Tuesday February 7, 2012
| Last update: Wednesday at 9:06 PM
United States entering a new 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.
double dip recession, Economic Crisis, recession
U.S. economic stagnation continues three years after financial crisis of 2008
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.
double dip recession, recession
Risk of another downturn rises
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.
double dip recession, jobs, recession
S&P downgrades U.S. government bonds, stock market tanks
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+.
bonds, double dip recession, recession, s&p, Standard & Poors
Cuts in government spending push economy to edge of another downturn
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%.
Capitalism, double dip recession, economy, GDP, recession, Unemployment
Capitalism and Economic Stagnation
BY Masao Suzuki | United States | 6/27/11
On June 21, the Chairman of the U.S. Federal Reserve Bank, Ben Bernanke, gave a very downbeat report on the U.S. economy following a two day meeting of the Fed.
Capitalism, federal debt, Marxist economics, recession
Another week, another 300,000 unemployed lose their federal unemployment benefits while senators take a break
BY Masao Suzuki | San Jose, CA | 7/09/10
On July 8, the U.S. Department of Labor reported that almost 350,000 unemployed were dropped from federal unemployment insurance rolls.
Economic Crisis, recession, Unemployment
June Swoon: 125,000 Jobs Lost in June
BY Masao Suzuki | San José, CA | 7/04/10
On Friday, July 2, the U.S. Department of Labor reported that 125,000 jobs were lost in June. While the official unemployment rate fell from 9.7% in May to 9.5% in June, this was due to the 650,000 people gave up looking for work and were no longer counted as unemployed.
Economic Crisis, jobs, recession, Unemployment
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
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