Economic Recession

The Bank of England kept its base interest rate at the all-time low of 0.5 percent last week and did not approve any additional monetary stimulus, despite Britain’s fall back into recession,...

Portugal Parliament has approved a government proposal to scrap four annual public holidays from next year in an effort to improve the country’s economic competitiveness. After a decade of scant...

In a healthy job market, however, the ratio is usually about 2-to-1. Improving prospects may lure more workers into the labor market and help the world’s largest economy cut into the 5 million-job...

Meanwhile, the average price, for previously owned and new homes, increased by 4.76 percent compared with March 2011, reaching $146,920. Prices in the region had peaked in 2006, then declined...

Analysts expect the government will report Friday that employers added 163,000 jobs in April, according to a survey by FactSet. The unemployment rate is expected to stay at 8.2 percent. Paul...

Still, more recent data suggest the decline may be temporary. The Commerce Department said Wednesday that orders for factory goods fell 1.5 percent, the steepest decline since March 2009, when the...

The manufacturing news jolted stock indexes out of a morning stupor, although the gains waned throughout the afternoon. The Dow added 65.69 points to 13,279.32, its highest closing mark since Dec....

YORK News that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances Monday and nudged stocks lower. The Standard & Poor’s 500 index slipped 5.45...

In 2009 and 2010, total nationwide health-care spending grew at less than 4 percent per year, the slowest annual pace in more than five decades, according to the latest numbers from the Centers...