Forget all other economic indicators and so-called financial experts in New York and Washington. If you really want to know if the economy is coming back check to see whether high rollers are paying their gambling debts.
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.
A new analysis of a long-term survey of high school students provides an early glimpse at ways their attitudes shifted in the first years of this most recent economic downturn.
The number of people seeking U.S. unemployment aid barely changed last week, and the average over the past month fell to a fresh five-year low. The decline in layoffs is helping strengthen the job market.
America’s lower-income workers have posted the biggest job gains since the deep 2007-09 recession — but few are bragging.
The number of people seeking unemployment benefits fell by 27,000 last week, an indication that hiring could improve.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.
The U.S. economy isn’t likely to slip back into a recession, despite recent economic reports signaling the recovery has lost momentum, Warren Buffett said.