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Recession

COVID-19

Why demand for Mason jars surges in times of uncertainty

by Kai Ryssdal
Dec 7, 2020
Canning food fills a "psychological need to find control wherever you can" during economic downturns, says journalist Jen Doll.
Demand for Mason jars surged in 2020, but this isn’t the first time that’s happened during a period of instability. Above, girls can plums in 1944.
Fox Photos/Getty Images
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Retailers' holiday sales strategy this year? Fewer, smaller sales

by Marielle Segarra
Dec 7, 2020
They're trying to make a profit selling less stuff, but holding the line on prices.
A pedestrian walks past a store advertising a Black Friday sale on Nov. 27 in New York.
Jeenah Moon/Getty Images
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COVID-19

What is a double-dip recession?

by Rose Conlon and Kai Ryssdal
Dec 3, 2020
Not all recessions are created equal.
People line up to receive a food distribution in Harlem, New York. Let's hope 2020's dismal economy is not followed by another downturn.
Timothy A. Clary/AFP/Getty Images
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Economic Anxiety Index®

People are growing tired of COVID-19 safety measures, even as the virus surges

by Kristin Schwab
Nov 10, 2020
The human body isn't wired to stay in a constant state of fight-or-flight.
People have lunch at Bottino Restaurant in Chelsea as New York City restaurants open for limited capacity indoor dining on Oct. 1.
Bryan R. Smith/AFP via Getty Images
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COVID-19

Talk to kids about money, and remember, they "eat up honesty"

by Amy Scott and Alli Fam
Sep 7, 2020
Shipra Parikh, a clinical social worker, explains why these conversations should be tailored to each families personal financial situation.
Leo Patrizi/Getty Images
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COVID-19

COVID-19 pushes business bankruptcies higher in an already tough year

by Sabri Ben-Achour
Jun 19, 2020
The government support provided at the beginning of the pandemic was meant to be temporary, but companies are still suffering.
A "Store Closing" sign on a Pier 1 in Chicago.
Scott Olson/Getty Images
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Who gets to decide if we are in a recession?

by Sabri Ben-Achour
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.
A man wears a face mask as he check his phone in Times Square on March 22, 2020 in New York City. - Coronavirus deaths soared across the United States and Europe on despite heightened restrictions as hospitals scrambled to find ventilators. (Photo by Kena Betancur / AFP) (Photo by KENA BETANCUR/AFP via Getty Images)
Kena Betancur/AFP via Getty Images
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COVID-19

It's official: We're in a recession

by Justin Ho
Jun 9, 2020
In the past, the National Bureau of Economic Research has watched an economic decline for longer before declaring a recession. But this is no ordinary contraction.
Shuttered stores in downtown Los Angeles in April.
Mario Tama/Getty Images
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Recession hit U.S. in February, ending record-long expansion

by Associated Press
Jun 8, 2020
A group of economists declared Monday that the longest expansion on record has ended.
A restaurant closed in March due to the coronavirus pandemic.
Adalberto Roque/AFP via Getty Images
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COVID-19

Falling unemployment rate suggests businesses are bringing workers back amid COVID-19

by Associated Press
Jun 5, 2020
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
It's a surprisingly positive reading in the midst of a recession that has paralyzed the economy.
Olivier Douliery/AFP via Getty Images
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