Recession

This tag is associated with 120 posts

US / Self-Employment is down 9% (936,000 jobs) since the beginning of the recession in 2006

It’s estimated that a whopping 10 million individuals, or 6.6% of all reported jobs, were self-employed in the U.S. as of 2013–however, that figure has declined significantly since the recession, according to a new report from CareerBuilder and Economic Modeling Specialists Intl. (EMSI). The number of self-employed workers is down 9% (936,000 jobs) since the … Continue reading

France / On edge of return to recession

A survey of French manufacturers found that output contracted and businesses shed jobs in November in response to the fastest slowdown in new orders since April, accentuating the single currency bloc’s sluggish recovery Continue reading

Economics 101 / Unemployment stats aren’t working

The unemployment rate is the result of millions of individual stories of finding and losing jobs Continue reading

US Financial Crisis and Recession / Five decades of evidence : How long? How deep?

Findings suggest recessions in such circumstances are much costlier and slightly longer Continue reading

US Job Market / “Jobless Recoveries” are likely in the future finds Brookings (Video)

In each of the three most recent U.S. recessions, the unemployment rate has stayed high for longer and longer durations, increasingly resembling the experience of many West European countries in the 1980s Continue reading

Greece / Unemployment hits new record at 27.9 pc with with 58.8 pc for youth

The unemployment rate rose to 27.9 percent of the workforce in June, with 58.8 percent of young people jobless Continue reading

Europe / A Baby Recession ?

An interesting and forward looking study from the Eurostat on the demographic fallout from the current crisis predicting a so-called ‘baby recession’ in Europe Continue reading

Recession / Mothers Are Tougher on Kids

A down economy can impact family life. But an uptick in strict maternal behavior stems more from anticipation of hard times rather than actual exposure Continue reading

UK / The Great Recession could be called the “Long Recession”

The current recession is represented by the red line. It is called the Great Recession but could be called the “Long Recession” as it surpasses in length anything before Continue reading

Job Search in India / The current slowdown may be the worst ever

India, the world’s second-most populous country and home to the world’s second largest workforce has a problem. That this is the worst job market since liberalisation in terms of severity, duration, sweep and scale Continue reading

Italy / Recession Hits A Record Duration

Italy’s recession has now extended into an eighth consecutive quarter, meaning it has lasted a record two years Continue reading

UK / A never seen recession: Employment has stayed remarkably, high productivity – output per worker – has dived

We have all grown used to the fact that the past few years have been different from any previous period in the last century. Output has stayed lower for longer than in any previous recession: in 2013, real national income is still lower than it was in 2007. This of course has driven public borrowing … Continue reading

US / Employment Lags

The American economy may be the world’s biggest, but when it comes to job creation since the recession hit at the end of 2007, it is far from a leader. Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in … Continue reading

The UK ‘Jobs Gap’ / More than 800,000

The UK is more than 800,000 jobs short of the amount it would need to restore employment rates to those seen before the recession, a study from independent think tank the Resolution Foundation has found. While the number of people in employment had climbed by 160,000 since 2008 to nearly 30 million, this positive news … Continue reading

The 70s / Did we need a terrible recession? asks Krugman

What we did have was a wage-price spiral: workers demanding large wage increases (those were the days when workers actually could make demands) because they expected lots of inflation, firms raising prices because of rising costs, all exacerbated by big oil shocks. It was mainly a case of self-fulfilling expectations, and the problem was to … Continue reading

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