recession Here's How Many Teaching Jobs Could Be Lost in Each State in a COVID-19 Recession By feedproxy.google.com Published On :: Thu, 30 Apr 2020 00:00:00 +0000 There could be an 8.4 percent reduction in the U.S. teaching corps, and some states could see reductions as large as 20 percent, according to a new analysis by the Learning Policy Institute. Full Article Hawaii
recession One Way Recessions Actually Help Districts: Great Teachers Seeking Jobs By feedproxy.google.com Published On :: Mon, 27 Jul 2015 00:00:00 +0000 The hiring pool improved for schools when the recession squeezed teachers, study finds. Full Article Teacherquality
recession The Great Sleep Recession: Changes in Sleep Duration Among US Adolescents, 1991-2012 By pediatrics.aappublications.org Published On :: 2015-02-16T00:05:26-08:00 Adequate sleep is critical for adolescent health. Available data suggest a historical downward trend in sleep behavior, but there has been no rigorous evaluation of recent US trends.The proportion of adolescents who regularly obtain ≥7 hours of sleep is decreasing. Decreases in sleep exhibit period effects that are constant across adolescents according to gender, race, socioeconomic factors, and urbanicity. The gender gap in adequate sleep is widening. (Read the full article) Full Article
recession New Fresh Start program helping families hurt by foreclosure during recession By news.delaware.gov Published On :: Tue, 23 May 2017 13:45:33 +0000 DOVER — A new state program is designed to help families and individuals who have experienced foreclosures, job loss, or other financial difficulties stemming from the financial crisis that began in 2008, Governor John Carney and other officials announced today. Fresh Start, a partnership between the Delaware State Housing Authority and the state’s financial empowerment […] Full Article Delaware State Housing Authority Governor John Carney
recession Here's How Many Teaching Jobs Could Be Lost in Each State in a COVID-19 Recession By feedproxy.google.com Published On :: Thu, 30 Apr 2020 00:00:00 +0000 There could be an 8.4 percent reduction in the U.S. teaching corps, and some states could see reductions as large as 20 percent, according to a new analysis by the Learning Policy Institute. Full Article Teachingprofession
recession Want to beat recession? Don’t forget to buy gold By www.financialexpress.com Published On :: 2020-04-20T06:20:00+05:30 Increase your allocation to gold via the gold fund route from the safety and comfort of your home. Full Article Money
recession [Coronavirus] EU set for record recession, putting euro at risk By euobserver.com Published On :: Thu, 07 May 2020 07:14:42 +0200 Debt levels around Europe, especially in southern states, forecast to rise alarmingly, but EU commission remained confident countries can manage, despite fears of a second viral wave. Full Article
recession [Ticker] UK enters deepest recession on record, bank warns By euobserver.com Published On :: Thu, 07 May 2020 13:45:40 +0200 The Bank of England on Thursday warned that the UK economy is heading towards its deepest recession on record, as the British economy will shrink by 14 percent this year. The Covid-19 pandemic was "dramatically reducing jobs and incomes in the UK", it said. Bank governor Andrew Bailey told the BBC there would be no quick return to normality. The EU has forecast an eight-percent contraction for the UK. Full Article
recession Outlook for Global Energy Markets after the Great Recession By feedproxy.google.com Published On :: Thu, 07 Apr 2011 08:35:28 +0000 Outlook for Global Energy Markets After the 'Great Recession' Audio : At an event hosted by the Center for Strategic and International Studies and co-sponsored by the East-West Center in Washington, EWC Senior Fellow Fereidun Fesharaki discusses the outlook for global oil and gas markets after the “Great Recession.” Will growth reemerge to pre-crises levels? Will production keep up with resumed growth? What will the implications be for prices? Click here to listen. Full Article
recession UN’s Development Goals Threatened by a World Economy Facing Recession By www.ipsnews.net Published On :: Thu, 23 Apr 2020 11:15:08 +0000 The UN’s 17 Sustainable Development Goals (SDGs), described as an integral part of its highly-ambitious development agenda, may be in deep trouble. Aimed at addressing some of the global challenges the world faces– including extreme poverty and hunger, inequalities in incomes and gender, climate change and environmental degradation– the SDGs now seem threatened by a […] The post UN’s Development Goals Threatened by a World Economy Facing Recession appeared first on Inter Press Service. Full Article Development & Aid Featured Food & Agriculture Global Headlines Humanitarian Emergencies IPS UN: Inside the Glasshouse Population Poverty & SDGs TerraViva United Nations
recession Pandemic sets Japan on course for recession as spending and service activity plunge By www.japantimes.co.jp Published On :: Fri, 08 May 2020 22:08:30 +0900 Overtime pay, a barometer of strength in corporate activity, also fell at a record pace in March, data showed. Full Article News Japanese economy Economic indicators covid-19 covid-19 in Japan
