Recession Coverage

How immigrant workers in US have helped boost job growth and stave off a recession

How has the economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates to fight inflation -- normally a recipe for a recession? Increasingly, the answer appears to be immigrants.

Good Economy, Negative Vibes: The Story Continues

When it comes to economic news, we've had so much winning that we've gotten tired of winning, or at any rate blasé about it. Last week, we got another terrific employment report -- job growth for 39 straight months -- and it feels as if hardly anyone noticed. In particular, it's not clear whether the good news will dent the still widespread but false narrative that President Joe Biden is presiding over a bad economy.

Paul Krugman, New York Times

What recession? Professional forecasters raise expectations for US economy in 2024

This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.

Recession risks are fading, business economists say, but political tensions pose threat to economy

Just a quarter of business economists and analysts expect the United States to fall into recession this year.

Walden: What went right to avert recession in 2023?

The question for 2024 is, are we are now back to the traditional economic rules?

The US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades.

If a recession hits ... here are some techniques for protecting your portfolio

Markets retreat as fears of an entrenched “higher for longer” monetary regime saps earlier confidence in the “soft-landing” scenario. So how should you protect your investments?

Recession warning: More bank CEOs warn a slowdown is on the horizon

Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead. Here's the latest.

Recession coming in 2024? 7 experts weigh in

Recession coming in 2024? 7 experts weigh in

5 On Your Side reached out to seven economists to hear their thoughts on a potential upcoming recession. Their collective opinion is unanimous: a recession looms on the horizon.

Keely Arthur, WRAL consumer reporter

Will America see a recession in 2024? Experts share their thoughts

An economist who accurately predicted the 2022 economy weighs in on what he thinks is in store for 2024.

New jobs report expected to provide answers about possible recession

In just a few hours, we will get new data about the nation's jobs growth that will help answer the question about whether we will slide into a recession. An NC State economist told WRAL News why he expects Friday's report to be good news.

Will IT industry survive another recession? Be prepared. Make sure your digital footprint is up to date

As we continue to hear this rather gloomy economic outlook, and continue to see reports of widespread layoffs in the “tech sector,” one can’t help but wonder if the industry is resilient enough to survive. Here we go again.

Recession still lurking as debt crisis lingers, economists warn

US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday.

Recession coming? 75% of us are worried – here’s how to prepare, from jobs to finances

An alarming 55% of Americans said they’d lose everything if there was a recession. By the traditional definition, the U.S. […]

Mixed economic signals: Unemployment claims fall but US growth falls to 1.1%

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. However, the U.S. economy is slowing.

Walden: 3 options for economy are slow, no or negative growth

NC State professor emeritus and economist Dr. Mike Walden is tracking key indicators he says point to a recession.

A 'turning point' on jobs: Soft landing for economy or recession?

Indicators that sensational job growth since the COVID pandemic is coming to a close are becoming more obvious, one bad sign being a drop of 800 jobs in Durham-Chapel Hill according to the latest North Carolina employment report. But there are others. Is a recession coming as hiring slows and interest rate hikes continue to bite?

Goldman Sachs is not worrying about a recession in 2023

Goldman Sachs is predicting the economic climate for 2023, as the bank’s investment strategy group is predicting heavy fog for the economy in 2023.

A recession without job losses? That's real possibility, says NC State economist

Friday's U.S. jobs reports show many positives - from growth in jobs to a drop in unemployment to labor participation rate - leaving economists such as Dr. Mike Walden of N.C. State wrestling to get a handle on the report's impact.

UNC economist: Thursday's jobs report signals a recession is coming in 2023

Job openings remain high across the Triangle and across the United States, which is leading to better-than-expected hiring across the U.S. economy.

2023 economic outlook from UNC economist

Economist Gerald Cohen with UNC's Kenan Institute shares insight on the job market, interest rate increases and other economic factors that will shape 2023.

If recession hits global economy these 3 factors will be likely causes

Whether a global recession materializes may come down to three factors: what central banks do next, the consequences of China's nascent reopening and energy prices. Here's how each of these variables could dictate the year ahead.

Prices are up, but so was holiday spending; 2023 economic outlook uncertain

What impact with inflation and riding interest rates have in 2023? Economists see mixed signals.

White House cautiously optimistic over economy in 2023: 'Absolutely no sign' job growth will tumble or unemployment will spike

As Wall Street and Main Street fret about a potential recession, White House officials are projecting confidence about the economy's ability to weather the storm in 2023.

By Matt Egan and Maegan Vazquez, CNN