Word: recessional
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For children, visiting Santa Claus is the highlight of the year; for parents, it can be a complicated, stressful nightmare. What if your child notices that his beard isn't real? Or asks what Santa's doing in a shopping mall? (This year you have an easy out: just say...
But Republicans can't argue with the still precarious position of the nation's economy. The recession has officially ended, but the country remains on a sort of economic life support. Credit remains scarce, especially for small businesses. Unemployment hovers above 10%. The commercial real estate market is crashing, the...
The goal of this sort of approach is to accelerate the way an economy naturally comes out of recession. Since there has been less demand for goods and services, firms hesitate to add workers. Instead, companies squeeze more productivity out of their current ones. This is a trend we've...
It is also misleading to imply that companies aren't hiring. They are - about 4 million workers a month. There is always a lot of churn in the American labor market and that doesn't stop during a recession. (We don't particularly feel the hiring right now because companies...
Coming out of a recession is a tricky thing. Companies feel like it might be time to start ramping production back up, but demand hasn't fully returned, so they hesitate to hire. The conundrum: demand in the U.S. is overwhelmingly consumer-driven and people need to have jobs to...