U.S. Is Officially In Recession. How Long Will It Last? : Coronavirus Updates : NPR
The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.
US retail sales jump 7.5% in June, but economy still ails
BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady...
Hyperinflation – can be controlled with a different government. | econfix
Venezuela has been in the news for sometime with its economy spiralling out of control with the inflation rate last year at 100,000% – doubling roughly once a month. The occurrence of hyperin…
Infographic: A Decade of Grocery Prices for 30 Common Items
How much more expensive are basic staples than they were 10 years ago? This infographic tracks grocery prices for 30 common items like cheese, fruit, and eggs.
Report: Michigan economy hurting more than most states
The COVID-19 pandemic and resulting economic contraction is hurting Michigan more than many other states, according to a new survey from Comerica Inc.Regional economists at the Dallas-based bank report that Michigan's GDP fell at an annualized rate of 41 percent in the second quarter. During the…
As state legislators contemplate the future of unemployment benefits, the health of Michigan's economy hangs in the balance. Michigan's quick recovery, largely thanks to the automotive sector working double time after two months of lost production, has stalled out. Jobs posts remain well…