Recession and Recovery
Chad Stone Statement on October Employment Report
“The economy is in a very deep hole and faces a long climb back to full employment.
"Policymakers can make that climb easier by extending or bolstering key provisions of the economic recovery legislation that the Administration and Congress enacted at the start of the year — particularly those related to unemployment insurance and state fiscal relief, whose scheduled expiration would otherwise exert a job-killing drag on the fragile recovery.”
Basics
A recession is a significant decline in the size of the U.S. economy lasting more than a few months, normally visible in a variety of economic indicators. Economic stimulus policies aim to avert a recession or lessen its severity by boosting the economy in the short term. The unemployment insurance system helps people who have lost their jobs by temporarily replacing part of their wages, typically for up to 26 weeks.
Policy Basics:
- Introduction to Unemployment Insurance
Featured Experts
The Center examines the impact of changes in the economy on federal and state budgets, as well as the likely effectiveness of economic stimulus proposals. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system.
New
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Statement: Chad Stone, Chief Economist, on the October Employment Report
November 6, 2009
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Audio Clip: Michael Leachman Discusses Stimulus and Job Creation on National Public Radio
October 31, 2009
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The Administration’s October 30 Data Release on Jobs Created by the Economic Recovery Law: What it Will Tell Us and What it Won’t
October 28, 2009
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Proposed Expansions of Homebuyer Tax Credit Would Be Highly Inefficient and Squander Federal Resources
October 27, 2009
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An Update on State Budget Cuts
Updated October 20, 2009
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