Today’s solid jobs report shows the labor market continues to improve in important ways but that wage growth continues to languish (see chart) — suggesting that the Federal Reserve should wait until the labor market improves enough to boost wages before raising interest rates.
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 November 13, 2014
November 7, 2014
Updated October 27, 2014
October 3, 2014
August 27, 2014
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