Recessions and depressions

FILE- In this June 21, 2018, file photo, job applicants talks with representatives from Aldi at a job fair hosted by Job News South Florida, in Sunrise, Fla. On Friday, Oct. 5, the U.S. government issues the September jobs report. (AP Photo/Lynne Sladky, File)
October 05, 2018 - 8:39 am
WASHINGTON (AP) — U.S. employers added just 134,000 jobs in September, the fewest in a year, though the figure was likely lowered by Hurricane Florence, while the unemployment rate fell to 3.7 percent, the lowest level since 1969. Hurricane Florence struck North and South Carolina in the middle of...
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Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)
October 02, 2018 - 2:49 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through "extraordinary...
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In this June 15, 2018 photo, cash is fanned out from a wallet in North Andover, Mass. On Thursday, Aug. 20, the Federal Reserve reports on household wealth for the April-June quarter. (AP Photo/Elise Amendola)
September 20, 2018 - 3:40 pm
WASHINGTON (AP) — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' stock and mutual fund portfolios rose...
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The sun rises behind the European Central Bank in Frankfurt, Germany, Wednesday, Sept.12, 2018. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
September 13, 2018 - 1:04 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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Greece's Prime Minister Alexis Tsipras, right, and Simos Anastasopoulos, President of the American-Hellenic Chamber of Commerce, center, listen to U.S. Commerce Secretary Wilbur Ross, during a visit at Thessaloniki International Trade Fair, at the northern Greek city of Thessaloniki, Saturday, Sept. 8, 2018. Thousands of police officers will be on duty in the northern city Saturday, as anti-austerity protests are planned throughout the city, at the same time when Tsipras plans to outline his economic platform for a country emerging from a decade of international bailout measures. (AP Photo/Giannis Papanikos)
September 08, 2018 - 8:00 am
THESSALONIKI, Greece (AP) — U.S. Commerce Secretary Wilbur Ross on Saturday inaugurated a trade fair in recession-weary Greece, where the government is pushing for overseas investment but faces mass protests after years of plummeting living standards. Ross joined Greece's left-wing Prime Minister...
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September 04, 2018 - 8:31 am
JOHANNESBURG (AP) — The South African economy has fallen into recession, compounding concerns about its weakening currency, plans for land reform and fallout from state corruption under former president Jacob Zuma. The Statistics South Africa group said Tuesday that the economy shrank by 0.7...
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In this June 19, 2018 photo, several ship to shore cranes stack shipping containers on-board the container ship Maersk Semarang while three Ever Green Line refrigerated containers wait to be loaded onto another ship at the Port of Savannah in Savannah, Ga. On Wednesday, Aug. 29, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton)
August 29, 2018 - 11:15 am
WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 4:19 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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In this photo released by Greek Prime Minister's office, Greek Prime Minister Alexis Tsipras delivers a speech from the western Greek island of Ithaca, legendary home of the ancient mariner Odysseus, hero of Homer's Odyssey epic, on Tuesday, Aug. 21, 2018. Speaking to local officials on the island, Tsipras compared Greece's bailout travails with those of Odysseus. Greece remains shackled to the austerity demands of its former creditors even though it officially entered its post-bailout era Tuesday. (Andrea Bonetti /Greek Prime Minister's Office via AP)
August 21, 2018 - 7:00 am
ATHENS, Greece (AP) — Greece's eight-year bailout ordeal will forever be bookended by two of the country's iconic islands. In choosing the western island of Ithaca to declare the end of the bailout era Tuesday, Greek Prime Minister Alexis Tsipras harked back to one of the country's legendary heroes...
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July 29, 2018 - 10:01 pm
COLORADO SPRINGS, Colo. (AP) — Billionaire industrialist Charles Koch warned Sunday that Trump administration trade policies could trigger a recession. The conservative activist lashed out at the Republican president's brewing international trade war as hundreds of donors gathered for a private...
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