recession Black Americans are Bearing the Brunt of Coronavirus Recession – This Should Come as no Surprise By www.ipsnews.net Published On :: Thu, 07 May 2020 21:13:25 +0000 As the COVID-19 pandemic worsened in April, many Americans were shocked by the extent that black Americans were being disproportionately impacted: higher infection rates, more deaths and greater job loss. But many black Americans were not surprised. This is not new. The same dynamic has been going on at times of crisis for decades and […] The post Black Americans are Bearing the Brunt of Coronavirus Recession – This Should Come as no Surprise appeared first on Inter Press Service. Full Article Economy & Trade Headlines Health North America Poverty & SDGs TerraViva United Nations
recession What's it like graduating into a recession? We want to hear old and new stories By www.nbcnews.com Published On :: Fri, 08 May 2020 15:47:00 GMT NBC News wants to hear from people who graduated in a recession and from students set to graduate this spring. Full Article
recession Welcome to the ‘she-session.’ Why this recession is different By globalnews.ca Published On :: Sat, 09 May 2020 10:00:23 +0000 Historically, recessions have hit men harder. This time it's different, economists say. Full Article Canada Economy Money Canada Coronavirus Canada Job Losses Childcare Coronavirus Coronavirus Cases Coronavirus In Canada coronavirus news coronavirus update COVID-19 covid-19 canada covid-19 news Job losses for women vs. men Recession she-session
recession EU forecasts recession of 'historic proportions' with worst economic shock since the Great Depression due to Covid-19 By www.standard.co.uk Published On :: 2020-05-06T10:13:49Z Europeans will see the worst economic shock since the Great Depression due to coronavirus, the European Union predicted. Full Article
recession Bank of England warns UK faces deepest recession for centuries By www.channel4.com Published On :: The UK is facing the deepest recession not just in living memory but for centuries, the Bank of England has warned Full Article
recession Digital-friendly recession: How Big Tech got even bigger in the midst of a market meltdown By business.financialpost.com Published On :: Wed, 06 May 2020 17:09:17 +0000 Many analysts expected the stocks to fall back to earth when the next downturn came Full Article Innovation Investing
recession Canada undoubtedly in 'recessionary time,' federal finance minister says By www.ctvnews.ca Published On :: Fri, 8 May 2020 17:14:00 -0400 Prime Minister Justin Trudeau described Canada’s current economic situation as a recession on Friday, and that should come as no surprise, says Finance Minister Bill Morneau, as the latest economic figures show two consecutive months of major job losses. Full Article
recession How a coronavirus recession could be disastrous for Uber and Lyft drivers By www.latimes.com Published On :: Wed, 18 Mar 2020 08:00:25 -0400 People who make their living through on-demand platforms face the possibility of a recession aggravated by a drop in demand caused by coronavirus fears. Full Article
recession Can we estimate the time until the next recession? By www.eurekalert.org Published On :: Thu, 07 May 2020 00:00:00 EDT As the world economy is falling into one of the biggest contractions of the last decades, a new study of economic recession patterns finds that the likelihood of a downturn was high even before the onset of the Coronavirus crisis. Full Article
recession Coronavirus: What shape will a recession and recovery take? By www.bbc.co.uk Published On :: Tue, 05 May 2020 23:20:09 GMT Monica Miller explains the alphabet soup of possible recession shapes for the coronavirus-hit global economy. Full Article
recession Editorial: California was ready for a recession, but nothing could have prepared it for coronavirus By www.latimes.com Published On :: Thu, 7 May 2020 18:33:05 -0400 The good news: The state is far better prepared to meet this challenge than it was a decade ago. The bad news: It will need help from the feds, and a lot of it. Full Article
recession Hold the Champagne: Pandemic, recession fears hammer traditional European products By www.latimes.com Published On :: Fri, 8 May 2020 14:49:10 -0400 A looming recession due to the coronavirus imperils Champagne, buffalo mozzarella and other European delicacies. They're luxuries, but also livelihoods. