To write “Nomadland,” Jessica Bruder spent three years traveling and working alongside grandparents and others living in school buses and vans seeking seasonal work.
Ever since the great recession of 2008/2009, economists have grown increasingly perplexed by the lack of real wage growth in the U.S. economy despite improving unemployment trends. Even with a 4.4% unemployment rate, real wage growth...Show More Summary
GUEST: During the 2016 election, President Donald Trump ran on the idea that small towns in America have been left behind. He understood that, while overall economic indicators suggest recovery from the Great Recession, many parts of the country are still struggling to create jobs. He tapped into the frustration felt by the Heartland fighting to […]
The classic rationale for flexible exchange rates was that policymakers would be unconstrained by currency targets. The Great Recession, however, saw numerous central banks constrained instead by the zero lower bound. This column considers which exchange rate regime is best for small open economies in a global recession. Show More Summary
This week, the Census Bureau reported some bright news: Middle-class incomes rose last year to the highest level ever recorded, a long-awaited sign of healing from the Great Recession. Along gender lines, the numbers revealed a more complicated story. Women are closing the pay gap with men — the...
US Industrial Production fell -0.9% MoM in August, the worst decline since May 2009 during The Great Recession. The Federal Reserve blamed the decline on Hurricane Harvey. The post Industrial Production Falls -0.9% MoM In August (Worst Since May 2009), But +1.54% YoY [Hurricane Harvey?] was originally published at The Wall Street Examiner. Follow the money!
The Bureau of Labor Statistics said total manufacturing hires in July was the highest since December 2007, the first official month of the Great Recession. The sector hired 341,000 workers... The post Total Manufacturing Hires in July was Highest since the Great Recession appeared first on Shopfloor.
“The incomes of middle-class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade,” the Washington Post reports. “Median household [...]
By at least one measure, the great recession that started in December 2007 was officially recovered from by the time President Obama left office, the New York Times reports. According to Census Bureau figures released Tuesday, the median household income in America in 2016 was $59,039—an increase of...
In a stark reminder of the damage done by the Great Recession and of the modest recovery that followed, the median American household last year finally earned more than it … Click to Continue »
Apparel is currently one of the most fascinating categories within the Everyday Economy. It’s a $1T+ global industry undergoing tectonic shifts. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns. Show More Summary
The technology sector has expanded faster than any other industry in New York City since the Great Recession, setting a new employment record of 128,600 jobs last year, state Comptroller Tom DiNapoli... To view the full story, click the title link.
Detroit suffered greatly after the recession with a population growth slump, unimpressive job growth and neighborhoods filled with abandoned or foreclosed homes. Some buyers and investors immediately saw an opportunity to take advantage of rock-bottom prices, and it seems that the rest of the country is beginning to turn to "The Motor City" as a haven for affordable housing...
The Great Recession may be over, but eight years later we can still see the deep scars and unhealed wounds it left on the global economy. In an attempt to prevent an unpleasant revisit to the Stone Age, global governments have bailed out banks and the private sector. Show More Summary
More New Yorkers have reason to celebrate Labor Day than at any time since the Great Recession, a new report revealed.
The link between the rise in unemployment and the housing market in the US during the Great Recession is well documented. This column shows that in the case of Spain, the rise and fall in demand for construction workers following developments within the housing market had a big impact earnings inequality as well as employment. Show More Summary
``But it is not just Greece that has paid. If Auerbach and Gorodnichenko are right, then the policy path since 2010 has been wrong for many more countries. They have truncated their recoveries and hurt their populations by embarkingShow More Summary
U.S. job growth slowed in August as employers added 156,000 jobs, still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession. The unemployment rate ticked up from 4.3 percent to a still-low 4.4 percent, the Labor Department...
It’s official – Americans owe a ton of money in credit card debt. Actually, it’s more than a ton: it’s $1 trillion, which is even more than the previous high set in April 2008 just before the Great Recession, according to Federal Reserve data. Show More Summary
Over at [Equitable Growth](http://EquitableGrowth.org): Must- and Should-Reads: Alan J. Auerbach and Yuriy Gorodnichenko: FISCAL STIMULUS AND FISCAL SUSTAINABILITY: "The Great Recession and the Global Financial Crisis have left many developed countries with low interest rates and high levels of public debt... Show More Summary