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.
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..
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..
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..
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..
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..
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..
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,..
(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...
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,..