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recession

NPR
Economy
Employers are boosting wages to recruit workers as staffing shortages continue to linger. That's raising the prospect of continued high inflation and aggressive interest rate hikes from the Federal Reserve.

Why there are growing fears the U.S. is headed to a recession

Apr 13, 2022
With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.
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Las Vegas housing
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Nevada bankruptcies amid pandemic lower than Great Recession

Mar 22, 2022

The pandemic may not have hit Nevada as hard economically as the Great Recession, based on bankruptcy filings.

Desert Companion
Economy
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We Got Served

Nov 09, 2021

In the wake of the Great Resignation, Las Vegas needs to rethink its approach to restaurant work

KNPR
KNPR's State of Nevada
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As We Emerge From COVID-19, What Developments Will Work Here?

Apr 04, 2021

If vaccinations stay ahead of infections, it looks like Las Vegas will emerge soon from the pandemic-borne recession.

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NPR
The Coronavirus Crisis
Signs in the window of a retail store offers discounts, and jobs, in Santa Monica, Calif. U.S. GDP grew at a record-setting rate, reflecting pent-up activity after the coronavirus lockdowns, but economists warn of trouble ahead.

U.S. Economy Grows At Record Pace But Still Has A Long Way To Go

Oct 29, 2020
U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.
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NPR
The Coronavirus Crisis
A store advertises discounts in Santa Monica, Calif., on July 28 amid the coronavirus pandemic. Economic growth data on Thursday are expected to show a record-setting figure for the third quarter, but that covers the more worrisome picture underneath the

Last Report Card On U.S. Economy Before Elections Will Be A Blockbuster

Oct 28, 2020
The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won't repair all of the damage done during the spectacular downturn three months earlier.
KNPR
KNPR's State of Nevada
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State Lawmakers Check In About The Special Session

Jul 10, 2020

State lawmakers will meet for the third day of the 31st special session of the Legislature on Friday.

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NPR
Planet Money

Why Reopening Isn't Enough To Save The Economy

Jun 23, 2020
A blockbuster new study digs into the economics of the pandemic.
NPR
The Coronavirus Crisis
A worker paints over a Louis Vuitton storefront boarded up due to the coronavirus outbreak on March 30 in San Francisco.

The Rich Have Stopped Spending And That's Tanked The Economy

Jun 17, 2020
While retail sales bounced back in May after a deep drop in March and April, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.
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NPR
Goats and Soda
Boys walk past shuttered businesses in the township of Khayelitsha in Cape Town, South Africa, during the coronavirus lockdown. This recession is the first triggered solely by a pandemic, and low-income countries are particularly hard-hit.

World Bank: Recession Is The Deepest In Decades

Jun 12, 2020
The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.
NPR
Coronavirus Live Updates
An employee sets a table for pickup orders at a restaurant in Arlington, Va. Even as states are moving to reopen their economies, tens of millions are out of work.

Federal Reserve Vows To Help Economy Weather The Pandemic Recession

Jun 10, 2020
The Fed leaves interest rates near zero as expected, and promises to use all of its tools to support the economy. Officials project unemployment above 9% at the end of this year.
NPR
Coronavirus Live Updates
Boxes of food are loaded on vehicles last month at the Los Angeles Regional Food Bank. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.

It's Official: U.S. Economy Is In A Recession

Jun 08, 2020
The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.
NPR
Coronavirus Live Updates
Federal Reserve Chairman Jerome Powell says while the coronavirus is likely to cause Depression-era levels of unemployment, the economy should recover faster than it did in the 1930s.

Fed's Powell Says Sharp Downturn Won't Last

May 18, 2020
Fed Chairman Jerome Powell warns it could be another year and a half before the U.S. recovers from the economic fallout of the pandemic. But he says this will not be another Great Depression.
NPR
Coronavirus Live Updates
The U.S. economy shrank in the first quarter, as the coronavirus lockdown began. The April-to-June quarter is expected to be worse.

