Tracking the 3.5 million jobs President Obama will save or create
Posted on January 8, 2010 - Filed Under Economy | Leave a Comment
In an earlier essay I tried to explain President Obama’s notion of saving or creating jobs. The stimulus plan bill was passed by both houses of Congress last night and the final plan was a bit smaller than the earlier version, so the President now asserts that the plan will save or create 3.5 million [...]
Read More..>>After the recession ends, when will unemployment fall?
Posted on January 4, 2010 - Filed Under Economy | Leave a Comment
The unemployment rate typically continues to rise for a few months after recessions end, but in recent years the timing seems to have changed. After the end of recessions from 1948 until the 1980s, rapid economic growth followed quickly with a sharp improvement in unemployment. But after the last two recessions (recessions that ended in [...]
Read More..>>