Business: Relief

The many aches that the U.S. economy has suffered for more than a year have been less notable for their severity than for their variety. The nation has had a bad case of pernicious inflation, sagging production, swelling unemployment and choking interest rates. Fortunately, relief now seems to be on the way. Except for unemployment—currently 5.1% and widely expected to go at least a bit higher in coming months—the major pains are easing. A production recovery seems to be under way, although it may be retarded by the strike at General Motors. And last week brought news of significant declines in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!