Tag Archives: Recession

Economists Polled On Pre-Election Economy

A survey of economists is published in the November 2012 issue of Foreign Policy.  One question was whether we thought that the US unemployment rate would dip below 8.0% before the election.   When the FPconducted the poll at the end of the summer, … Continue reading

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The Unemployment Rate and Private Job Growth

Once again this morning, the BLS employment release tells conflicting stories depending on whether one looks at the unemployment rate or job growth.   The U.S. unemployment rate fell from 8.3% in July to 8.1% in August, continuing the gradual three-year … Continue reading

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Perspective on the Latest Employment Numbers

The BLS this morning reported U.S. job gains of 163,000 in July, which is good news.  But the jobs data had been disappointing over the preceding three spring months.  Before that, during the winter months, employment growth was strong. In … Continue reading

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Procyclicalists Across The Atlantic Too

My preceding postbemoaned the tendency for many US politicians to exhibit a procyclicalist pattern of behavior:    voting for tax cuts and spending increases when the economy is booming, which should be the time to save money for a rainy day, … Continue reading

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Did Obama Turn Around The Economy?

With November’s election fast approaching, the Republican candidates seeking to challenge President Barack Obama claim that his policies have done nothing to support recovery from the recession that he inherited in January 2009. If anything, they claim, his fiscal stimulus … Continue reading

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