Recessions and depressions

Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)
April 03, 2020 - 6:15 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1...
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WWL AP Feed General
April 03, 2020 - 3:20 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic. Home-loan rates have been hitting all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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A pedestrian walks by The Family Barbershop, closed due to a Gov. Gretchen Whitmer executive order, in Grosse Pointe Woods, Mich., Thursday, April 2, 2020. The coronavirus COVID-19 outbreak has triggered a stunning collapse in the U.S. workforce with millions of people losing their jobs in the past two weeks and economists warn unemployment could reach levels not seen since the Depression, as the economic damage from the crisis piles up around the world. (AP Photo/Paul Sancya)
April 03, 2020 - 1:17 pm
WASHINGTON (AP) — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade, as employers slashed hundreds of thousands of jobs because of the viral outbreak that has all but shut down the U.S. economy. The unemployment rate jumped to 4.4% from a 50-year low of 3.5%. The...
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Pat Marmo, owner of Daniel J. Schaefer Funeral Home, walks through a viewing room set up to respect social distancing, Thursday, April 2, 2020, in the Brooklyn borough of New York. He and other funeral directors are seeing a surge of clients because of the coronavirus pandemic. (AP Photo/John Minchillo)
April 02, 2020 - 10:04 pm
NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, and the public health crisis deepened in New York City, where a funeral home in a hard-hit neighborhood had 185...
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WWL AP Feed General
April 02, 2020 - 8:12 am
WASHINGTON (AP) — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus. The stunning report Thursday from the Labor Department showed that job cuts are...
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President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell of Ky., after signing the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. From left, White House chief economic adviser Larry Kudlow, Treasury Secretary Steven Mnuchin, McConnell, Trump, House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence. (AP Photo/Evan Vucci)
April 01, 2020 - 11:10 pm
WASHINGTON (AP) — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)
March 31, 2020 - 9:57 pm
TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of...
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FILE - In a Thursday, July 4, 2019 file photo, Vice President Mike Pence, center, his wife Karen Pence, pose for a group photo with new naturalized citizens following a naturalization ceremony at the National Archives in Washington. Almost half of the foreign-born who moved to the U.S. in the past decade were college-educated, a level of education greatly exceeding immigrants from previous decades, as the arrival of highly skilled workers supplanted workers in fields like construction that shrunk after the Great Recession. New figures released this week by the U.S. Census Bureau show that 47% of the foreign-born population who arrived in the U.S. from 2010 to 2019 had a bachelor’s degree or higher, compared to 36% of native-born Americans and 31% of the foreign-born population who entered the country in or before 2009. (AP Photo/Pablo Martinez Monsivais, File)
March 31, 2020 - 12:32 pm
ORLANDO, Fla. (AP) — Almost half of the foreign-born who moved to the U.S. in the past decade were college-educated, a level of education greatly exceeding immigrants from previous decades, as the arrival of highly skilled workers supplanted workers in fields like construction that shrunk after the...
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WWL AP Feed General
March 31, 2020 - 7:54 am
BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the coronavirus outbreak caused millions of job losses and tossed the U.S. economy into a likely recession. The S&P CoreLogic Case-Shiller 20-city home price...
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FILE - In this March 7, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during a campaign rally in Kansas City, Mo. White House contenders aren't typically bashful about asking for money. But as the coronavirus pandemic upends life, President Donald Trump and his likely Democratic rival, Biden, suddenly find themselves navigating perilous terrain. (AP Photo/Charlie Riedel, File)
March 29, 2020 - 6:38 am
WASHINGTON (AP) — White House candidates aren't usually bashful about asking supporters for money. But as the coronavirus upends everyday life, inundating hospitals, tanking financial markets and putting 3.3 million Americans out of work, President Donald Trump and his likely Democratic rival, Joe...
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