Today’s strong jobs report shows continuing labor market improvement but also continuing significant “slack” — people who are not working but want to be, or people who want to work full time but can only find part-time jobs. Prominent among those struggling to find work are the roughly three-in-ten jobless workers who’ve been looking for a job for 27 weeks or longer.
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.
- The Legacy of the Great Recession
Paul Van de Water
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.
Updated February 23, 2015
Revised February 20, 2015
Updated February 10, 2015
February 6, 2015
January 9, 2015
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