicate content