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NEW YORK, Dec. 2, 2011 /PRNewswire/ -- In the most recent issue of the Lookout Report -- a biweekly research note from S&P Capital IQ's Global Market Intelligence unit that draws upon the firm's unique analytical assets, including Capital IQ, S&P Indices, S&P Leveraged Commentary and Data, and company and funds research-- analysts note that financial market participants today are generally less worried about near-term U.S. recession risks than they were in June when total U.S. nonfarm employment expanded by only 20,000 new jobs. However, anxiety over the economy persists as a consequence of bank liquidity contagion risks currently emanating out of Europe, and the lack of clarity over a workable solution to the crisis.
This information is published in the Lookout Report for December 2, 2...
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Since the start of the recession in December 2007, the US unemployment rate has risen more than four percentage points. Similar sharp increases in unemployment have occurred in other severe recessions, such as those in 1973-1975 and 1981-1982. In the aftermath of those severe recessions, the economy rapidly recovered and unemployment quickly declined. One reason why unemployment may not fall as quickly this time is that the labor market has changed substantively since the early 1980s. A second reason unemployment may not fall quickly this time is that the recession has been coupled with a systemic banking crisis. The authors examine these factors and quantify their potential implications for the future US unemployment rate. Their analysis suggests that recent trends in labor markets, co...
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In early December 2008, the National Bureau of Economic Research announced its determination that the US economy had been in recession since December 2007, notwithstanding the positive growth in real gross domestic product registered during the first two quarters of 2008. Still, the economy grew by a quarterly average of nearly 1.9% during the first two quarters of 2008, fueled in part by a significant improvement in net exports as well as fiscal stimulus-supported personal consumption. Labor market conditions have weakened noticeably since late 2007 -- since the recession began in December 2007, a total of 3.6 million jobs have been lost. Rising food prices and the energy price surge through the middle of last year boosted headline inflation, which peaked at 5.6% in the 12 months throu...
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The economic data are now available to support what most people have felt for some time now -- the US economy is in recession, and according to the National Bureau of Economic Research, has been in recession since December 2007. Ultimately, it was the bursting of the housing bubble of the early 2000s that sparked this recession. Overall, the current recession is characterized by a dramatic global deleveraging on the part of households, businesses, and governments. The purpose of this article is to examine this deleveraging by first discussing how the global economy became so leveraged to begin with, and then, by considering the implications of deleveraging in both the short- and long-term. A prolonged period of below-average consumption growth could result in sluggish recovery for South...
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WASHINGTON -
Beltway talking heads chat cheerfully about increases in the Gross Domestic Product and stock market gains fueling higher 401(k) balances. After all, the president's chief economic adviser told us in December that "everyone agrees that the recession is over.
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To: MEDICAL EDITORS
Contact: Laura Segal, +1-202-223-9870 ext.27, lsegal@tfah.org, or Nicole Speulda, +1-202-223-9870 ext.29, nspeulda@tfah.org, both of Trust for America's Health
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WASHINGTON -- U.S. corporations continue to post strong profits quarter after quarter, even as the unemployment rate remains high and the economic recovery plods along in fits and starts. What gives?
Corporate profits grew 36.8 percent in 2010, the biggest gain since 1950, according to a report from the Bureau of Economic Analysis. No sign could be more clear that U.S. companies see the Great Recession in the rearview mirror.
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To: NATIONAL EDITORS
Contact: Christopher Spina of First Focus, +1-202-657-0677, +1- 202-674-2450 (mobile)
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OSLO, Norway - While much of Europe is struggling to pay its way out of the debt crisis, Norway has been awash with cash and is set to get more. Two major oil finds are revitalizing the country's aging energy sector and promise to buoy it through the downturn looming over the global economy.
Although headlines this summer have been predicting economic gloom - a flare-up in Europe's debt problems, falling bank stocks, another recession in the U.S. - Norway has weathered the bad news.
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WASHINGTON, Dec. 20, 2011 /PRNewswire/ -- Fourth-quarter economic activity indicates that 2011 will end on a positive note. Economic growth of more than 2.5 percent (the strongest quarterly growth for 2011); stronger employment (140,000 private sector jobs added in November, as well as upward revisions to the previous two months employment data); strong auto sales; some needed inventory building; and slight improvements in housing are among the contributing factors to a decent close of a tough year. Nevertheless, the U.S. economy continues to face many obstacles, with momentum expected to slow going into 2012.
Most notably, Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group notes that the European sovereign debt crisis and resulting stresses in the financ...
... when the economy began to slip into recession). "It's important to recognize that we're ending 2...