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  • Eric Rosenkrantz waits on the unemployment insurance phone at WorkSource Oregon on Sept. 2, 2011, in Tualatin, Ore. (Associated Press)

    Job growth, unemployment stall in August

    Job growth ground to a halt last month in the strongest evidence to date that businesses were hit as hard as consumers by a sharp loss of confidence during the month spawned by Washington's debt crisis and severe turmoil in the world's financial markets.

  • **FILE** President Obama poses April 8 for photographers in the Blue Room of the White House after speaking on the budget and potential government shutdown that was averted when Republican and Democratic lawmakers reached a deal. (Associated Press)

    60-year-low tax revenues contribute to deficit growth

    Washington's spendthrift ways have taken much of the blame for sending the budget deficit more than $1.5 trillion during the recession, but equal blame should go to a collapse in federal revenues to 60-year lows, budget analysts say.

  • Customers are starting to find increased prices even at Wal-Mart, which has branded itself as a discount retailer. (Associated Press)

    Wages not keeping up with pace of inflation

    American workers are getting squeezed, not able to get ahead because anemic growth in their wages is not keeping up with the fast rise in prices for food, fuel and other necessities.

  • **FILE** In a Dec. 6 photo, a man with a Santa cap looks up at a marquee with high gas prices at a Shell gas station in San Francisco. (Associated Press)

    Inflation makes comeback as prices rise for food, fuel

    Inflation is making a quick comeback after touching the lowest levels in decades last fall.

  • **FILE** Shoppers browse Nov. 26 at an electronics store in Albuquerque, N.M. The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas. The growth is boosting hopes for a stronger 2011. The Commerce Department reported Friday that growth rose to an annual rate of 3.2 percent in the October-December quarter. (Associated Press)

    With a GDP record, 'economy is back'

    The economy turned an important corner at the end of last year, recouping all the ground lost during the Great Recession and expanding into record territory.

  • **FILE** Federal Reserve Chairman Ben Bernanke (Associated Press)

    Debtors repent by walking away, not by paying off

    A common refrain these days is that Americans are learning to save more and spend less, depending less on credit cards and unsustainable increases in mortgage debt to finance lifestyles that many can't afford.

  • Unemployment rate stays at 9.6 percent

    The nation's businesses created another 64,000 jobs last month -- adding to a string of steady gains this year that has been welcome for job-hunters but not strong enough to draw down the unemployment rate.

  • SPOTLIGHTED: President Obama is displayed on a large video screen Monday at the Newseum in Washington, where he discussed jobs and the economy during a town-hall gathering hosted by CNBC. (Associated Presss)

    Recession over, but recovery not felt

    The worst recession since the Great Depression ended more than a year ago, the nation's official scorekeeper declared Monday, but the aftershocks from the once-in-a-century event continue to reverberate through the economy and people's lives.

  • Jobless claims, trade deficit decline

    The nation's economic outlook improved Thursday as the government reported big drops in the nation's trade deficit in July and a large decline in claims for unemployment benefits last week.

  • In this Aug. 24, 2010, photograph, Dabura Karriem, 60, of Bloomfield, N.J., reacts upon hearing there is a job availability for exactly what she's looking for as a file clerk at a bank, while attending a career fair in Newark, N.J. The Labor Department said jobless claims fell by 27,000 to 451,000 last week. (AP Photo/David Goldman)

    Trade deficit, jobless claims plummet

    The economic outlook improved Thursday as the government reported big drops in the nation's trade deficit in July and a large decline in claims for unemployment benefits last week.

  • "The best thing we can do in Washington is really just to calm down, to quit making sweeping changes," Sen. Bob Corker said. (Associated Press)

    Debate on taxes affects the savers

    The nation's highest income groups predictably did better during the recession and socked away their money, new government figures show, but wealthier Americans' newfound penchant for savings is already driving Democratic calls to raise taxes on them this fall.

  • "Meet the Press" host David Gregory (left) on Sunday interviews former Federal Reserve Chairman Alan Greenspan, who said he thinks the economy is in a modest recovery, but added that right now there's a "pause" in that recovery, so it feels like a "quasi-recession." (NBC via Associated Press)

    Consumers find thrift, but lose fast recovery

    The deep recession and widespread joblessness appear to have taught Americans an important lesson about living within their means and setting aside more money for economic emergencies.

  • In this photograph taken July 22, 2010, employees sort garlic cloves at the Christopher Ranch, in Gilroy, Calif. The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment. (AP Photo/Paul Sakuma)

    Growth slowed to 2.4% in spring quarter

    The nation's economic recovery lost speed in the spring quarter, growing at a 2.4 percent annual rate after surging by 3.7 percent in the winter, the Commerce Department reported Friday morning.

  • President Obama leaves the Rose Garden on Monday after saying Republicans are wrong to withhold more unemployment benefits from people looking for work such as, from left: Leslie Macko, from Charlottesville, Va., Jim Chukalas, from Fredon Township, N.J., and Denise Gibson, from Brooklyn, N.Y. They were invited to appear with the president as a way to humanize his plea for another extension of jobless benefits. (Associated Press)

    Senate appears set to approve more benefits for jobless

    A political logjam over extending long-term jobless benefits appeared to be breaking Monday as senators reacted to signs that a recent loss of momentum in the economic recovery could snowball into a more serious economic reversal.

  • New home sales plunge to hit a record low

    A report Wednesday that new home sales plummeted to a record low after the federal housing tax credit expired added to worries that the broader economy could relapse after a spurt of growth in the last year.

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