Download or read book Unemployment and Employment Trends Before and After the End of Recessions written by and published by . This book was released on 2010 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Recession written by David B. Grusky and published by Russell Sage Foundation. This book was released on 2011-10-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Officially over in 2009, the Great Recession is now generally acknowledged to be the most devastating global economic crisis since the Great Depression. As a result of the crisis, the United States lost more than 7.5 million jobs, and the unemployment rate doubled—peaking at more than 10 percent. The collapse of the housing market and subsequent equity market fluctuations delivered a one-two punch that destroyed trillions of dollars in personal wealth and made many Americans far less financially secure. Still reeling from these early shocks, the U.S. economy will undoubtedly take years to recover. Less clear, however, are the social effects of such economic hardship on a U.S. population accustomed to long periods of prosperity. How are Americans responding to these hard times? The Great Recession is the first authoritative assessment of how the aftershocks of the recession are affecting individuals and families, jobs, earnings and poverty, political and social attitudes, lifestyle and consumption practices, and charitable giving. Focused on individual-level effects rather than institutional causes, The Great Recession turns to leading experts to examine whether the economic aftermath caused by the recession is transforming how Americans live their lives, what they believe in, and the institutions they rely on. Contributors Michael Hout, Asaf Levanon, and Erin Cumberworth show how job loss during the recession—the worst since the 1980s—hit less-educated workers, men, immigrants, and factory and construction workers the hardest. Millions of lost industrial jobs are likely never to be recovered and where new jobs are appearing, they tend to be either high-skill positions or low-wage employment—offering few opportunities for the middle-class. Edward Wolff, Lindsay Owens, and Esra Burak examine the effects of the recession on housing and wealth for the very poor and the very rich. They find that while the richest Americans experienced the greatest absolute wealth loss, their resources enabled them to weather the crisis better than the young families, African Americans, and the middle class, who experienced the most disproportionate loss—including mortgage delinquencies, home foreclosures, and personal bankruptcies. Lane Kenworthy and Lindsay Owens ask whether this recession is producing enduring shifts in public opinion akin to those that followed the Great Depression. Surprisingly, they find no evidence of recession-induced attitude changes toward corporations, the government, perceptions of social justice, or policies aimed at aiding the poor. Similarly, Philip Morgan, Erin Cumberworth, and Christopher Wimer find no major recession effects on marriage, divorce, or cohabitation rates. They do find a decline in fertility rates, as well as increasing numbers of adult children returning home to the family nest—evidence that suggests deep pessimism about recovery. This protracted slump—marked by steep unemployment, profound destruction of wealth, and sluggish consumer activity—will likely continue for years to come, and more pronounced effects may surface down the road. The contributors note that, to date, this crisis has not yet generated broad shifts in lifestyle and attitudes. But by clarifying how the recession’s early impacts have—and have not—influenced our current economic and social landscape, The Great Recession establishes an important benchmark against which to measure future change.
Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unemployment and Economic Recovery written by Linda Levine and published by DIANE Publishing. This book was released on 2010-11 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the economy has begun growing again, it may be a while before the unemployment rate shows steady improvement. The unemployment rate is considered a lagging indicator, meaning that its ups and downs happen some time after the ups and downs of other indicators of economic activity. For example, more than a year elapsed before the unemployment rate trended downward following the end of the 1990-1991 and 2001 recessions. This led the two to be labeled jobless recoveries. By contrast, after four earlier recessions the unemployment rate began a sustained decline within four to five months. This report examines the relationship between economic growth and the unemployment rate to anticipate possible future developments.
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Modeling in the Post Great Recession Era written by John E. Silvia and published by John Wiley & Sons. This book was released on 2016-12-14 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reality-based modeling for today's unique economic recovery Economic Modeling in the Post Great Recession Era presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book's unique focus on the reality of today's markets makes it an invaluable resource for students and practitioners seeking a comprehensive guide to more accurate forecasting. While most books treat the economy as if it were in a vacuum, building models around idealized or perception-biased behaviors, this book deals with the economy as it currently stands—in a state of recovery, limited by financial constraints, imperfect information, and lags and disparities in price movements. The authors identify how these characteristics impact various markets' behaviors, and quantify those behaviors using SAS as the primary statistical tool. Today's economy bears a number of unique attributes that usual modeling methods fail to consider. This book describes how to approach modeling based on real-world, observable data in order to make better-informed decisions in today's markets. Discover the three economic characteristics with the greatest impact on various markets Create economic models that mirror the current post-recession reality Adopt statistical methods that identify and adapt to structural breaks and lags Factor real-world imperfections into modeling for more accurate forecasting The past few years have shown a clear demarcation between policymakers' forecasts and actual outcomes. As the dust settles on the Great Recession, after-effects linger—and impact our current recovery in ways that diverge from past experience and theoretical expectations. Economic Modeling in the Post Great Recession Era provides comprehensive guidance grounded in reality for today's economic decision-makers.
