The stock market plunged on Thursday as investors viewed it as increasingly likely that the global economy is slowing. U.S. stock indexes lost more than 3 percent of their value, as the Dow Jones Industrial Average plummeted 3.51 percent to 10,733.83 and the S&P 500 fell 3.19 percent. With new data pouring in suggesting that [...]
A shortage of jobs and falling incomes have left an overwhelming share of Americans convinced that the Great Recession is not over, according to a Gallup Poll released Wednesday. Eight in 10 Americans believe that the nation’s economy is not growing and that the recession is an ongoing problem, the poll found. Nearly 75 percent [...]
The widening gap between the wealthy and everyone else in the United States may be hindering a broader economic recovery, according to a new study. The study out of the International Monetary Fundfound that greater income equality positively correlates with stronger economic growth. Released in September, the study more specifically concluded that a 10 percent [...]
If anyone in America could plausibly claim immunity to the unemployment crisis, Joe Sangataldo figured to be the guy. He earned his wages at a county social services center in southern New Jersey, where he helped jobless welfare recipients try to find work. In a nation beset by relentless decline, here was a rare growth [...]
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