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Federal Reserve Bank of St. Louis
American households have not fully recovered from the Great Recession finds St. Louis Fed
In an essay from the Federal Reserve Bank of St. Louis’ new Center for Household Financial Stability, the authors provide data on the damage to household wealth during the Great Recession, explore the circumstances that led to large declines in household wealth, make the case that such wealth has not fully recovered and show why … Continue reading
US / ‘Price stability’ remains the policy advice even in the face of serious labor market inefficiencies says St. Louis Fed’s Bullard
Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday on “Some Unpleasant Implications for Unemployment Targeters” at the 22nd Annual Hyman P. Minsky Conference. During his presentation, Bullard noted that the U.S. unemployment rate remains high by historical standards and that it has declined about 0.7 percentage points per year from its … Continue reading
Great Recession – Only half of eligible unemployed Americans collected unemployment benefits
Only half of eligible unemployed Americans during the most recent recession actually collected unemployment benefits, according to a new analysis by the Federal Reserve Bank of St. Louis. And over the past 22 years, only one-third of those eligible for jobless benefits collected them on average. If everyone that qualified for unemployment benefits in 2009 … Continue reading
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