The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.
Financial markets are flashing some big warning signs of an approaching recession, and the global economy is weakening as the U.S.-China trade war intensifies.
Although the common site of construction cranes in Milwaukee's downtown no doubt lead most observers to conclude the city is well on its way to recovering from the Great Recession, other cities got off to much more of a head start in this regard.
The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains. Yet for Douglas Hunter and millions like him, happy days aren't quite here again.
A few years ago I wrote an article, “Demographics, Development and Demand,” in which I predicted a return of the housing market by late 2010. Well, we all make mistakes.