Economics

It seems like every entry level job has a nearly impossible experience-level requirement.

In 2006, Nouriel Roubini warned that the US housing market was about to collapse. Today, he predicts that the coronavirus pandemic has put the world on a path to a decade-spanning "Greater Depression."

A Chicago suburb is on the hook for millions to operate the Sears Centre arena — an amount that in some years accounts for as much as 14 per cent of its budget.

As companies increasingly relocate to urban centers, sprawling, once-trendy corporate campuses like Sears' and Kmart's have been left crumbling in the suburbs.

The spike in unemployment in America was inevitable. Germany, and many other countries in Western Europe, have a program to protect workers and jobs.

Don't think of that number as "big" or "bold." Just think of it as the appropriate dosage for a once-in-a-century economic affliction.

The coronavirus crisis has transformed our system for compensating jobless workers.

The warrant marks a major escalation of the investigation of stock trades by lawmakers as the coronavirus spread.

The next couple of years could be a once-in-a-lifetime chance to buy a first home for the lucky people who still have jobs.

A third of Americans expect their households' finances to be worse a year from now.

The economy is in free fall but Wall Street is thriving and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government's massive rescue efforts.

Small primary care practices are turning to crowdfunding to survive. If they don't make it, it's a loss for all of us.

The country faces the same problem today that it did two months ago: There are not enough tests to contain the virus.

The New York Times dramatically illustrated the enormity of the economic downturn on their front page Saturday, showing how job losses in the United States from April were the worst since The Great Depression with this stunning infographic.

Danes haven't built a "socialist" country. Just one that works.

The April jobs report published by the Bureau of Labor Statistics this morning was record-breaking in every conceivable and terrible way.

Remember last month, when the jobs report was bad but not apocalyptic? Those were the days.

No income, major medical bills and an unknown end date. The coronavirus pandemic has exposed the fragility of America's safety net.

This pushes us past the 33.5 million total estimated number of jobs lost during the past seven weeks.

The central bank said Thursday that the British economy could shrink by 14% this year. That would be the biggest annual contraction since 1706, based on the bank's own best estimate of historical data.

The stock market plunged when the coronavirus crisis set in. But now it's on the rise, even as the pandemic continues, unemployment skyrockets, and GDP falls. What gives?

Because Disney is in so many businesses — theme parks, hotels and resorts, cruises, movies, television, streaming, retail — it will provide a nice case study of whether the coronavirus "changes everything" in the long run.

As the pandemic squeezes big companies, executives are making decisions about who will bear the brunt of the sacrifices. In many cases, workers have been the first to lose even as shareholders continue to collect.

France, Germany, Denmark, the United Kingdom and others are seeking to limit the scope of the economic downturn from the coronavirus by paying private-sector salaries. Can the United States do this too?

To understand the President's path to the 2020 election, look at what he has provided the country's executive class.

Older Americans are about to learn how hard it is to stay afloat. I clung to the middle class as I aged. The pandemic pulled me under.

The coronavirus has revealed so many of our institutions to be vulnerable or broken. But that doesn't mean they will change.

The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles' harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation.

The coronavirus pandemic has exposed a gaping disconnect between unprecedented economic pain on Main Street and extreme optimism on Wall Street.

It's a simple way to illustrate an economic system where the city doesn't let anyone fall into poverty, while also living within a sustainable environmental footprint.

The mall was a central part to American life for over 50 years but today, many of them lie in ruin and the ones that have survived are teetering on the edge of economic survival. What happened?

Europe's deep recession has begun, triggered by the introduction of measures to contain the coronavirus.

Everyone expects much worse numbers next quarter.

For eight American billionaires, their fortunes have ballooned by at least $1 billion during the pandemic.

The government put us in this position by failing to prepare and provide aid. Now they want small businesses and workers to carry the load of the recovery?

Forced to shutter Prune, I've been revisiting my original dreams for it — and wondering if there will still be a place for it in the New York of the future.

Constantly feeling like you're living beyond your means? By being a little more organized, it's possible to learn how to stick to a budget and pay off debt.

About half of the nation's food is typically consumed in group settings like restaurants and schools. Quickly rerouting the supply chain isn't easy.

First-time claims for unemployment insurance were expected to total 4.3 million last week, according to economists surveyed by Dow Jones.

Social distancing means a net benefit of $5.2 trillion, according to the analysis.

Two once-in-a-lifetime crises have had devastating consequences for millennials.

What do you do if nobody wants the crude oil that comes out of your oil well? It's a complex question.

The IRS enlisted TurboTax's help to deliver stimulus checks. It could cost you.

It turns out that having 15,000 fewer accidents per month can save the state some cash.

Only 45% of Los Angeles County residents are still employed, a national survey released Friday shows.

The CEO of Baltimore-based Atlas Restaurant Group on operating his 15-restaurant group in a new reality

Wall Street is well off its pre-pandemic highs, but it is also showing a guarded optimism about the recovery. Why?

To be fair to Mnuchin, he's also including small business loans and enhanced unemployment payments, but its still rather tone-deaf.

Any person age 17 to 24 who was claimed as a dependent won't be eligible for the $1,200 payment or the $500 child bonus.

French economist Thomas Piketty says inequality is a political choice. The solution? Wealth taxes well beyond anything dreamed up by Bernie Sanders.

The Fed prints money. What happens if we printed enough money to make sure everyone keeps their job?

The crisis has brought the economy to a near halt, and left millions of people out of work. But thanks to intervention on an unprecedented scale, a full-scale meltdown has been averted — for now.

A raging class war, a preview of more good news or a simple mistake.

In the aftermath of the coronavirus pandemic, productivity will be lower, households will be more risk-averse, and tens of millions of workers will endure lower earnings for the rest of their lives. And it could be worse if policy makers don't do more.

If you can't uphold that mission when it really counts, how much of a strategic misfire was declaring it in the first place?

We're featuring the stories of people affected economically by the coronavirus.

Unemployment is higher than it's been since the Great Depression. Here are 11 steps that could help fix it.

They're facing a second once-in-a-lifetime downturn at a critical moment.

The coronavirus has laid bare two societies divided on lines of class and race: a divide reflected in skewed death figures.

Cities that locked down faster in 1918 bounced back better.