'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

Apr 29, 2020
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
NPR
Coronavirus Live Updates
With flight schedules slashed, airline counters at Reagan National Airport are empty. The fallout from the coronavirus will be much worse than during the financial crisis, the International Monetary Fund says.

IMF Warns Of Steepest Recession Since The Great Depression

Apr 14, 2020
The fallout from the coronavirus will be much worse than that of the financial crisis, the IMF says. The global economy is expected to shrink by 3% this year; the U.S. GDP could fall twice as much.
NPR
Coronavirus Live Updates
The monthly employment report for March is based on surveys conducted three weeks ago, before the widespread closing of restaurants, retail shops and other businesses began.

U.S. Lost 701,000 Jobs In March; Much Worse To Come

Apr 02, 2020

For the first time in nearly a decade, the economy suffered a net loss of jobs as the coronavirus began to take hold in the country. The unemployment rate shot up to 4.4%.

NPR
Coronavirus Live Updates
Forecasters say the government's aggressive efforts to slow the spread of the coronavirus will trigger the sharpest slowdown in the U.S. economy on record.

U.S. Economic Slowdown In Coming Months Expected To Be Worst On Record

Mar 20, 2020
Forecasters say the government's aggressive efforts to slow the spread of the virus will trigger the sharpest slowdown in the economy on record. Some see GDP shrinking a staggering 24%.
KNPR
KNPR's State of Nevada
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Threat Of Recession Looms Like A Dark Cloud Over Nevada

Oct 21, 2019

Growth in the global economy is stalling. Trade tension with China is at an all-time high. 

So is a recession near? Many economists say yes. 

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NPR
Economy
The manufacturing sector has seen a slowdown amid the continuing U.S. trade war with China.

Tepid U.S. Jobs Report Adds To Economic Jitters

Sep 06, 2019

The Labor Department says U.S. employers added 130,000 jobs in August, fewer than private analysts had expected. The unemployment rate was unchanged at 3.7%.

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NPR
Economy

Manufacturing Shrinks For 1st Time In 3 Years On Trade Tensions

Sep 03, 2019
Manufacturing activity in the U.S. shrank last month for the first time in three years. Factories are especially sensitive to international forces, including the ongoing trade wars.
NPR
Economy
President Trump is downplaying the odds of a recession, but he's also calling on the Federal Reserve to cut interest rates again.

Trump Dismisses Recession Fears, Saying Fed Must Help The Economy

Aug 19, 2019
The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.
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NPR
Business
Major U.S. stock indexes posted small gains Thursday, a day after their steepest drops of the year.

Stock Markets Take A Breather After Steep Drop

Aug 15, 2019
Investors paused to catch their breath Thursday after the stock market suffered its worst drop of the year the day before. Consumer spending is still strong, despite signs of a looming recession.
NPR
Europe

U.K. Economy Shrinks, Taking A Step Toward Recession For First Time Since 2012

Aug 09, 2019
If the U.K. sees similar negative growth in the current quarter, the country will officially be deemed to be in a recession.
NPR
Profiles Of America In Full Employment
Courtney Hering, who is getting married next year, is planning a slightly more lavish wedding reception. After seven years at Kohler, she finally feels like she has found a professional home.

2-Tiered Wages Under Fire: Workers Challenge Unequal Pay For Equal Work

May 21, 2019
For years after the Great Recession, employers were reluctant to boost wages. Now a tight labor market is giving workers the leverage they need to demand a larger slice of the nation's economic pie.
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NPR
Business
Major U.S. stock indexes fell Friday as short-term Treasury yields exceeded those on long-term bonds, in what some analysts consider a sign that a recession may be coming.

Stocks Indexes Drop As Bond Market Flashes Recession Warning

Mar 22, 2019
The bond market flashed an ominous warning Friday, as the yield on long-term government debt dipped below that of short-term bills. That unusual situation often signals a recession on the horizon.

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