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession Was the TANF Welfare Program's Response to the Great Recession Adequate? By webfeeds.brookings.edu Published On :: Tue, 12 Aug 2014 12:06:00 -0400 "It is fortunate that a major feature of American social policy is a series of programs, often referred to as the safety net, that are designed to provide people with cash and other benefits when they fall on hard times—which they are more likely to do during a recession," write the authors of a new report on the response of the Temporary Assistance for Needy Families (TANF) program—the major federal welfare program that replaced Aid to Families with Dependent Children (AFDC) in 1996—to the Great Recession that lasted from December 2007 to June 2009. In their report, "The Responsiveness of the Temporary Assistance for Needy Families Program during the Great Recession," Ron Haskins, Vicky Albert, and Kimberly Howard write that "All in all, we conclude that the American system of balancing work requirements and welfare benefits worked fairly well, even during the most severe recession since the Depression of the 1930s." Their report is based on three studies: (1) an examination of the changes in the TANF rolls compared to changes in AFDC rolls during previous recessions, plus changes in TANF rolls in relation to rising unemployment state-by-state; (2) a review of data on single mothers' likelihood to receive TANF benefits during the 2001 and 2007 recessions, their receipt of other program benefits, and what actions single mothers took to deal with the recession; and (3) interviews with 44 directors of state TANF programs to determine their state's response. "An important question" noted by the authors at the outset "is whether the response of the nation's safety net program in general and the TANF program in particular was commensurate with the challenge posed by the huge level of unemployment during and following the Great Recession." Some Results of the TANF Study Haskins, Albert, and Howard arrived at a number of conclusions from the TANF/AFDC study, including: TANF rolls increased more in the 2001 recession and the 2007 Great Recession than did AFDC during previous, pre-welfare reform (1996) recessions. The increase in TANF rolls was greater during the period of rising unemployment in each state, which did not coincide exactly with the dates of the Great Recession, than during the official recession period nationally. The "nation's safety net as a whole performed well during the Great Recession and prevented millions of people from falling into poverty." "The nation experienced 51 different recessions and 51 different responses by the TANF program to the recession,” they write. "But the key point is that measuring the rise of the TANF caseload in response to the unique increase in unemployment in each state reveals TANF to have been more responsive to the recession." Some Results of the Single Mothers Study Compared with the 1990 recession before welfare reform, "single mothers were less likely to receive benefits from the TANF program during the 2001 and 2007 recessions." Single mothers were more likely to receive other "safety net" help such as Unemployment Compensation, Supplemental Nutrition Assistance Program (formerly food stamps), Supplemental Security Income, the Earned Income Tax Credit, and child care, school lunch and breakfast, and other benefits for their children. In all the 1990, 2001, and 2007 recessions, "single mothers took action on their own" by finding jobs, living with family, and other ways to "weather the recession." Based on income, "poverty among single mothers and their children was lower during the Great Recession than during the recession of 1990." Given the array of available benefits, the authors conclude that: a mother with two children earning even as little as $11,000 per year could and still can escape poverty, as measured by income that includes non-cash benefits and tax credits, because of the generosity of these benefits. In our view, the combination of strong work requirements and generous work support benefits is a reasonable policy, despite the fact that fewer mothers receive TANF now than in the past. Some Results of the TANF Directors Study "Arguably the people who know the most about the goals and operation of state TANF programs and how the programs responded to the recession are the state TANF directors," write Haskins, Albert, and Howard. "They were, after all, the point persons for state TANF programs before and during the Great Recession. Interviews with TANF directors can provide an insider's view of the TANF issues that we have so far analyzed from the outside." Some of their conclusions from these interviews include: Most states did not struggle to pay for growing TANF rolls during the Great Recession. Most state directors considered their state's response to the recession "as adequate or better." The directors had suggestions for improving the TANF program, including having more flexibility in work participation rates, gaining access to the Contingency Fund, and placing greater emphasis on job training. Some Policy Recommendations Although the authors believe that the TANF program worked well, especially in conjunction with other safety net programs, they suggest some potential reforms: TANF allows vocational training to count toward states fulfilling their work requirement, but only a maximum of 30 percent of the work requirement can be fulfilled by TANF recipients in education or training. In times of high unemployment, Congress could raise the percentage limit from 30 to 40 or even 50 percent when unemployment reaches some specified level in the state, given that most experts believe the unemployed should expand their skills through job training during recessions. Congress should consider changing the 12-week limit on job search during periods of high unemployment to as much as six months, given that the average period of search before finding a job increases sharply during periods of high unemployment. Download and read the full report for complete methodology, analysis, and data. Authors Fred Dews Full Article
