FEDERAL RESERVE INCOMPETENCE: The Sleeper Campaign Issue of 2016? Since the Great Recession ended in 2009, the recovery has been slow and painful. Wages have been so stagnant that the average American family earns $1,000 a year less in income than it did in 2008. That’s why some two-thirds of people believe that their children […]
Sociologist Jennifer Laird was researching unemployment among Mexican immigrants when she came upon some interesting numbers on black workers in the public sector and employment effects of the Great Recession. It piqued her interest and so she decided to keep digging.
Generally, residents of New Orleans are “remarkably optimistic” about its recovery and future. Partly because the city had just begun to recovery from Hurricane Katrina when the Great Recession began, it suffered less job loss relative to its pre-recession state and GDP actually grew 3.9% between 2008 and 2011. No other southern metropolitan area cracked 2% in the […]
Since the onset of the Global Crisis, a number of central bank reforms have been implemented. This column suggests that since the Crisis, a silent restoration towards lower central bank independence might have been in place. The trend is more pronounced in non-OECD countries and, in particular, for the level of operational independence. Show More Summary
Since the Great Recession, postponing retirement is becoming more common in some professions, including higher education. A new survey shows two thirds of college professors now plan to work past the age of 67. That trend comes withShow More Summary
Five of the 20 most congested stretches of road in the U.S. are in the Chicago area, according to a new study that concludes that traffic has rebounded completely from the Great Recession - and that motorists are paying the price.
During the Great Recession, the government laid off a striking number of black women, a new study shows. For a report released Monday, Jennifer Laird, a sociologist at the University of Washington, examined changes in government unemployment before, during, and after the recession. Show More Summary
Labor Day is a time to honor America’s workers and their contributions to the economy. Unfortunately, while the nation as a whole continues to recover from the Great Recession, the recovery remains incomplete; its benefits have not yet reached many Americans in important ways.
Nothing particularly surprising here -- the Great recession was unusually severe and unusually long, and hence had unusual impacts, but it's good to have numbers characterizing what happened: Great Recession Job Losses Severe, Enduring: Of those who lost full-time jobs...
"What we're seeing is a huge spreading of poverty, but potentially more problematic is a deepening of poverty."
A new study found that public-sector job cuts during and after the Great Recession disproportionately impacted African-Americans, especially women, and have increased racial disparity in the public sector.
College Educated Blacks And Hispanics Have Seen Income Shrink A college degree was not enough to shield blacks and Hispanics from financial decimation during the Great Recession, according to a new report from the St. Louis Federal Reserve. Via
It took less than a year for America's factory output to rebound from the 1991 recession. It took three and a half years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn't returned to the pre-crisis levels it reached in 2007, according to revised economic data from […]
Note: CR is on vacation, and I will return on Sunday, August 23rd.In early 2009, many analysts were predicting the 2nd Great Depression. However I started seeing some positive signs... and I was able to call the end of the recessionShow More Summary
Growing trade deficits and the collapse of manufacturing output following the Great Recession are directly responsible for the loss of 5 million U.S. manufacturing jobs.
The average cost of textbooks and course materials fell by nearly $140 during the last school year from the beginning of the Great Recession, according to the National Association of College Stores.
If there was one virtue that China projected, it was an economy that could handle like a BMW, and go from 0 to 7.5% growth in 3 months. The 2008 global "great recession" appeared like a test drive. The globe appeared prepared to tolerate...Show More Summary
U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.
Not good news for New York, the Empire State. The Empire Manufacturing index slumped to its lowest level since The Great Recession. Plus, West Texas Intermediate Crude oil slipped below the $42 mark. Will this influence The Fed’s decision...Show More Summary
The Empire State Manufacturing Survey contracted in August at the steepest rate since the Great Recession. The composite index ofRead the Rest...