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Great Depression

1930s worldwide economic depression starting in the United States

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Great Depression: 1930s worldwide economic depression starting in the United States
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how intensely the global economy can decline.

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Are You On An H-1B Visa? Here's What To Do If You Get Laid Off [Video]

Are You On An H-1B Visa? Here's What To Do If You Get Laid Off

The US unemployment rate jumped to 14.7% in April. It's the highest it's been since the Great Depression. According to Business Insider, the April jobs report shows that more than 20 million jobs were..

Credit: Wochit News     Duration: 00:42Published
Americans file 2.4 million jobless claims [Video]

Americans file 2.4 million jobless claims

The number of Americans claiming unemployment benefits rose again last week as, pointing to another month of staggering job losses in May. Fred Katayama reports.

Credit: Reuters Studio     Duration: 00:50Published
All 50 U.S. states reopening in varying degrees [Video]

All 50 U.S. states reopening in varying degrees

As of Wednesday, all 50 states were allowing some level re-openings for certain businesses, with some moving before meeting federal guidelines. This report produced by Chris Dignam.

Credit: Reuters - Politics     Duration: 01:49Published
Japan sinks into recession, worst yet to come [Video]

Japan sinks into recession, worst yet to come

Japan has slipped into recession for the first time in four and a half years, putting the nation on course for its deepest postwar slump as the global health crisis continues taking a heavy toll on..

Credit: Reuters Studio     Duration: 01:26Published
Worst Wall Street week since March ends with a rally [Video]

Worst Wall Street week since March ends with a rally

U.S. stocks clawed back losses for a second day in a row in a volatile session but Friday's gains were not enough to stop the week from the biggest stock market drop since March. Conway G. Gittens has..

Credit: Reuters Studio     Duration: 02:10Published
Retail sales drop record 16.4% in April [Video]

Retail sales drop record 16.4% in April

U.S. retail sales suffered a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home. As Fred Katayama reports, it puts the U.S. economy on track for..

Credit: Reuters Studio     Duration: 01:17Published
Germany: infections rise as restrictions ease [Video]

Germany: infections rise as restrictions ease

Germany reported on Monday that new coronavirus infections were accelerating exponentially after early steps to ease its lockdown, news that sounded a global alarm even as businesses opened from Paris..

Credit: Reuters Studio     Duration: 02:23Published
Wall Street jumps despite historic job losses [Video]

Wall Street jumps despite historic job losses

Stocks on Wall Street jumped Friday despite historic job losses suffered by the economy. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:36Published
Pandemic slams healthcare jobs [Video]

Pandemic slams healthcare jobs

The steep plunge in U.S. payrolls caused by the pandemic also slammed the healthcare sector, as many workers in dentists' and doctors' offices lost their jobs. Fred Katayama reports.

Credit: Reuters Studio     Duration: 02:00Published
U.S. job losses in April worst since Great Depression [Video]

U.S. job losses in April worst since Great Depression

The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has..

Credit: Reuters Studio     Duration: 01:07Published
Steps To Take If You Are Laid Off [Video]

Steps To Take If You Are Laid Off

According to the US Bureau of Labor Statistics, the US unemployment rate jumped to 14.7% in April, the highest level since the Great Depression. Over 47 million Americans could lose their jobs in the..

Credit: Wochit News     Duration: 00:45Published
Unemployment Rate Hits A Historic 20.5 Million [Video]

Unemployment Rate Hits A Historic 20.5 Million

According to Reuters the U.S. economy lost 20.5 million jobs in April- a historical loss, with the deepest plunge in payrolls since the Great Depression. It is the latest indication of how big of an..

Credit: Wochit News     Duration: 00:35Published
Trump's Economic Adviser Warns Of US Hitting Double-Digit Negative Growth [Video]

Trump's Economic Adviser Warns Of US Hitting Double-Digit Negative Growth

President Donald Trump’s economic adviser warned the U.S. may hit double-digit negative growth. Kevin Hassett also warned the U.S. unemployment rate may rise to 16-17%. According to Business Insider,..

Credit: Wochit News     Duration: 00:32Published
Wall Street Down As Oil Crash Adds To Fears [Video]

Wall Street Down As Oil Crash Adds To Fears

(Reuters) - Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies foreshadowed the worst economic slump since the Great Depression...

Credit: Wochit News     Duration: 00:38Published
Oil crash pummels stocks [Video]

Oil crash pummels stocks

Stocks on Wall Street plummeted Tuesday as oil prices hit a two-decade low a day after some U.S. crude oil futures turned negative for the first time ever, underlining worries about deep economic..

Credit: Reuters Studio     Duration: 01:22Published
COVID-19: World economy in 2020 to suffer worst year since 1930s Great Depression, says IMF [Video]

COVID-19: World economy in 2020 to suffer worst year since 1930s Great Depression, says IMF

The International Monetary Fund has given a bleak assessment in its World Economic Outlook briefing on COVID-19.View on euronews

Credit: euronews (in English)     Duration: 01:50Published
World Trade Org Warns What Coronavirus Pandemic Could Mean For The US [Video]

World Trade Org Warns What Coronavirus Pandemic Could Mean For The US

The World Trade Organization says that due to the coronavirus pandemic, global trade is likely to fall between 13% and 32%. According to Business Insider, the WTO warns that in a worst-case scenario,..

Credit: Wochit News     Duration: 00:38Published
IMF: coronavirus pandemic will cause worst economic slump since Great Depression [Video]

IMF: coronavirus pandemic will cause worst economic slump since Great Depression

IMF: coronavirus pandemic will cause worst economic slump since Great Depression

Credit: Euronews English     Duration: 01:47Published

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