The 'Great Recession' may be over, but like a hurricane that has battered a coastal city, the wreckage left behind will take years to fix.

Anthony Chan is a cautious optimist. He is optimistic that the equity markets will continue to improve in 2010. But he's cautious, too — because the same level of improvement won't be felt on Main Street.

The near-term outlook for the national economy continues to improve, but full recovery will be slow in coming, says Lee McPheters, editor of Economy@W. P. Carey. After decreasing this year, Gross Domestic Product (GDP) is expected to grow next year, but hundreds of thousands mo

Most are aware that the official unemployment rate tells only part of the story. Lee McPheters, in the lead story of the Western Blue Chip Economic Forecast, writes that the U.S.

The Phoenix area was the nation's weakest large labor market in July, according to figures recently released by the U.S. Bureau of Labor Statistics.

Roger Myerson, a Nobel Laureate in Economics from the University of Chicago, told an audience of Chinese business executives and government officials recently that their country might do better if it liquidated some of its American investments.

A recent internet poll posted on the Money magazine web site asked "When will the U.S. economy improve?" The answer from 80 percent of those responding was that the economy will improve no sooner than next year, or even later.

For decades, insurance companies have been pricing policies based on the belief that adverse selection comes into play among their customers.

Nobody would claim the U.S. economy is healthy right now. After all, we are in the worst contraction since the Great Depression, and poor numbers are being posted for almost every economic indicator.

The U.S. unemployment rate went up again in June, rising to 9.5 percent (seasonally adjusted).