recession Will the Coronavirus Trigger a Global Recession? By feedproxy.google.com Published On :: Feb 24, 2020 Feb 24, 2020At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession History Warns Us to Avoid a W-shaped Recession By feedproxy.google.com Published On :: May 3, 2020 May 3, 2020“Those who do not study history are condemned to repeat it.” And the rest of us are condemned to repeat George Santayana. Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession. As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939. As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period. Full Article
recession How to Avoid a W-shaped Global Coronavirus Recession By feedproxy.google.com Published On :: May 4, 2020 May 4, 2020“Those who cannot remember the past are condemned to repeat it,” George Santayana famously quipped in 1905. It is a phrase that has been repeated for over a century, but rarely heeded. As Covid-19 decimates the global economy, our understanding of history could be the difference between a V- or U-shaped recession and a W-shaped one, in which incipient recovery is followed by successive relapses. As recently as March, V-shaped recoveries in individual economies seemed plausible. Once infections and deaths had peaked and begun to decline, the logic went, people would eagerly return to work. The economic activity might even get an extra boost, as consumers released pent-up demand. Full Article
recession WEBINAR – Are state and local governments prepared for the next recession? By webfeeds.brookings.edu Published On :: Thu, 07 Nov 2019 18:26:28 +0000 During the Great Recession, cities and states saw revenue declines and expenditure increases. This led to record levels of fiscal stress resulting in service cuts, deferred maintenance of infrastructure, and reduced payments to pensions and other liabilities. This webinar will focus on how state and local governments can adopt best practices and strategies now in… Full Article
recession We can’t recover from a coronavirus recession without helping young workers By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 20:34:14 +0000 The recent economic upheaval caused by the COVID-19 pandemic is unmatched by anything in recent memory. Social distancing has resulted in massive layoffs and furloughs in retail, hospitality, and entertainment, and millions of the affected workers—restaurant servers, cooks, housekeepers, retail clerks, and many others—were already at the bottom of the wage spectrum. The economic catastrophe of… Full Article
recession The Great Recession and Poverty in Metropolitan America By webfeeds.brookings.edu Published On :: Thu, 07 Oct 2010 00:00:00 -0400 As expected, the latest data from the Census Bureau’s 2009 American Community Survey (ACS) confirm that the worst U.S. economic downturn in decades exacerbated trends set in motion years before, by multiplying the ranks of America’s poor. Between 2007 and 2009, the national poverty rate rose from 13 percent to 14.3 percent, and the number of people below the poverty line jumped by 4.9 million. Yet because the economic impact of the Great Recession was highly uneven across the nation, the map of U.S. poverty shifted in important ways over the past couple of years, with implications for both national and local efforts to alleviate poverty.An analysis of poverty in the nation’s 100 largest metro areas, based on recently released data from the 2009 American Community Survey, indicates that: The number of poor people in large metro areas grew by 5.5 million from 1999 to 2009, and more than two-thirds of that growth occurred in suburbs. By 2009, 1.6 million more poor lived in the suburbs of the nation’s largest metro areas compared to the cities. Between 2007 and 2009, the poverty rate increased in 57 of the 100 largest metro areas, with the largest increases clustered in the Sun Belt. Florida metro areas like Bradenton and Lakeland, and California metro areas like Bakersfield, Riverside-San Bernardino-Ontario, and Modesto, each experienced increases in their poverty rates of more than 3.5 percentage points. Poverty increased by much greater margins in 2009 than 2008, with cities and suburbs experiencing comparable rates of growth in the recession’s second year. Between 2008 and 2009, cities and suburbs gained 1.2 million poor people, together accounting for about two-thirds of the national increase in the poor population that year. Several metro areas saw city poverty rates increase by more than 5 percentage points, while many suburban areas experienced increases of 2 to 4 percentage points between 2007 and 2009. The city of Allentown, PA saw a 10.2 percentage-point increase in its poverty rate, followed by Chattanooga, TN with an increase of 8.0 percentage points. Sun Belt metro areas were among those with the largest increases in suburban poverty, including Lakeland, FL and Riverside-San Bernardino-Ontario, CA. Downloads Full PaperAppendix AAppendix B Authors Elizabeth Kneebone Publication: Brookings Institution Full Article
