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News Summary: Eurozone recession drags on

DUBIOUS RECORD: The eurozone is now in its longest recession, a six-quarter slump that has topped the downturn that hit the region in the financial crisis of 2008-9. Full story

Eurozone's struggling economies mired in recession

The eurozone is stuck in recession — its longest since the euro was founded in 1999. The latest figures from the European Union's statistics office show that the economy of the 17 EU countries that use the euro shrank for a sixth straight quarter, slumping by 0.2 percent in the January-March period Full story

Futures dip as France slips into recession

Stock futures dipped Wednesday as another nation in Europe sank into recession and the economic contraction for the entire European Union stretched into its sixth straight quarter. Full story

Hungary returns to growth but Czech downturn deepens

PRAGUE (Reuters) - Hungary's economy unexpectedly broke out of recession in the first quarter and Romania expanded faster than forecast, but their regional peer the Czech Republic plunged deeper into its longest downturn in two decades. Full story

Poland narrowly dodged recession in first quarter

WARSAW (Reuters) - Poland came within a whisker of sliding into its first recession since the 1990s at the start of this year, barely registering any growth in the past two quarters as one of Europe's few economic success stories collapsed. Full story

Eurozone growth hopes emerge after industrial data

A larger-than-expected increase in industrial production across the 17 European Union countries that use the euro has raised hopes that the recession in the currency bloc has eased or even ended. Full story

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Video

  Disability Claims Jump

Since the end of the recession, more people have gone on disability insurance than have joined the labor force. Jim Pethokoukis, American Enterprise Institute; and the "Kudlow Report" crew, weigh in.

  Young and jobless: The new reality for millennials

Tomorrow Magazine’s Nona Willis Aronowitz joins the Melissa Harris-Perry panel to talk about whether there are two fundamental classes of millennials and what it’s like to graduate in the middle of a recession.

  Are Spending Cuts Pro-Growth?

Since the recession bottom in June of 2009, federal, state and local jobs have fallen 740,000. Meanwhile, private sector jobs have increased 5.2 million in the same time. The "Kudlow Report" crew discuss.

  Families struggling for work-life balance

A new study from the Pew Research Center released Thursday found 37 of mothers say they want to work fulltime, due in large part to the recession and financial insecurity. In addition, workplace priorities are different for men and women, with women valuing flexibility and men valuing salary.  NBC’s

  ECRI: US is in a Recession

Although the Dow hit an all-time record high, Lakshman Achuthan, Economic Cycle Research Institute (ECRI), says the U.S. economy remains in recession.

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Related Photos

A man walks through the Retiro park in Madrid
A man walks through the Retiro park in Madrid

A man walks through the Retiro park in Madrid January 10, 2013. Recession-hit Spain kicked off a tough 2013 funding programme on Thursday with a well-received debt auction that raised 5.8 billion euros, selling above its target range at lower borrowing costs. REUTERS/Paul Hanna (SPAIN - Tags: BUSI

The logo of the European Union and the word recession are displayed on the screen an iPad and a LCD monitor in Zenica
The logo of the European Union and the word recession are displayed on the screen an iPad and a LCD monitor in Zenica

The logo of the European Union and the word recession are displayed on the screen an iPad and a LCD monitor in Zenica November 16, 2012. REUTERS/Dado Ruvic

Herat's stability seems threatened.
Herat's stability seems threatened.

Merchants attract crowds to the narrow streets of the bazaar in Herat, Nov. 1, 2012. Herat is being shaken by whispers of violence, tremors of economic downturn, calls by a local strongman to rearm against the Taliban and conservative opposition to modernization.

The recession has left many abandoned and unfinished housing projects such as this one in Athy, Co.Kildare.