Economists estimate that the probability of a recession starting next year is at 21 percent, up from 10 percent a year earlier, the Wall Street Journal reported.
The trade deficit soared to the highest level seen since 2008, the height of the Great Recession, according to a preliminary report released Thursday by the Bureau of Economic Analysis.
An avocado black market has emerged in New Zealand as thefts of the fruit have spiked this year amid shortages.
Eight states had negative GDP growth in the fourth quarter of 2015, and Alaska had negative growth for two consecutive quarters putting it in a recession, according to data released Tuesday by the Bureau of Economic Analysis.
There were 94,708,000 Americans not participating in the labor force in May, an increase of 664,000 individuals from the previous month, according to data from the Bureau of Labor Statistics released Friday.
Former McDonald’s CEO Ed Rensi warned against raising the federal minimum wage to $15 an hour, arguing that the shift would hamper the entry-level job experience needed for career advancement.
Americans view the economy as the top policy priority the next president should tackle upon entering the White House in 2017, according to a new Gallup poll released Wednesday.
President Obama is set to return to Elkhart, Indiana, Wednesday to position the region’s slashed unemployment rate as a success story of his administration’s $800 billion economic stimulus package.