recession March 2010: The Landscape of Recession: Unemployment and Safety Net Services Across Urban and Suburban America By webfeeds.brookings.edu Published On :: Tue, 30 Mar 2010 00:00:00 -0400 Two years after the country entered the Great Recession, there are signs the national economy has slowly begun to recover. Thus far recovery has meant the return of economic growth, but not the return of jobs. And just as some communities have felt the downturn more than others, recovery has not and will not be shared equally across the nation’s diverse metropolitan economies.Within metropolitan areas, many communities continue to struggle with high unemployment and increasing economic and fiscal challenges, while at the same time poverty and the need for emergency and support services continue to rise. Even under the best case scenario of a sustained and robust recovery, cities and suburbs throughout the nation will be dealing with the social and economic aftermath of such a deep and lengthy recession for some time to come. An analysis of unemployment, initial Unemployment Insurance claims, and receipt of Supplementary Nutritional Assistance Program (SNAP, formerly known as food stamps) benefits in urban and suburban communities over the course of the Great Recession reveals that: Between December 2007 and December 2009, city and suburban unemployment rates in large metro areas increased by roughly the same degree (5.1 versus 4.8 percentage points, respectively). By December 2009, the gap between city and suburban unemployment rates was one percentage point (10.3 percent versus 9.3 percent)—smaller than 24 months after the start of the first recession of the decade (1.7 percentage points) and the downturn in the early 1990s (2.2 percentage points). Western metro areas exhibited the greatest increases in city and suburban unemployment rates—5.8 and 5.6 percentage points—over the two-year period ending in December of 2009. Increases in unemployment rates tilted more toward primary cities in Northeastern metro areas (a 5.3 percentage-point increase versus 4.2 percentage points in the suburbs), while suburbs saw slightly larger increases in the South (5.0 versus 4.4 percentage points). Initial Unemployment Insurance (UI) claims increased considerably between December 2007 and December 2009 in urban and suburban areas alike. The largest increases in requests for UI occurred in the first year of the downturn—led by lower-density suburbs—with new claims beginning to taper off between December of 2008 and 2009. SNAP receipt increased steeply and steadily between January 2008 and July 2009 across both urban and suburban counties. Urban counties remain home to the largest number of SNAP recipients, though suburban counties saw enrollment increase at a slightly faster pace during the downturn—36.1 percent compared to 29.4 percent in urban counties. Even as signs point to a tentative economic recovery for the nation, metropolitan areas throughout the country continue to struggle with high unemployment. Within these regions, the negative effects of this downturn—as measured by changes in unemployment and demand for safety net services—have been shared across cities and suburbs alike. Standardizing sub-state data collection and reporting across programs would better enable policymakers and services providers to effectively track indicators of recovery and need in the nation’s largest labor markets.Read the Full Paper » (PDF)Read the Related Report: Job Sprawl and the Suburbanization of Poverty » Downloads Full PaperAppendix AAppendix BAppendix C Authors Emily GarrElizabeth Kneebone Full Article
recession U.S. concentrated poverty in the wake of the Great Recession By webfeeds.brookings.edu Published On :: Thu, 31 Mar 2016 00:00:00 -0400 Full Article
recession We can’t recover from a coronavirus recession without helping young workers By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 20:34:14 +0000 The recent economic upheaval caused by the COVID-19 pandemic is unmatched by anything in recent memory. Social distancing has resulted in massive layoffs and furloughs in retail, hospitality, and entertainment, and millions of the affected workers—restaurant servers, cooks, housekeepers, retail clerks, and many others—were already at the bottom of the wage spectrum. The economic catastrophe of… Full Article
recession We can’t recover from a coronavirus recession without helping young workers By webfeeds.brookings.edu Published On :: Thu, 07 May 2020 20:34:14 +0000 The recent economic upheaval caused by the COVID-19 pandemic is unmatched by anything in recent memory. Social distancing has resulted in massive layoffs and furloughs in retail, hospitality, and entertainment, and millions of the affected workers—restaurant servers, cooks, housekeepers, retail clerks, and many others—were already at the bottom of the wage spectrum. The economic catastrophe of… Full Article