Download or read book Labor Market Left Behind written by Jared Bernstein and published by . This book was released on 2003 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the recent recession was officially declared over as of November 2001, on Labor Day 2003 the job market remains decidedly weak. Unemployment is high and, instead of coming down in the nascent recovery, it has climbed from 5.6% at the recession's end to 6.2% in July 2003 (the most recent data available). Tracking the nation's payrolls reveals the worst hiring slump since the Great Depression. And the weak labor market is not just a problem for those without jobs--wages have been growing more slowly for most workers and even falling in real terms for some. How could it be that the nation's economy is supposedly in recovery yet the job market is much weaker now than when the recession ended? The explanation has something to do with the criteria used to determine when a recession ends, but the main point is that, although the economy is expanding, it is doing so at too slow a rate to quickly lower unemployment or generate the needed job growth.
Download or read book On Unemployment Volume II written by Mark R. Reiff and published by Springer. This book was released on 2015-10-07 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: With unemployment at historically high rates that show signs of becoming structural, there is a pressing need for an in-depth exploration of this economic injustice. Unemployment is one of the problems most likely to put critical pressure on our political institutions, disrupt the social fabric of our way of life, and even threaten the continuation of liberalism itself. Despite the obvious importance of the problem of unemployment, however, there has been a curious lack of attention paid to this issue by contemporary non-Marxist political philosophers. On Unemployment explores the moral implications of the problem of unemployment despite the continuing uncertainty involving both its causes and its cures. Reiff takes up a series of questions about the nature of unemployment and what justice has to tell us about what we should do, if anything, to alleviate it. The book comprehensively discusses the related theory and suggests how we might implement these more general observations in the real world. It addresses the politics of unemployment and the extent to which opposition to some or all of the book's various proposals stem not from empirical disagreements about the best solutions, but from more basic moral disagreements about whether the reduction of unemployment is indeed an appropriate moral goal. This exciting new text will be essential for scholars and readers across business, economics, and finance, as well as politics, philosophy, and sociology.
Download or read book The Tolls of Uncertainty written by Sarah Damaske and published by Princeton University Press. This book was released on 2021-05-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Although media outlets dubbed the Great Recession of 2007-2009 a 'man-cession' because men's job losses were double women's at first, women experienced greater job loss after the so-called 'conclusion' of the recession and recovered jobs at a slower rate than men. Women also appeared to face greater economic consequences of job loss: they were more likely than men to experience hunger and deprivation. These trends bring us to the first puzzle at the heart of this book: do women and men experience job loss and its effects differently? Using in-depth interviews from 100 people from rural and urban counties in Pennsylvania, Sarah Damaske investigates how men and women of different classes lose jobs, experience the economic and social ramifications of their unemployment in their own lives and their family life, and begin to search for work again"--
Download or read book Brookings Papers on Economic Activity Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Download or read book The Impact of Postwar II Recessions on Unemployment by Industrial Sector written by Thomas O. Depperschmidt and published by . This book was released on 1973 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Working Scared or Not at All written by Carl E. Van Horn and published by Rowman & Littlefield. This book was released on 2013 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the end of the 20th century, with the economy booming and unemployment at historic lows, the American economy was a job-producing marvel. The first decade of the 21st century was entirely different as the worst economy in 70 years, the Great Recession, crushed the lives of tens of millions of workers and their families, forestalled careers, scrapped hopes for a college education, delayed retirements, and foreclosed family homes. American workers experienced the best and worst of times and have endured an entire "lost decade" of high unemployment, stagnant or declining incomes, and anxiety. Working Scared draws upon nearly 25,000 interviews with employed and unemployed Americans conducted from, 1998 to 2012. These "voices" of American workers tell a compelling story about wrenching structural changes and recessions during one of the most volatile periods in U.S economic history. This book represents one of the most comprehensive social science research portraits of the views of American workers' about their jobs, the workplace, and government's role in the labor market. Working Scared will help citizens, policy makers, educators, business, union, and community leaders better understand what is happening to the United States workforce. It also describes the essential national priorities and policies that will assist frustrated, angry and scared American workers and the reforms that will help restore the American dream of secure employment and inter-generational progress.
