Who gets to decide if we are in a recession?

Jun 9, 2020
We have to take the word of economists at the National Bureau of Economic Research, who have been making that call for a hundred years.
It may not come as a surprise that the United States is in a recession, but the official declaration from the NBER matters.
Kena Betancur/AFP via Getty Images
Americans won't be racing out to spend money as lockdown restrictions ease, early indicators suggest.
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Some companies are cutting retirement contributions in the COVID-19 cash crunch

Apr 1, 2020
During the Great Recession, about 20% of companies scaled back matching funds.
You probably don't want to check your 401(k) just now, or you might look like this trader did on March 9.
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More and more people are being laid off. How far might unemployment go?

Mar 18, 2020
As unemployment climbs, it gets harder for the economy to come back.
Scott Barbour/Getty Images

House subcommittee scrutinizes diversity at biggest banks

Feb 12, 2020
Reforms after the financial crisis haven't brought dramatic change.
Has Wall Street really become more diverse since the 2008 recession?
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Who benefited from America's housing bust?

Nov 15, 2019
Millions of Americans lost their homes during the foreclosure crisis. Investigative reporter Aaron Glantz wanted to know who got them.
A foreclosed townhouse in Centreville, Virginia, in 2009.
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How Reno, Nevada, turned its economy into a small powerhouse

Mayor Hillary Schieve said playing on the region's strengths and diversifying its economy helped revive the struggling, post-recession city.
A neon sign welcomes people to Reno, Nevada.
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Worker productivity declined for first time in four years

Nov 6, 2019
No, it's not because of social media or politics.
One economist said we're stuck in the slow lane when it comes to productivity.
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The budget deficit last topped $1 trillion in 2012, a very different time

Sep 13, 2019
Back then, the economy was struggling its way out of recession. Now? Not so much.
The U.S. Treasury Department announced Thursday the government deficit has topped $1 trillion for the first time in seven years. Above, the Treasury Department building in Washington, D.C.
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Younger workers are pushing for greater work-life balance

Jun 3, 2019
They're bringing self-care to work and pushing for more flexibility to have a life.