Recessions and depressions

FILE - This Dec. 24, 2018, file photo shows U.S. Capitol dome in Washington. The number of people applying for unemployment aid fell last week to its lowest level in nearly five decades, solid evidence that the job market is healthy and layoffs scarce. The Labor Department said on Thursday, April 11, 2019, that weekly applications for jobless benefits dropped 8,000 to a seasonally adjusted 196,000. (AP Photo/Manuel Balce Ceneta, File)
April 11, 2019 - 3:13 pm
WASHINGTON (AP) — The fewest people in nearly 50 years sought unemployment benefits last week, a sign of a strong job market and an unusually low level of layoffs. Yet the sinking pace of layoffs isn't due solely to a tight employment picture. Many states have imposed stricter rules on their...
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Australian Prime Minister Scott Morrison, second left, shakes hands with Governor General Peter Cosgrove as he leaves Government House in Canberra, Thursday, April 11, 2019, after a meeting to dissolve parliament and head for a Federal Election. (Mick Tsikas/AAP Image via AP)
April 11, 2019 - 4:12 am
CANBERRA, Australia (AP) — Australia's prime minister on Thursday called a May 18 election that will be fought on issues including climate change, asylum seekers and economic management. "We live in the best country in the world," Prime Minister Scott Morrison told reporters after advising the...
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Australian Prime Minister Scott Morrison, second left, shakes hands with Governor General Peter Cosgrove as he leaves Government House in Canberra, Thursday, April 11, 2019, after a meeting to dissolve parliament and head for a Federal Election. (Mick Tsikas/AAP Image via AP)
April 10, 2019 - 6:39 pm
CANBERRA, Australia (AP) — Australia's prime minister on Thursday called a May 18 election that will be fought on issues including climate change, asylum seekers and economic management. "We live in the best country in the world," Prime Minister Scott Morrison told reporters after advising the...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 6:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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FILE- In this Feb. 5, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 5. (AP Photo/Richard Drew, File)
April 05, 2019 - 1:58 pm
Stocks moved broadly higher Friday afternoon on Wall Street after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. Health care, energy and technology stocks accounted for much of the rally, which placed the benchmark S&P 500 index on track for...
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FILE - In this Jan. 21, 2019 file photo, International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum in Davos. The head of the 189-nation International Monetary Fund said Tuesday, April 2 the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world’s two biggest economies. Lagarde said the IMF does not forecast a recession in its updated economic outlook to be released next week but she called the current situation “precarious” and vulnerable to policy mistakes. (AP Photo/Markus Schreiber, File)
April 02, 2019 - 12:08 pm
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies. IMF...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 4:52 am
BEIJING (AP) — Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union. Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 1:43 am
BEIJING (AP) — Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data. Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday's big gains. Investors were encouraged by manufacturing indicators that showed activity in...
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FILE- In this March 18, 2019, file photo specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 1. (AP Photo/Richard Drew, File)
April 01, 2019 - 4:52 pm
Stocks closed solidly higher on Wall Street Monday after a batch of encouraging global economic data kept investors in a buying mood. Financial and technology companies powered much of the rally, which extended the market's gains from last week, when the benchmark S&P 500 closed out its best...
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March 29, 2019 - 6:27 pm
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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