By Joe Springer: The stock market has had quite a bull run since the Great Recession lows of 2009: (click to enlarge S&P 500 (SPY) chart) Has it gone too far, too fast? Is it time to get out? Timing the broad market moves can be difficult. Show More Summary
The US unemployment rate has been painfully high in the Great Recession and its aftermath, but the high unemployment rates of the early 1980s look even worse--at least at first glance. However, the 1970s and 1980s were a time when aShow More Summary
Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands of jobs, cutting lobby services, shutting down branches and trimming–or eliminating–debit card rewards. Is it [...]
Britain's economy is a riddle, wrapped in a mystery, inside an enigma. And finally, six years later, it's an economy that's bigger than it was before the Great Recession. Now, on the one hand, there's nothing puzzling about Britain's slow-motion recovery. It had a big boom, a big bust, and big austerity. Given all this, […]
In 2005, three years before the Great Recession, the median black household had a net worth of $12,124. Yes, this was far behind the median white household—which had a net worth of $134,992—but it was a huge improvement from previous...Show More Summary
The office market in Los Angeles County is picking up, even in long-suffering downtown L.A., as businesses once chastened by the Great Recession are opening up their purse strings.
It’s becoming increasingly clear that Congress won’t address the border crisis until sometime after its upcoming August recess. The gulf between the House and Senate border crisis proposals is too great and the timeline too short, members and congressional aides indicated this week. MoreObama to Sign Bill Improving Worker TrainingSchool Administrators: Kids Like Healthy Lunches…
It's no secret Illinois is having a rough time creating jobs, which arguably will be the foremost important issue when voters head to the polls in November. Nationally, Illinois ranks 42nd for job creation since the end of the GreatShow More Summary
By Jason Russ: Introduction Whether or not you think the next bear market is right around the corner, it is inexorably on the way. It has been over five years since the official end of the Great Recession and many people think that the US markets are due for a downturn sooner rather than later. Show More Summary
Dead last in the nation: In June, Illinois suffered the largest monthly workforce loss in recorded state history.June’s workforce loss was worse than the worst month of the Great Recession. Overall, 21,700 Illinoisans gave up and left the workforce in June; in September 2008, 17,500 Illinoisans quit the workforce. Show More Summary
Via the SF Fed: The Wage Growth Gap for Recent College Grads, by Bart Hobijn and Leila Bengali, FRBSF Economic Letter: Starting wages of recent college graduates have essentially been flat since the onset of the Great Recession in 2007....
By Ashleigh Rogers: Few companies took more advantage of the Great Recession than London-based insurance brokerage Aon PLC (NYSE:AON). During 2008, the company went on an acquisition binge buying more than 30 companies. While Aon's profits...Show More Summary
The Great Recession of 2009 hit Americans hard. But now that the economy has recovered and more Americans are employed, a new problem has arisen: underemployment. Some have even gone so far as to say we've entered "Part Time America."...Show More Summary
By Brad DeLong: Over at the Equitablog: John Fernald: Productivity and Potential Output Before, During, and After the Great Recession: "U.S. labor and total-factor productivity growth... ...slowed prior to the Great Recession. The timing...Show More Summary
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which mainly focused on strengthening the U.S. banking and financial system in the wake of the Great Recession, included a lesser-known provision.
In January of 2009, Barack Obama assumed the U.S. presidency in the midst of the most severe recession since the great depression of the 1930s. While many Americans hoped the new administration would take an active role in providing relief for those harmed by the economic collapse, a "Tea Party" movement emerged to oppose Obama's agenda. read more
Simon Wren-Lewis: Further thoughts on Phillips curves: In a post from a few days ago I looked at some recent evidence on Phillips curves, treating the Great Recession as a test case. I cast the discussion as a debate between...
With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the last 25 years.
Employment in the U.S. has made substantial gains since the end of the Great Recession. The headline unemployment rate continues to decline, and so does the “underemployment” rate, which adds in discouraged workers who have quit the job hunt, as well as those who want to work full-time but can only find a part-time position.
The cradle-to-prison pipeline and the sharp decline in employment opportunities during the Great Recession remain very real for black men.