great recession

The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn.

The U.S.'s largest financial institutions have enough armor to withstand the turmoil of a major and prolonged U.S. and global recession, the Federal Reserve said Thursday.

Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.

A statewide survey out of Stockton University takes a snapshot of New Jerseyans' thoughts on their own finances and the economic status of the Garden State, and the results are depressing.

It was a year that experienced the loss of 2.6 million jobs nationwide. The unemployment rate ended the year at its worst level since the early 1990s. But for millions of young adults, it was still their turn to come out of college and enter the labor market.

It is no secret that New Jersey's recovery from the recession is lagging far behind neighboring states. Democratic legislators have consistently blamed Gov. Chris Christie. At a Senate Budget Committee hearing on Tuesday, Christie's treasurer was asked about the topic and laid out several reasons for the Garden State's slow rebound.

New Jersey tied Washington D.C. for the top spot in the country for wealth, according to a recent study.

NEW YORK (AP) -- When the economy tanks, women have fewer babies. But what happens in the following years, when conditions improve?

Good news from New Jersey's housing front: the number of new construction permits has jump-started this year so far to its best level since 2007.

WASHINGTON (AP) -- Five years after the Great Recession officially ended, most states, including New Jersey, still haven't regained all the jobs they lost, even though the nation as a whole has.