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Books of The Times: On the Road With the Casualties of the Great Recession

To write “Nomadland,” Jessica Bruder spent three years traveling and working alongside grandparents and others living in school buses and vans seeking seasonal work.

If You Like Your Stagnant Wages, You Can Keep Your Stagnant Wages

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

How Trump’s immigration policies could hurt the Heartland the most

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 […]

In a Great Recession, the case for flexible exchange rates is alive and well

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

The gender wage gap just shrank for the first time in a decade

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...

Industrial Production Falls -0.9% MoM In August (Worst Since May 2009), But +1.54% YoY [Hurricane Harvey?]

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!

Total Manufacturing Hires in July was Highest since the Great Recession

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.

Middle Class Incomes Hit New High In 2016

“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 [...]

Recession Officially Over for Median Household Income

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...

American household income finally topped 1999 peak last year

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 »

The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

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 fastest growing sector in New York bodes well for good-paying jobs in the city

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.

Hot damn! Detroit real estate is on fire (and it’s cheap)

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 world is becoming desperate about deflation

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

Jobs in New York reach 9.12 million, the highest since 2008

2 weeks agoNews : NY Daily News

More New Yorkers have reason to celebrate Labor Day than at any time since the Great Recession, a new report revealed.

Impact of the housing market on wage inequality in Spain

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

Fiscal Austerity After The Great Recession Was A Catastrophic Mistake - Coppola

``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. employers add 156,000 jobs in August; unemployment rate edges up to 4.4%

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...

4 Ways to Avoid Paying Interest on Credit Card Debt

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

Procrastination on August 30, 2017

Over at [Equitable Growth]( 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

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