With the increase in outsourcing jobs to maintain a competitive edge in the global economy, Americans are facing more frequent layoffs at the workplace. This phenomenon is causing low self esteem and other psychological problems among people losing their jobs.
A year after Hurricane Katrina flooded New Orleans, residents find that despite promises of aid from local, state and federal governments, the city still lacks adequate medical care and other basic services.
As housing inventories reached new highs, existing-home sales in the United States fell in July to its lowest rate in more than two years. Industry economists discuss the drop and the impact of the softening real estate market on the…
Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike.
The mortgage giant Fannie Mae received a $400 million dollar fine and a scathing report on its "unethical corporate culture."…
The U.S. Labor Department reported Friday that the growth of new jobs slowed last month. However, other indicators in the last few weeks suggest that the economy has been steadily improving.
Harvard economist and behind-the-scenes presidential adviser John Kenneth Galbraith died Saturday at age 97. NewsHour Economics Correspondent Paul Solman talks with biographer Richard Parker and reviews an earlier interview he had with Galbraith.
By Admin, PBS NewsHour
The devastation left by hurricanes Katrina and Rita on the Gulf Coast will require the largest recovery and rebuilding effort ever undertaken by the United States.
The economy grew at an impressive 8.2 percent rate in the third quarter, largely credited to an increase in corporate spending on new equipment and software.
The U.S. economy grew by a higher-than-expected 4 percent annual rate last quarter and consumer confidence ended its five-month slide, according to new numbers released on Tuesday.
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