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By every measure, except foreclosures, the housing market has stabilized and many areas are recovering, according to a spate of data released in the past two weeks. (Los Angeles Times)
Families are expected to spend 8 percent less on back-to-school purchases, including everything from new shoes to dorm room gear, the National Retail Federation forecasts. Also, Recessionwire: 10 stores offering deals. (Associated Press)
Strapped local and state governments are still spending on at least one activity: seeking stimulus money. (Wall Street Journal)
The number of Americans not paying their property taxes amid the recession and the brutal housing collapse has increased sharply. (USA Today)
The global economy is still in a recession that won’t end until the end of the year, said New York University economist Nouriel Roubini. Also, Recessionwire: Roubini’s prediction parsed. (Bloomberg)
Long after President Barack Obama’s first term ends in 2013, millions of U.S. families will still be paying the price for the recession. More and more people are facing long-lasting unemployment. (Reuters)
The recession isn’t sparing the adult entertainment industry. Strip clubs and shops that sell adult merchandise Southwest Florida have reported as much as a 50 percent drop in business. (South Florida News-Press)
Ten states covering a long swath of middle America, from the Great Plains south to Texas, have thus far made up a “safe zone,” relatively sheltered from the recession. But the safe zone is shrinking. (Associated Press)
Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record. (Associated Press)
The high unemployment rate has provided an unexpected boon for the nation’s public schools: legions of career-switchers eager to become teachers. (Washington Post)
