Recession
Discover the recession's impacts, causes, and trends on The Epoch Times | Stay informed with expert analysis and commentary on economic downturns
Recession | LATEST STORIES
UK Economy Shrinks in October Amid Production and Construction Falls
Output in the services sector—accounting for more than 80 percent of total UK economic output—recorded no growth in October.
Job Market Shows Mixed Signals as Layoffs Remain Low, Rehiring Slows
There were fewer layoffs last week but many more workers remaining on unemployment rolls, signaling hiring slowdowns and economic uncertainty.
Millions of Chinese Apply for Limited Supply of Government Jobs
Job applications in the public sector have hit a record high amid China’s unemployment crisis and gloomy economy.
US Manufacturing Slump Continues Amid Economic Uncertainty
America’s manufacturing sector continued its decline in September, with falling factory orders pointing to weak growth into 2025.
Worsening Geopolitical Conditions Could Have ‘Far-Reaching Effects’ on Human History: JPMorgan CEO
‘There is significant human suffering, and the outcome of these situations could have far-reaching effects,’ he says.
Major Wall Street Bank Lowers Chance of Recession, Citing Robust Jobs Data
Citing a strong September nonfarm payrolls report, Goldman Sachs has cut its recession forecast to 15 percent.
Factory Orders Decline in August as Manufacturing Woes Deepen
The deepening contraction in manufacturing is also weighing on employment.
US Consumer Confidence Nosedives Amid Growing Concerns Over Job Security
U.S. consumer confidence plummeted in September as job security concerns and a weakening labor market fueled growing economic pessimism.
Treasurer Says National Debt Cut by $149 Billion
Treasurer Jim Chalmers is preparing to unveil a surplus as the government prepares for the release of the nation’s finances.
JPMorgan CEO Hints at Looming Crisis Worse Than Recession
Jamie Dimon said stagflation, a threat worse than recession, remains a real possibility for the U.S. economy.
Australia Records Lowest GDP Growth Numbers Since the 1990s
Household saving ratio hit its lowest in years while government spending was up.
Dow Plunges More Than 600 Points as Weak Manufacturing Data Fuel Slowdown Fears
The U.S. manufacturing sector recorded a decline in production for the first time in seven months.
Jobless Claims Climb as Manufacturing Hiring Stalls
Unemployment claims rose last week, while US manufacturing hiring stalled, highlighting growing concerns about labor market stability.
Goldman Sachs Revises US Recession Probability Down to 20 Percent
The probability could be lowered further if the August jobs report is ‘reasonably good,’ an economist said.
US Housing Starts Plummet to 4-Year Low, Signaling Deepening Market Challenges
New housing construction in the U.S. hit its lowest level in more than four years, amid high borrowing costs and house prices.
Paramount Starts Cutting 15 Percent of US Workforce
Paramount has launched its workforce-reduction plan, cutting 15 percent of US staff to save $500 million amid industry challenges.
Job Security Concerns Grow as Probability of Finding New Employment Dips
A New York Fed survey shows rising job insecurity and growing debt concerns, signaling increasing challenges for US consumers.
Bank of America Reverses Recession Call, but Warns of ‘Very Negative’ Consumer Spending Risk
Bank of America CEO Brian Moynihan remains optimistic about avoiding a recession, but warns of risks if consumer spending continues to decline.
