15 posts on "recession"
June 26, 2013
States Are Recovering Lost Jobs at Surprisingly Similar Rates
The U.S. economy lost more than 8 million jobs between January 2008 and February 2010.
February 6, 2013
How Did Education Financing in New Jersey’s Abbott Districts Fare during the Great Recession?
In the state of New Jersey, any child between the ages of five and eighteen has the constitutional right to a thorough and efficient education.
February 1, 2012
Tough Decisions, Depleted Revenues: New Jersey’s Education Finances during the Great Recession
Today’s post, which complements Monday’s on New York State, considers the Great Recession’s impact on education funding in New Jersey.
January 30, 2012
How Did the Great Recession Affect New York State’s Public Schools?
Surprisingly, there is no literature on how recessions (including the Great Recession) have affected schools.
July 6, 2011
Discretionary Services Expenditures in This Business Cycle
The pronounced weakness in personal consumption expenditures (PCE) for services has been an unusual feature of the 2007-09 recession and the slow recovery from it. Even in 2010:Q4, when real PCE increased at a relatively robust 4.1 percent annual rate, real PCE on services rose at only a 1.4 percent rate. This weakness has been especially evident in “discretionary” services (to be defined below), which fell more in the recent recession than in previous recessions and since have rebounded more sluggishly. In this post, I suggest that the continued sluggishness in these expenditures lends a note of caution regarding the sustainability of recent PCE strength. Because consumption accounts for about 70 percent of output, this in turn raises some concern about the future strength of the recovery.
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