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Tag Archives: recovery
Economic Prospects for Americans Under 40 are At Risk
The economic prospects for Americans under 40 are at risk according to a new report by the Urban Institute. “Despite the Great Recession and slow recovery, the American dream of working hard, saving more, and becoming wealthier than one’s parents … Continue reading
Posted in Economy, Income Distribution, Inequality, Socio-economic Status, Wealth
Tagged American Dream, baby-boomers, economy, Gen X, Gen Y, great recession, job opportunities, recovery, savings, wages, wealth
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Stunning List of Top Economists and Financial Experts Who Desire to Break Up the Big Banks
Barry Ritholtz has compiled an excellent group of economists and financial experts who maintain we must break up the too big to fail banks: “The following top economists and financial experts believe that the economy cannot recover unless the big, … Continue reading
Fed Earns $22.7 Billion Profit on AIG Bailout
As part of the Federal government’s intervention in the financial crisis in the Fall of 2008 the Federal Reserve and the Treasury picked up $182.3 billion worth of AIG liabilities. Last Tuesday the U.S. Treasury reported it had sold the last of … Continue reading
Posted in Economy, Government
Tagged AIG, financial crisis, Keynesian economics, liabilities, profit, recession, recovery, ROI, TARP
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ADP Report: Most Jobs Added Since February
Via The Big Picture: “The newly improved ADP employment report said 158k private sector jobs were added in October vs 88.2k in Sept (revised from 162k due to the new methodology). It’s the most job adds since February. ADP ditched … Continue reading
Posted in Economy
Tagged ADP, economy, employment, jobs, Moody's Analytics, recession, recovery
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Good News: Housing Starts are Up 15 Percent!
U.S. Census Bureau reports privately-owned housing starts (seasonally adjusted annual rate) stand at 872,000 and are up 15.0 percent since the last report.
BLS: Unemployment Rates Improved in 41 of 50 States in September
The Bureau of Labor Statistics released new data indicating the unemployment rate improved in 41 of the 50 States in September.
The Auto Rescue: By the Numbers
Logan Timmerhoff, an Economic Policy intern at the Center for American Progress, identifies the details of the auto industry rescue: More than 1 million: Jobs saved by the auto rescue. $85 billion: Total spent by the U.S. government on the … Continue reading
Posted in Economy, Government, Taxes
Tagged auto industry, economy, recession, recovery, stimulus
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Wow! Housing Market Lost the Equivalent of China and United Kingdom GDPs Combined
According to RealEstate.com: The U.S. housing market lost the equivalent of the GDP of China and the United Kingdom combined during the five-year-long real estate crash. That’s over $9.128 trillion! How much have we recovered since the bottom of the … Continue reading
Posted in Economy
Tagged China, crash, GDP, great recession, housing, real estate, recovery, United Kingdom
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Financial Crises Recoveries: The Good-Bad-Mixed News
Recessions induced by financial crises historically last longer and often are deeper in their adverse effects on the economy. Given this fact Lehner examines how the U.S. financially induced recession compares with other recessions in the U.S. and other countries. … Continue reading
Posted in Economy
Tagged Big Five Recessions, economy, employment, financial induced recessions, recessions, recovery, unemployment
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America’s Jobs Deficit Continues: Quantity and Quality
The National Employment Law Project has examined employment trends since the Great Recession. Their findings are troublesome on two fronts: quantity and quality. They find that: 1. During the recession, employment losses occurred throughout the economy, but were concentrated in … Continue reading
Posted in Economy, Inequality, Socio-economic Status
Tagged economic growth, employment, great recession, jobs, low-wage jobs, occupations, recovery
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