Download or read book Employment Unemployment Hirings and Layoffs During the 1981 82 and 1990 92 Recessions written by Peter Joseph Kuhn and published by . This book was released on 1993 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares patterns of unemployment, employment, hirings and layoffs between the recessions of 1981-82 and 1990-92 to determine whether certain notions regarding the uniqueness of labour market patterns in this recession hold. There are three major sections to the paper. The first reviews trends for the economy as a whole, and if job losses were more likely to be permanent in the latest recession while the second focuses on particular demographic groups and industrial sectors. The third uses decomposition techniques to control for changes in the demographic composition of the labour force, asking how these influenced comparison of the aggregate unemployment rate between recessions.
Download or read book Unequally Unemployed written by Jennifer Laird and published by . This book was released on 2016 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Recession of 2007-2009 was the most destabilizing recession since the Great Depression. After the mortgage securitization bubble burst in 2007, the Great Recession erased more than half of the stock market capitalization (Grusky et al., 2011). The financial collapse led to waves of job loss and unemployment. In March of 2007 the national unemployment rate was 4.4%. By October 2009, unemployment had increased almost six percentage points to 10.1%. The number of unemployed people in the United States more than doubled between 2008 and 2009. Unemployment rates reached record highs after the onset of the recession, particularly among black men (a group that already had a heightened risk of unemployment prior to the recession). By March of 2010, nearly one in five black male labor force participants over the age of 20 was unemployed. The black/white employment gap among women also increased, as well as the employment gap between the most educated and the least educated. White and foreign-born Hispanic men maintained relatively low unemployment rates, even during the recession. Social scientists have a clear understanding of the patterns and sources of income inequality. This dissertation investigates patterns and sources of employment inequality. I focus on a unique historical period: the Great Recession and its aftermath. Compared to other recessionary periods, the labor market repercussions from the Great Recession were especially severe and long-lasting (Grusky et al., 2011). I examine how these repercussions vary by race, ethnicity, and gender. Based on their socioeconomic characteristics, Mexican immigrant men should have very high unemployment. More than half do not have a high school diploma. One in four works in construction; at the height of the recent recession, 20% of construction workers were unemployed. Yet their unemployment rates are similar to those of native-born white men. Chapter 2 examines potential reasons for the Mexican immigrant employment paradox. I consider explanations based on theories about out-migrant and in-migrant selection, disparities in reservation wages, and employer preferences for immigrant labor. Chapter 3 examines the extent to which the public sector protected black workers from the employment shocks of the Great Recession. Historically, the public sector has served as an equalizing institution through the expansion of job opportunities for minority workers. Using Current Population Survey cross-sectional and longitudinal data, I investigate changes in public sector employment and unemployment between 2003 and 2013. My results point to a post-recession double disadvantage for black public sector workers: they are concentrated in a shrinking sector of the economy, and they are substantially more likely than white and Hispanic public sector workers to be unemployed. These two trends are a historical break for the public sector labor market. I find that race and ethnicity gaps in public sector employment cannot be explained by differences in education, occupation, or any of the other measurable factors that are typically associated with employment. Among unemployed public sector workers, black women are the least likely to transition into private sector employment. Compared to the private sector, however, the post-recession public sector has had consistently lower levels of racial and ethnic employment stratification. Chapter 4 investigates whether and how labor market context affects racial and ethnic employment disparities. I find that black men are more likely to be employed when they reside in areas with 1) a large concentration of public sector jobs, or 2) relatively lax employment, labor, and hiring regulations. I conclude that while black men are more likely to be working when employers have fewer impediments to hiring and firing, black men also benefit from access to highly regulated public sector employment opportunities.
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Download or read book Unemployment written by Antone K. Hyde and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unemployment rate has greatly increased since the onset of the recession in December 2007, when it measured 5.0%. The rate peaked at 10.1% in October 2009, four months after the recession's official end. Almost two years into the economic recovery, the unemployment rate remains high, at just under 9.0%, and remains of concern to policymakers. This book assesses the relative magnitudes of cyclical and structural unemployment as they have different implications for policymakers. An analysis of changes between 2007 and 2010 in a variety of labour markets indicators across industries, finds patterns that strongly suggest most of the 5 percentage point increase in the U.S. unemployment rate is cyclical and due to depressed aggregate demand.
Download or read book How the Financial Crisis and Great Recession Affected Higher Education written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2015-01-08 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
