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U.S. Economy

Reuters - New York City's current recession, though "quite severe" for people who lost their jobs, looks surprisingly shallow and brief when compared with previous downturns, a report said on Friday.
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Reuters - The Federal Reserve's unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials said on Friday.
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AP - A University of Hawaii study released Friday found signs of economic recovery for the state but also determined that the pace will be slow.
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AP - Gov. Jennifer Granholm said Friday the legacy of her eight embattled years as governor will be a more diverse Michigan economy, although she acknowledges some of the benefits won't be seen for years.
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A sign is displayed in front of a foreclosed home on March 12 in Bridgeport, Connecticut. President Barack Obama's administration on Friday unveiled revamped plans to help millions of US homeowners struggling to stay afloat amid high unemployment and slumping house prices.(AFP/Getty Images/File/Spencer Platt)AFP - President Barack Obama's administration on Friday unveiled revamped plans to help millions of US homeowners struggling to stay afloat amid high unemployment and slumping house prices.


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Robert Stoler works to remove graphite and other impurities from a small gold ingot while refining recycled jewelry at Dvir & Stoler Refining in New York March 25, 2010. REUTERS/Lucas JacksonReuters - The U.S. economy grew at a slightly less brisk pace in the fourth quarter than previously estimated and the momentum is expected to slow this year as a boost from inventories fades.


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In this file photo made March 3, 2010, a Costco employee cooks chicken at Costco in Mountain View, Calif. The Commerce Department says the economy grew at a 5.6 percent pace in the October-to-December quarter in its third and final estimate of economic activity for the period.(AP Photo/Paul Sakuma, file)AP - The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon.


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AP - GOLDEN GAIN: Gold prices rose Friday as the dollar weakened against the euro. Gold and other metals also benefited from a government report that showed manufacturing helped the economy grow late last year.
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