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.” 

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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

  1. Robert Greenstein

    Robert Greenstein

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  2. Chad Stone

    Chad Stone

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  3. Paul Van de Water

    Paul Van de Water

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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.

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