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Recession Briefing 9.8: More Meals on Wheels

What you need to know today to survive and thrive in the recession.

With the economic downturn, restaurateurs have struggled to find funding to open full-scale restaurants — so many are opening gourmet food trucks instead. (Reuters)

El Centro, California, now has the highest rate of unemployment in the nation, at 30.2%. (NPR)

Like the Great Depression in the 1930s, the Great Recession seems destined to turn many Americans into lasting coupon-cutters, scrimpers and savers. (Associated Press)

A new study shows a sharp decline in the number of migrants seeking work abroad as a result of the recession. The research shows that the number of Mexicans moving to the United States has fallen by 40% since 2006. (BBC)

The teenage unemployment rate is at 25.5 percent, its highest level since the Bureau of Labor Statistics began keeping track of such data in 1948. (New York Times/Economix)

Despite all the recent positive indicators, nearly 90 percent of Americans believe we are still in a recession. (Agence France Presse)

Nearly 90 percent of all new home loans are now funded or guaranteed by taxpayers. (Washington Post)

Many of the millions who have stopped looking for a job want one — but their inability to find a position has made them perhaps the ultimate embodiment of pessimism as this recession wears on. (New York Times)

At the end of June about one-sixth of all construction loans were in trouble. With more than half a trillion dollars in such loans outstanding, that represents a source of major losses for banks. (New York Times)

Although the pace of layoffs has slowed, fear of job loss is crimping consumer spending, experts say. (Los Angeles Times)

(If you come across a good article or blog post about the recession pass it on. To receive Recession Briefing in your inbox, subscribe to our daily email.)

Tags: economy, jobs, real estate, recession, restaurants, teens