Showing 1 - 10 of 16
In 1982, the United States experienced the highest annual unemployment rate since the Great Depression – 9.7 percent …. In principle, that rate is directly comparable to the 8.1 percent seasonally adjusted unemployment rate for February 2009 …, and suggests that current unemployment is still not as bad as it was in 1982. The official unemployment rate, however …
Persistent link: https://www.econbiz.de/10004999572
This report shows that the $787 billion included in the 2009 ARRA will not have as much of an immediate effect on the economy as initially anticipated. After subtracting the annual AMT patch and acounting for state level spending and tax cuts, the full effect of federal stimulus will equal a...
Persistent link: https://www.econbiz.de/10004999573
This paper looks at the problem of state budget shortfalls during the recession and calculates the number of jobs that would be lost (nationally and by state) if states utilize pro-cyclical spending cuts in an attempt to balance their budgets. This is an update to an earlier paper from December...
Persistent link: https://www.econbiz.de/10008545832
In the current recession, millions of Americans have lost their jobs. Unemployment has increased nationwide to levels …
Persistent link: https://www.econbiz.de/10008545834
From the early 1990s through the peak of the last business cycle, relatively low U.S. unemployment rates seemed to make … (OECD), the International Monetary Fund (IMF), and other international organizations all praised the U.S. unemployment … shows that in the current economic crisis, the U.S. unemployment rate ranks 4th to last among the major OECD countries. …
Persistent link: https://www.econbiz.de/10005256263
Since the Great Depression, the worst episode of unemployment came in the second half of 1982 and the first half of … 1983. Over that time, the unemployment rate stayed above ten percent from September through June—reaching 10.8 percent of … the labor force in November and December of 1982. A naïve examination of the raw unemployment rates would suggest that the …
Persistent link: https://www.econbiz.de/10008568491
Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession, but in this … paper we find little support for either of two arguments that suggest that structural unemployment has been on the rise. The … first argument focuses on the large increase in unemployment among construction workers. The second argument is that falling …
Persistent link: https://www.econbiz.de/10008867484
system of unemployment compensation, with shorttime compensation as an alternative to unemployment compensation. This means …) already have short-time compensation as an option under their unemployment insurance system. In these states a governmental …
Persistent link: https://www.econbiz.de/10009144917
recession in 2008. The report finds that such a recession would result in a significant rise in unemployment and the poverty …
Persistent link: https://www.econbiz.de/10005489822
The strong rise in the U.S. stock market since the spring and the return to positive economic growth in the third quarter of this year have created a consensus among economists that the Great Recession is very likely over. Unfortunately, the end of the official recession will have little visible...
Persistent link: https://www.econbiz.de/10008545825