UNEMPLOYMENT

Pimco's Bill Gross says a new recession in the U.S. is likely. Gross is manager of the world's largest bond fund. He says the decline in U.S. Treasury yields to 60-year lows reflects a high probability of a new recession, or a double-dip, in America.

Genna Saucedo supervises cashiers at a Wal-Mart in Pico Rivera, California, but her wages aren't enough to feed herself and her 12-year-old son.

The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,

Bachmann continues to pound away at Obama’s weak handling of the economy.

With the U.S. recovery having slowed considerably, and Europe debt woes persisting, investors will look to Fed Chairman Ben Bernanke's Jackson Hole, Wyo. speech later this week to provide clues regarding the central bank's evaluation of the economy, and at what point it thinks additional stimulus would be needed.

U.S. President Barack Obama said on Sunday he expects to be judged in the 2012 election over his governance of the American economy, which he said was still not growing fast enough.

A summary of all-things Washington for Monday, August 22, 2011.

President Barack Obama, perhaps seeking a break from harsh reality after a tough summer battling the economy and Republicans in Congress, has picked a summer reading list that is long on fiction.

A torrential rainstorm forced Pope Benedict to abandon a speech to hundreds of thousands of young people gathered at an aerodrome outside Madrid on Saturday.

A vacationing President Barack Obama accused Congress on Saturday of holding back the economic recovery by blocking common sense measures he said would create jobs and help growth.

Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.

The company has about 15,000 employees in the Charlotte area.

To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.

There are an estimated 7,000 Verizon workers on strike in the Garden State.

The overall economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better.

The strike of 45,000 Verizon workers is nearing the end of two weeks. Workers haven't received paychecks and on Aug. 31 they will lose health benefits if they remain on strike.

It goes without saying that a civilization and society as complex as the United States would have its share of myths and misnomers, so let's take a moment to dispel a few.

Presidential hopeful Rick Perry's brash appeal to the Republican Party's fiscally conservative base may fall flat with big donors who favor a more moderate candidate to challenge President Barack Obama in the 2012 election.

Unemployment rates increased in more than half of the U.S. states in July as the shaky national economy took its toll on jobs, Labor Department data released on Friday showed.

Bill Gross, manager of the world's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

Bill Gross, manager of the world's largest bond fund, said on Friday the rally in Treasury yields to 60-year lows reflect a high probability of recession in the United States.