Recessions and depressions

FILE - This Feb. 16, 2017 file photo shows newborn babies in the nursery of a postpartum recovery center in upstate New York. Women in the United States gave birth last year at the lowest rate in three decades, a trend that could weigh on economic growth in future decades. The number of babies born in the U.S. has fallen for three straight years, and as births decline and the population ages, fewer Americans are available to work or start businesses, thereby slowing the economy. (AP Photo/Seth Wenig, File)
May 17, 2018 - 4:16 pm
WASHINGTON (AP) — Women in the United States gave birth last year at the lowest rate in 30 years, a trend that could weigh on economic growth in the coming decades. The Center for Disease Control and Prevention's National Center for Health Statistics said Thursday that the number of U.S. babies...
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FILE - In this Jan. 10, 2018 file photo, Gov. Jerry Brown responds to a question as he discusses his proposed 2018-19 state budget at a news conference in Sacramento, Calif. Brown is preparing to release his last state budget proposal. His revised spending plan to be published Friday, May 11, 2018, will kick off a month of negotiations with the Legislature about how to spend a growing budget surplus. (AP Photo/Rich Pedroncelli, File)
May 11, 2018 - 1:57 pm
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown proposed a $137.6 billion general fund budget for California Friday amid surging revenues, kicking off his last round of negotiations with Democratic legislative leaders. Brown's latest budget is up nearly $6 billion from his earlier proposal in January...
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FILE- In this Feb. 20, 2018, file photo, construction workers work in midtown Manhattan in New York. U.S. productivity grew at an annual rate of 0.7 percent in the first three months of 2018, a weak reading but a slight improvement from the previous quarter.(AP Photo/Seth Wenig, File)
May 04, 2018 - 4:18 pm
WASHINGTON (AP) — The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many. Yet the very sluggishness of the economic expansion helps explain why it's now the second-longest on record and why more of the...
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May 04, 2018 - 4:17 pm
SACRAMENTO, Calif. (AP) — California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday. California's gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said...
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Principal Shawn Duguid welcomes a student back to Oakwood Elementary School after a statewide Arizona teachers strike ended Friday, May 4, 2018, in Peoria, Ariz. Hundreds of thousands of Arizona schoolchildren returned to classes Friday a day after state lawmakers approved 20 percent raises for teachers and they ended a six-day walkout that shuttered most classrooms around the state. (AP Photo/Ross D. Franklin)
May 04, 2018 - 12:01 pm
PHOENIX (AP) — Hundreds of thousands of Arizona schoolchildren returned to classes Friday a day after state lawmakers approved 20 percent raises for teachers and they ended a six-day walkout that shuttered most classrooms around the state. Teachers at a high school in the Phoenix suburb of Mesa...
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With the Arizona Capitol in the background, thousands of teachers continue to protest Thursday, May 3, 2018, in Phoenix. After an all night legislative budget session the legislature passed the new education spending portion of the budget and Republican Gov. Doug Ducey signed that part of the budget. (AP Photo/Ross D. Franklin)
May 03, 2018 - 10:00 pm
PHOENIX (AP) — The Arizona governor signed a plan Thursday to give striking teachers a 20 percent pay raise, ending their six-day walkout after a dramatic all-night legislative session and sending a majority of the state's 1 million public school students back to the classroom. Gov. Doug Ducey's...
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FILE - This June 19, 2015, file photo shows the Marriner S. Eccles Federal Reserve Board Building in Washington. The central bank is meeting this week as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear generally supportive of the Fed’s cautious approach to rates since the Great Recession ended. (AP Photo/Andrew Harnik, File)
May 02, 2018 - 3:13 am
WASHINGTON (AP) — The Federal Reserve achieved an inflation milestone this week, but that isn't likely to alter expectations for what the Fed will announce when its latest policy meeting ends Wednesday. After six years of mostly missing its annual 2 percent target for inflation, the Fed learned...
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April 30, 2018 - 6:44 pm
WASHINGTON (AP) — The Treasury Department announced Monday that the government borrowed a record $488 billion in the January-March quarter, but officials expect borrowing needs will decline sharply for the current April-June quarter. Treasury said that actual borrowing in the first quarter exceeded...
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Teachers rally outside the Capitol, Friday, April 27, 2018, in Phoenix, on their second day of walkouts. Teachers in Arizona and Colorado walked out of their classes over low salaries keeping hundreds of thousands of students out of school. It's the latest in a series of strikes across the nation over low teacher pay. (AP Photo/Matt York)
April 27, 2018 - 11:27 pm
PHOENIX (AP) — As thousands of teachers and supporters gathered at the Arizona Capitol to protest inadequate public school funding for a second day Friday, Gov. Doug Ducey again skipped the chance to address them. Instead, the Republican governor's public relations machine sent out links to a...
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FILE- In this April 9, 2018, file photo a cashier rings up a purchase at a store in Salem, N.H. On Friday, April 27, 2018, the Labor Department releases the employment cost index for the first quarter, a measure of wage and benefit growth. (AP Photo/Elise Amendola, File)
April 27, 2018 - 9:34 am
WASHINGTON (AP) — U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages. The Labor Department said Friday that its employment cost index shows wages and salaries in the private sector...
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