Word: recessional
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Proving a negative is always a challenge, but there's mounting evidence that the controversial $787 billion stimulus bill is achieving one of its major goals: shortening the recession. Economists at Goldman Sachs say the bill, officially called the American Recovery and Reconstruction Act, has resulted in a 2% to...
All that money works well to stimulate the economy because the poor don't save - they spend, and fast. "Recovery money aimed at low- and moderate-income households has a dual benefit," says Chad Stone, chief economist at the left-leaning Center on Budget and Policy Priorities. "Besides relieving hardship...
2. On women in the workforce: "After marching steadily upward for five decades, the labor force participation rate of women has essentially flattened out. It now stands at 59%, slightly below the 60% peak it reached in 2000 at the end of a period of robust economic growth, and about...
The Lowdown: For the most part, the study hits the same notes we've been hearing throughout the recession: men have been feeling the employment crunch worse than women; students are riding out the downturn by staying in (or returning to) school; and old folks are deferring retirement, making it...
See 10 jobs for the recession.