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Recession

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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COVID-19

Graduating into this mess stinks

by Sabri Ben-Achour
May 14, 2020
Recession grads make less money, and it takes 10 to 15 years to catch up in terms of income.
Graduation will be different this year.
Joshua Lott/Getty Images
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COVID-19

Crisis cuts many workers’ hours, extends workday for some

by Meghan McCarty Carino
May 6, 2020
A Marketplace Edison Research poll found a third have lost hours but 16% are working more.
An employee restocks milk at a grocery store. Some businesses are seeing strong demand during the pandemic and increasing staff hours.
Joe Raedle/Getty Images
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COVID-19

The economic impact of COVID-19 is magnified in New Orleans

by Rhodes Murphy
Apr 1, 2020
The city is quickly becoming a case study for how a frayed social safety net responds in a global pandemic.
View of an empty street in the French Quarter amid the COVID-19 pandemic on March 27, 2020 in New Orleans, Louisiana.
Chris Graythen/Getty Images
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COVID-19

How bad will this recession be, and how long will it last?

by Sabri Ben-Achour
Mar 30, 2020
Just because the COVID-19 recession came on incredibly quickly does not mean it will be a quick recovery.
The COVID-19 recession will likely have a slow recovery. Above, an empty 42nd Street in Manhattan on March 25.
Angela Weiss/AFP via Getty Images
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COVID-19

Reviving the economy won't be like flipping a switch

by Kimberly Adams
Mar 23, 2020
Demand will come back after the coronavirus pandemic subsides, but how much demand? And for what?
The Fearless Girl statue stands alone in front of an empty New York Stock Exchange on March 23, in New York City.
Angela Weiss/AFP via Getty Images
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